India ranks third globally in the number of billionaires, with one standout figure from Ahmedabad who occasionally outpaces even Mukesh Ambani as the nation’s wealthiest individual. This businessman also claimed the title of Asia’s richest person in 2022. Read on to discover who holds this prestigious position.
Gautam Adani: Architect of a Multinational Conglomerate
At the helm of the Adani Group stands Gautam Adani, renowned for his leadership in sectors spanning mining, natural gas, infrastructure, and more. The conglomerate, valued at approximately Rs 17 lakh crore ($213 billion), plays a pivotal role in India’s economic landscape, notably in coal-related industries.
A Wealth Profile: Net Worth and Entrepreneurial Journey
Ranked 20th on Forbes’ richest list, Gautam Adani boasts a staggering net worth of Rs 7,16,042 crore ($85.3 billion). His entrepreneurial journey began in Mumbai, where he started as a diamond sorter before returning to Ahmedabad to lead his brother’s business. In 1988, he founded Adani Enterprises, diversifying into textiles, agro-products, and metals.
Milestones and Global Expansion
In 1995, Adani established Mundra Port, now a cornerstone of India’s private sector ports. His international footprint expanded with acquisitions like Abbot Point Port and the Carmichael coal mine in Australia between 2009 and 2012. In 2020, he acquired a majority stake in Mumbai’s International Airport, marking another significant milestone.
Succession Planning: Ensuring Business Continuity
Discussing future plans, Gautam Adani emphasized the importance of succession planning. He intends to step down as Adani Group chairman in 2030, paving the way for his sons and nephews to lead the conglomerate. Adani stresses the need for an organic and systematic transition to sustain business momentum.
Luxurious Lifestyle and Investments
Beyond business, Gautam Adani invests in luxury real estate, including a notable property in New Delhi acquired for Rs 400 crore. His Ahmedabad residence, Shantivan House, is another testament to his refined taste in living spaces. Additionally, Adani owns prime real estate at Abbot Point Port in Australia, reflecting his global investment strategy.
Extravagance in Wheels and Wings
Adani’s opulent lifestyle extends to his impressive car collection, featuring vehicles like the Ferrari California and Rolls-Royce Ghost. Notably, he owns three private jets, underscoring his penchant for luxury and convenience in travel.
