Gautam Adani is one of India’s wealthiest and most powerful businessmen. He heads the $13 billion (revenue) Adani Group, which he founded in 1988 with a small loan from his family. Today, Adani Group is one of the leading conglomerates in India, operating in multiple sectors including ports, power, oil & gas, and real estate. Adani has been named among the richest people in India and has been featured on Forbes magazine’s list of billionaires for several years. So what is Gautam Adani’s net worth? Let’s take an in-depth look at his staggering wealth.
Net Worth Overview
Adani’s current estimated net worth is approximately US$12.2 billion, making him one of the wealthiest individuals in India and one of the world’s richest business tycoons. His success can be attributed to his ability to identify opportunities early and capitalise on them quickly. Additionally, Adani’s diversified sources of income, investments and assets have contributed significantly to his vast fortune.
Assets and Investments
Adani’s primary source of wealth comes from various investments across numerous sectors such as energy, infrastructure, logistics, agri-businesses, mining and financial services. According to reports, his investment portfolio includes stakes in some of the largest companies in India such as Larsen & Toubro Limited, Reliance Industries Ltd., YES Bank Ltd., Coal India Ltd., Tata Motors Ltd., ICICI Bank Ltd. and GAIL (India) Ltd.
In addition to these public market investments, Adani also holds considerable private equity stakes in many successful Indian businesses like Paytm Payments Bank, Supermarket Grocery Supplies Pvt. Ltd. and Ola Cabs. These strategic investments have added significantly to his net worth over time.
Real Estate Holdings
Another major component of Adani’s wealth is derived from his extensive real estate holdings spread across cities such as Mumbai, Ahmedabad and Surat. The majority of these properties are commercial complexes used by the group to expand their business operations and increase revenues. Some other notable properties owned by Adani include residential buildings, agricultural land and even pieces of art.
Interests in Companies
Apart from direct ownership interests, Adani also serves on the boards of multiple large companies where he provides guidance and oversight. For instance, he serves on the board of directors at Airports Authority of India (AAI), Reliance Infrastructure Ltd., Torrent Power Ltd. and Gujarat State Petroleum Corporation Ltd.
Additionally, Adani holds significant positions within the group itself. He is Chairman of all six listed companies that form part of the Adani Group — namely Adani Enterprises Limited, Adani Power Limited, Adani Ports & SEZ Limited, Adani Transmission Limited, Adani Gas Limited and Adani Total Gas Private Limited. This allows him to stay updated on the group’s performance and strategize for its future growth.
Financial Details From Forbes Listings
As per Forbes Magazine’s 2019 rankings of Billionaires, Adani was ranked as India’s eighth-richest person with an estimated net worth of US$11.6 billion. Similarly, according to Bloomberg’s 2019 ranking of World’s Richest People, Adani was placed 68th with a total net worth of US$15.7 billion. While there may be discrepancies between these two lists due to differing methods of valuation, they provide an overall view into Adani’s immense wealth.
Adani Group Conglomerate’s Impacts On Net Worth
The main reason behind Gautam Adani’s wealth is his leadership of the highly successful conglomerate known as the Adani Group. It is currently present in 11 different countries around the world with more than 100 operational facilities worldwide. Its core businesses span diverse sectors such as coal mining, energy trading and distribution, transmission lines and renewable energy projects; while it also operates additional entities providing value-added services like education, training and research solutions etc.
These businesses continue to drive revenue and generate profits for the group year after year, contributing significantly towards increasing Gautam Adani’s personal net worth each passing year.
Philanthropic Efforts By Gautam Adani
Adani’s philanthropic activities are commendable. He established the ‘Gautam Adani Foundation’ in 1996 with the mission to bring about socio-economic development through sustainable approaches in rural areas across India. Since then, the foundation has been actively engaged in uplifting lives of underprivileged communities by undertaking health initiatives and carrying out programs related to agriculture, education and women empowerment.
In 2018 alone, the foundation provided medical support to over 500 villages across 15 states in India and conducted educational workshops for more than 20 million children in association with government schools. Recently, it pledged Rs 100 crore towards PM CARES Fund set up by Prime Minister Narendra Modi to fight COVID-19 pandemic in India.
Conclusion
In conclusion, Gautam Adani’s net worth stands today at US$12.2 billion making him one of the wealthiest people in India and one of the world’s topmost business tycoons. His vast fortune comprises numerous investments across multiple sectors and expansive real estate holdings spread across cities such as Mumbai, Ahmedabad and Surat. Moreover, his involvement with multiple large corporations both within and outside the group along with his generous philanthropy makes him an admirable figure in Indian society today.