Gautam Adani: (CEO and founder of Adani Group)
One of the richest persons in the world and a billionaire industrialist from India is Gautam Adani. He established the Adani Group and serves as its chairman. Its main office is in Ahmedabad, Gujarat, India. Preeti Adani, the wife of Gautam Adani, is the CEO of the Adani Group, an Indian multinational company that also runs the Adani Foundation.
He is a first-generation businessman who is renowned for advancing growth via nation-building. On June 17, 2021, a sharp decline in the price of Adani Group shares caused him to lose his ranking as Asia's second richest man.
Birth and Early
Life of Gautam Adani
He was born on June 24, 1962, in the Gujarati city of Ahmedabad
to a middle-class Jain family. His mother is Shanti Adani, while his father is
Shantilal. Mansukhbhai Adani is the oldest of his seven siblings. The family
left the northern Gujarati city of Surat in quest of work. His father had a
little textile shop.
Gautam Adani Education
You may be thinking that since there are so many successful
businesspeople, they must have attended reputable universities and schools. But
aside from that, Gautam Adani attended Seth Chimanlal Nagidas School for his
elementary schooling. He then began his studies at Gujarat University to earn
his degree in commerce. But for some reason, he was unable to finish his graduation
and left in the middle. After that, he traveled to Mumbai to help the family's
finances. He barely had Rs. 100 in his pocket when he arrived in Mumbai.
Story of Gautam Adani's business life
Although Gautam Adani had a natural affinity for business, he
never took over his father's textile company. Watch to see how he grows his
company and becomes one of the wealthiest individuals. Let's learn about their
enterprise.
Starting with a diamond brokerage firm
He relocated to Mumbai in 1978 when he was a youngster and began
working for Mahendra Brothers as a diamond picker. After working there for two
to three years, he then opened his own diamond brokerage business in Mumbai's
Jhaveri Bazar.
Import
of Polyvinyl Chloride (PVC).
Older brother Mansukhbhai Adani bought a plastics manufacturing
facility in Ahmedabad in 1981, and he urged Gautam to co-manage the company.
Through the import of polyvinyl chloride (PVC), his business became Adani's
entry point into the world of commerce.
Launch
of Adani Exports
Gautam began importing raw polymers for small-scale companies
later in 1985. In 1988, after starting a business, he created Adani Exports.
The business sells items for agriculture and power. The holding company for the
Adani Group, formerly known as Adani Exports, is now known as Adani
Enterprises.
Gautam Adani Net Worth 2022
Forbes estimates that
the Gautam Adani family's net wealth as of June 9, 2021, or 56,89,196,900.00
INR (5.68 billion), will be roughly 78.6 billion USD.
However, over the past
few weeks, the company has seen a significant decline in its share price, and
even its net worth has decreased to $62.3 billion, or 4.62 billion Indian
rupees.
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