Gautam Adani
| Gautam Adani | |
|---|---|
 |
|
| Native name | ગૌતમ અદાણી |
| Born |
24 June 1962 Ahmedabad, Gujarat, India |
| Residence | Ahmedabad, Gujarat, India |
| Nationality | Indian |
| Occupation | Chairman of the Adani Group |
| Known for | Founder and chairman of the Adani Group |
| Net worth | $7.1 billion (2016) |
| Spouse(s) | Priti Adani |
| Children | Karan Adani Jeet Adani |
| Relatives | Vinod Adani (brother) |
Gautam Shantilal Adani (born 24 June 1962) is an Indian businessman who is the chairman and founder of Adani Group. According to Forbes, his personal wealth is estimated to be $7.1 billion as of September 2014. He founded The Adani Group in 1988 and today it is a globally integrated infrastructure player with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation, Agri Infrastructure, edible oil & transmission and gas distribution. With business experience of more than 33 years, Adani is an Indian entrepreneur who has led the Adani group from a modest background to create a $10.4 billion professionally managed empire in a relatively short period of time. He is a first generation entrepreneur. The Adani Group's business strategy has revolved heavily around excessive leverage and political patronage. As of 2015, they are one of India's most indebted business groups.
He has also been recognized for establishing the modern Mundra port which was selected as the best port in 2006 by Lloyds. Mundra Port is now India's largest commercial port to have achieved a new landmark of handling 100 million metric tonnes in FY 13-14.
Gautam Adani was born into a Gujarati Bania family on 24 June 1962 in the Seth ni Pol area located in Ratanpol in Ahmedabad, Gujarat, India. He is the son of Shantilal and Shanta Adani and has seven siblings. His parents had migrated from the town of Tharad in the eastern part of Gujarat India. He is married to Priti Adani who is a dentist and heads Adani Foundation as a Managing Trustee. They have two sons. He did his schooling from Sheth Chimanlal Nagindas Vidyalaya School in Ahmedabad. Later, he studied at Gujarat University but only till his second year for a bachelor's degree in Commerce.
Instead of joining his father’s textile unit in Ahmedabad, Adani moved to Mumbai at age 18 with only a few hundred rupees. He started his career working as a diamond sorter at Mahindra Brothers for 2 years and then went on to set up his own diamond brokerage business in Mumbai, India. He has claimed that he made his first million within a year, at the age of 20, a big amount during the 1980s.
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