Gautam Adani net worth
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As the mastermind behind the Adani Group, a multinational conglomerate with a diverse portfolio, Gautam Adani’s financial trajectory has been nothing short of remarkable. His ventures span port development, power generation, green energy, and more, earning him a reputation as a successful industrialist.

Business 2 Business has carried out an investigation to dig deeper into the source of the industrial magnate’s wealth, and has traced it from a peak of $150 billion last year to its current standing of around $50 billion.

At the peak of his prosperity, Adani was praised as one of the wealthiest people in the world. However, Adani’s financial standing has weathered its share of storms, especially recent allegations of financial misconduct that have cast a shadow over his net worth, pulling Gautam Adani’s net worth down by $90 billion to where it is now, $50.4 billion.

The Man Behind the Billions: Who is Gautam Adani?

Gautam Adani was born on June 24, 1962, in Gujarat, India. As the mastermind behind the Adani Group, he has played a pivotal role in shaping India’s infrastructure landscape. With interests in port development, power generation, green energy, and more, the Adani Group has become a formidable player in the global arena.

Gautam Adani Net Worth Breakdown

Source of Income Contribution to Net Worth
Adani Group $50.32 Billion
Adani Enterprises Limited $12.19 Billion
APSEZ $10.3 Billion
Adani Transmission Limited $8.39 Billion
Adani Green Energy Limited $8.13 Billion
Adani Power $7.29 Billion
Adani Total Gas $4.02 Billion
Personal Assets $85.7 Million
Adani Mansion $48.95 Million
Personal Jets $35.9 Million
Car Collection $853,000
Total Net Worth $50.4 Billion

Gautam Adani’s net worth is a complex tapestry woven from various sources of wealth. Each thread represents a different facet of his business empire, contributing to his overall financial picture.

A significant portion of Gautam Adani’s financial assets is derived from his substantial ownership in various companies within the Adani Group. Beyond his equity holdings, Adani’s possession of an impressive collection of aviation assets and luxury automobiles, and a mansion complements his diverse portfolio of wealth.

Adani Entreprises Limited – $12.19 billion

A substantial portion of Gautam Adani’s financial assets is attributed to his ownership of a 75% stake in Adani Enterprises Limited.

The company’s primary focus is on the management of integrated resources, engagement in power trading, and involvement in the natural resources sector. Functioning as an internal incubator, Adani Enterprises Limited oversees the development of India’s most valuable startup ventures within the Adani Group, providing support until they achieve self-sufficiency.

As an Indian multinational holding company and a key component of the Adani Group, Adani Enterprises Limited is actively engaged in the extraction and commerce of coal and iron ore. The company’s diverse portfolio extends beyond mining, with subsidiaries that operate in various sectors, including airport management, edible oil production, infrastructure development for roads, railways, and waterways, data center operations, and solar manufacturing, among others.

Adani Ports and Special Economic Zone Limited (APSEZ) – $10.3 Billion

Adani holds a 62% stake in APSEZ. Operating under the name Adani Ports and Special Economic Zone Limited, the enterprise is renowned for its expertise in port operations and logistics management.

As India’s premier private port operator, APSEZ operates 12 strategically located ports and terminals. APSEZ is one of the most valuable entities within the Adani Group’s diverse portfolio.

Adani Transmission Limited- $8.39 Billion

Adani Transmission is the most extensive private sector entity engaged in power transmission within India’s borders. Its network encompasses a cumulative total of 12,200 circuit kilometers, with an additional 3,200 circuit kilometers presently undergoing various phases of development.

The founding of Adani Transmission can be traced back to December 2015, when the company was established by Gautam Adani as an independent entity, following the segregation of the long-standing transmission business from Adani Enterprises.

Gautam Adani’s financial stake in Adani Transmission is substantial, with ownership amounting to 70% of the company.

Adani Green Energy Limited – $8.13 Billion

Adani Green Energy Limited (AGEL) stands as a prominent player in the renewable energy sector. As a subsidiary of the renowned Indian conglomerate, Adani Group, AGEL has made its mark in the industry through the operation of the Kamuthi Solar Power Project—one of the world’s most extensive solar photovoltaic installations.

Gautam Adani, through the Adani Group, holds a 51% stake in AGEL.

Adani Power – $7.29 Billion

Adani Power is a major energy company with a generation capacity of 12,450 MW and a 40 MW solar plant. Adani holds a 75% stake in the company. The company manages a private thermal power producer with a generation capacity of 12,450 MW. Additionally, Adani Power operates a solar plant with a capacity of 40 MW, located in Naliya, Bitta, Kutch, Gujarat.

The company has signed long-term power purchase agreements which collectively amount to approximately 9,153 MW. These agreements have been established with the governments of several Indian states, including Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab.

Adani Total Gas – $4.02 billion

Adani Total Gas provides natural gas to industrial and residential customers. The company delivers its services through an extensive network of piped natural gas connections and compressed natural gas stations.

Adani has a 35% stake in the company, which is a joint venture with French energy company TotalEnergies.

Personal Assets

In addition to his business ventures, Adani’s wealth includes luxury assets such as a mansion, personal jets, and a car collection.

Adani Mansion – $48.95 Million

Complementing Gautam Adani’s lavish lifestyle is his grand residence, the Adani mansion, which is reported by Livemint to be worth a staggering $48.95 million. Located in the upscale Mandi House neighborhood of New Delhi, the mansion spans 3.4 acres.

Personal Jets – $35.9 Million

Gautam Adani’s inclination to luxury is evident in his collection of business jets as well. His aviation fleet includes a Bombardier Challenger 605, valued at $14.3 million, the Embraer Legacy 650, boasting a price tag of $18.9 million, and the Hawker Beechcraft 850XP, worth $2.7 million

Car Collection – $853,000

Adani’s affinity for extravagance extends to his automotive collection, which features an array of high-end vehicles. Among the prized possessions in his garage are the Range Rover LWB, worth $183,500, and the BMW 7 series priced at $208,000. The Rolls-Royce Ghost, priced at $340,500, embodies luxury and refinement, while the 2008 Ferrari California, worth $121,000, adds a touch of sporty flair to Adani’s diverse car collection.

A Diamond in the Rough: The Early Years

Gautam Adani’s journey began as a diamond sorter for Mahendra Brothers. He then made the decision to manage a plastics unit offered by his brother, Mahasukhbhai Adani, which marked the true beginning of his entrepreneurial adventure.

Later on, Adani ventured into global trading, diversifying into textiles, metals, and agricultural products. His business sense and negotiating skills propelled him to new heights, culminating in the contract for Mundra Port in 1995.

Allegations and Controversy

In January 2023, Hindenburg Research, a US-based firm, accused Adani and his companies of financial fraud and stock market manipulation. The allegations led to a precipitous decline in Adani’s wealth. Gautam Adani’s net worth tumbled by over $90 billion, and he was unseated as the world’s wealthiest Asian person while losing his #3 wealthiest person in the world status.

Adani Group denied any wrongdoing. The company’s chief financial officer, Jugeshinder Singh, dismissed the report as containing “selective misinformation and stale, baseless and discredited allegations.”

Despite facing allegations and controversies, Gautam Adani’s net worth remains substantil. As of March 2023, he is the 24th richest person in the world, according to the Forbes Real Time Billionaire list.

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