Adani Net Worth 2024 Update: Gautam Adani is a famous Indian businessman. He ranked 25th on Forbes’ Billionaires List with a net worth of more than 57.8 billion USD.
Who is Gautam Adani?
Gautam Adani is an influential Indian billionaire industrialist, born on 24 June 1962 in Ahmedabad, Gujarat. He is the founder and chairman of the Adani Group, a multinational corporation that operates across various sectors, including energy, logistics, agribusiness and infrastructure. Under his leadership, the Adani Group has become one of India’s largest industrial conglomerates, with a market capitalization exceeding $242 billion as of August 2022.
Early life and education
Adani grew up in a Gujarati Jain family and is the youngest of eight siblings. He studied at Sheth Chimanlal Nagindas Vidyalaya in Ahmedabad and then enrolled at Gujarat University for a bachelor’s degree in commerce but dropped out after two years to pursue business opportunities. In 1978, he moved to Mumbai to work as a diamond grader before returning to Ahmedabad to help manage a plastics unit owned by his brother.
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Business career
Gautam Adani started his career in 1988 as a diamond trader and gradually expanded his business by setting up a textile unit. That same year, Gautam Adani founded Adani Exports (now Adani Enterprises), initially focusing on agricultural and energy commodities.
His business expanded significantly after India’s economic liberalization in the early 1990s, allowing him to invest in a variety of sectors, including power generation and port operations. Adani Group has since developed a strong presence in the renewable energy sector, especially solar energy, and played a key role in building ports and logistics infrastructure along Indian coast.
| Gautam Adani | |
| Net worth: | 57.8 billion USD |
| Date of birth: | June 24, 1962 |
| Year old: | 60 |
| Height: | 1.67 m or 5′ 6” |
| Nationality: | Indian |
Gautam Adani Net Worth 2024
Adani is the 25th richest person in the world, according to the Forbes Real-Time Billionaires Index. Gautam Adani’s net worth today is over $57.8 billion. In just one day, Adani’s net worth dropped by $12.1 billion, or 17.28%.
On November 21, 2024, Gautam Adani was indicted in New York on charges related to bribery related to solar energy projects. His net worth fell amid allegations that he paid more than $250 million in bribes to Indian officials to secure lucrative contracts and mislead investors and banks.
Gautam Adani’s earning assets and salary
Gautam Adani, chairman of the Adani Group, receives a total salary of ₹9.26 crore (about $1.1 million) for the financial year 2023-2024. This salary is significantly lower than many of his colleagues and even some executives in his own corporation. His remuneration comes mainly from two of the ten companies under the Adani Group.
Salary analysis
1. Adani Enterprises Company Limited (AEL):
- Salary: ₹ 2.19 crore
- Benefits and allowances: ₹27 lakh
- Total from AEL: ₹2.46 crore (up 3% over previous year)
2. Adani Port and SEZ Company Limited (APSEZ):
- Salary: ₹ 1.8 crore
- Commission: ₹ 5 crore (to be paid in the next financial year)
- Total from APSEZ: ₹6.8 crore
Gautam Adani Net Worth Update
As of November 21, 2024, Gautam Adani’s net worth is estimated to be around $60.9 billion. The figure reflects a significant decline following recent legal challenges and market reaction to the indictment of Adani Group and its chairman for bribery allegations involving key officials Indian government. The market value of Adani Group shares is said to have fallen by over ₹2.6 lakh crore (about $30 billion) in the wake of these developments.
Recent changes in net worth
Before the indictment: On November 20, 2024, Adani’s net worth was reported to be more than $60 billion. Market impact: After news of the indictment, his assets plummeted, contributing to Adani Group losing about $30 billion in market capitalization.
Motivation for recovery and wealth
Despite recent setbacks, Gautam Adani has previously seen a remarkable recovery in his fortune. Previously in 2024, he added another $48 billion to his fortune, bringing his total net worth to $116 billion, making him one of the wealthiest among tycoons. India. This increase is due to strategic business moves and a favorable market environment that has significantly benefited many of India’s wealthiest individuals.
Gautam Adani House and Real Estate
Gautam Adani, chairman of the Adani Group, owns an impressive real estate portfolio across India and internationally. His residences reflect his status as one of the wealthiest individuals in India and display opulence and architectural grandeur.Key Properties
1. Ahmedabad Residential Area
- Location: Near Mithakhali intersection, Navrangpura, Ahmedabad, Gujarat.
- Description: This is Adani’s main residence, where he lives with his family. The house is surrounded by lush greenery and manicured lawns, providing a peaceful environment amidst the bustling city.
2. Lutyens Bungalow in Delhi
- Location: Near Bhagwan Das Road, Lutyens, New Delhi.
- Description: Acquired in 2020 for around ₹400 crore (about $54 million), this luxury bungalow is 25,000 square feet and is located on 3.4 acres of land. It has seven bedrooms, six living rooms, a study and spacious staff quarters.
- Previous ownership: Assets purchased during bankruptcy from Aditya Estates, initially valued at ₹1,000 crore.
3. Gurgaon Property
- Location: Sector 32, Gurgaon.
- Description: This property adds to Adani’s real estate portfolio in the upscale area of Gurgaon, popular with its affluent residents.
4. International assets
1. Abbot Point Port, Australia
- Location: Queensland, Australia.
- Description: This deep-water port is an important asset of the Adani Group, mainly used for coal exports. It is of strategic importance to the company’s operations in the energy sector.
2. Carmichael Coal Mine, Australia
- Location: Galilee Basin, Queensland.
- Description: This controversial coal mining project has been at the center of environmental debate. This is part of Adani’s larger strategy to expand its footprint in the energy sector.
Other global assets
- Commercial assets: Adani has invested in numerous commercial buildings and land parcels in various countries, although specific details about these assets are less public.
- Energy Projects: His venture capital projects include renewable energy projects in countries such as the United States and other parts of Asia, contributing to his global presence in the energy sector.
5. Additional assets
Gautam Adani also owns a luxury car collection including:
- Bombardier Challenger 650 and 350 jets.
- Augusta Westland AW 139 helicopter.
- High-end car models such as Ferrari, Lamborghini, BMW.
What cars does Gautam Adani own?
Gautam Adani boasts an impressive luxury car collection, reflecting his status as one of India’s wealthiest individuals. Below is a detailed list of some notable cars in his collection:
Luxury car collection
1. Rolls-Royce Ghost
- Price: Around ₹6.21 crore.
- Engine: twin-turbo V12, 6.6 liter capacity.
- Capacity: 562 horsepower.
- Acceleration: 0 to 100 km/h in about 5 seconds.
- Description: Known for its luxury and premium features, Ghost is the epitome of luxury.
2. BMW 7 series
- Price: Ranges from ₹ 1.70 crore to ₹ 2.42 crore depending on the variant.
- Engine: Available in a variety of configurations, including a 3.0-liter inline 6-cylinder gasoline engine.
- Capacity: Up to 375 horsepower.
- Description: This flagship sedan is known for its comfort and advanced technology.
3. Ferrari California
- Price: About 3 billion VND.
- Engine: Twin turbocharged V8, 3.8 liter capacity.
- Capacity: 553 horsepower.
- Acceleration: 0 to 100 km/h in about 4 seconds.
- Description: A sports convertible known for its performance and beautiful design.
4. Range Rover 3.0 Diesel
- Price: About 4 billion VND.
- Engine: 3000 cc inline-6 diesel engine.
- Capacity: 255 horsepower.
- Description: A luxury SUV that combines off-road capabilities with premium features.
5. Audi Q7
- Price: About 80 million VND.
- Engine: 3.0 liter V6 TFSI petrol engine with mild hybrid system.
- Capacity: 340 horsepower.
- Description: A premium SUV known for its spacious interior and advanced technology.
6. Toyota Vellfire
- Price: About 95 million VND.
- Engine: 2.5 liter gasoline-hybrid engine.
- Capacity: 115 horsepower.
- Description: A luxury MPV designed for comfort and style.
Does Gautam Adani have any charities?
Yes, Gautam Adani is involved in several philanthropic activities and philanthropic activities through the Adani Foundation. The Foundation was established in 1996 and focuses on promoting sustainable development in urban and rural areas of India. Some of the initiatives of this organization include education, health, rural development and environmental protection. The foundation also participates in relief during natural disasters and carries out several projects aimed at improving the lives of disadvantaged communities in India.
Some interesting facts and quotes of Gautam Adani
Interesting facts:
- Gautam Adani dropped out of school before starting the diamond business.
- Adani became a self-made millionaire at the age of 20.
- He donates about 3% of his business revenue to charity.
- He wants to work towards sustainable development and is committed to protecting the environment.
Quote:
- “Business is about taking risks and managing uncertainty and chaos.”
- “Becoming an entrepreneur is my dream job because it challenges one’s perseverance.”
- “Either you sit on a pile of cash, or you keep growing.”
- “I analyze in my own way, in very simple language, without jargon. If someone talks in a very complicated way, I never like that.”
- “The infrastructure sector is about building assets for the country. That is part of nation building.”
In short, Gautam Adani is one of India’s richest people, with a net worth of over $57.8 billion today. His hard work, perseverance and intelligence contributed to his enormous wealth.
