Gautam Adani a first-generation entrepreneur from Ahmedabad is the chairman of the Adani Group. He founded the company in 1988 as a small trading firm and has since grown it into one of India’s largest and most diversified conglomerates, with a presence in multiple industries and operations in several countries.
Adani was born in 1962 in a small town in Gujarat, India. He dropped out of high school and began working as a diamond sorter, before starting his own diamond brokerage business. In 1988, he founded Adani Enterprises, which began as a small trading firm importing polyvinyl chloride (PVC) and other goods. Adani has been credited for his business acumen, and his ability to identify and capitalize on opportunities. Under his leadership, Adani Group has grown to become one of India’s largest companies, with revenues of over $13 billion in the year 2019.
The growth of the Adani Group has propelled Gautam Adani to the ranks of the world’s top few richest people. Gautam Adani has made many smart moves to expand in many critical sectors and has been a beneficiary of government contracts in many industries where the government wants India to become self-reliant. By focusing on sectors that are critical to India’s growth he has built a strong position for the Adani Group.
One of the major growth drivers for the Adani Group has been its investments in infrastructure, particularly in the development of ports and logistics facilities. The company operates several major ports in India, including the Mundra Port, which is one of the largest private ports in the country. The Adani Group has also invested in developing a network of logistics parks and warehouses across India, which has helped to improve the efficiency of its supply chain operations.
In recent years, the Adani Group has also made significant investments in renewable energy, particularly in solar and wind power. The company has set a goal to generate 25 GW of renewable energy by 2025 and has already become one of the largest renewable energy companies in India. Overall, the Adani Group’s diversified business portfolio, strategic acquisitions and partnerships, and investments in infrastructure and renewable energy have contributed to its strong growth in the last decade.
Raghvendra Nath, managing director at Mumbai’s Ladderup Wealth Management said “One of the biggest triggers for the success of Adani group is their ability to enter into potential sectors at the right time,”.
Prime Minister Narendra Modi’s government is increasingly focusing on cleaner forms of energy, as it targets net-zero carbon emissions by 2070. Mr Modi launched the country’s national hydrogen mission, aimed at turning India into a green hydrogen hub. The government is aiming to produce five million tonnes of green hydrogen by 2030. Staying in line with the political direction, the Adani groups energy business is becoming increasingly focused on green energy. Mr Adani outlined plans to invest $70bn with the ambition of becoming the world’s largest renewable energy producer and to generate the cheapest hydrogen on the planet.
Wherever the government is focusing on a bigger way, Mr Adani has a good hold into that. So if the India growth story is robust and positive for the long term, we see a good and decent rally in his wealth and share prices in the coming years. The Adani Group’s pivotal strategy is “Nation Building”.
As the Adani conglomerate expands in areas including 5G and media, we have seen a head to head between Mr Gautam Adani and Mr Mukesh Ambani of the conglomerate Reliance Industries’ who, for years, was India’s richest man. Adani was ranked the third most remarkable Individual in India by India Today in 2019. His life is a story of how focus and determination can help a man change his humble beginning to become one of the most successful industrialists of his generation. His visionary qualities differentiate him from the others and it’s the reason for his success.
At 60 Gautam Adani has been named the world’s richest Indian by Forbes Magazine. His net worth stands at $133 Billion. He hold the 11th position in the Forbes list of highest net worth individuals. Becoming a Business Tycoon from a college dropout is a remarkable feat. His success story reveals his strong will, business acumen, and hard work, which he used to build his stair of success. He is a man who recognises and grabs opportunities when they comes knocking at his door. He also believes in giving back to society and is known for his philanthropic activities, supporting education and healthcare programs in India.
World Richest Man 2023 source Real Time Billionaires Forbes as on 19 Jan 2023
Top 10 Billionaires List & Net Worth
#1.Elon Musk – $190 billion
#2. Bernard Arnault & Family – $144 billion
#3. Gautam Adani and family – $133 billion
#4. Jeff Bezos – $114 billion
#5. Bill Gates – $107 billion
#6. Warren Buffet – $100 billion
#7. Larry Ellison – $90.9 billion
#8. Mukesh Ambani – $89.0 billion
#9 Larry Page – $81.4 billion
#10 Steve Ballmer – $79.7 billion