5 Lesser-Known Facts About Gautam Adani

Gautam Adani becomes world’s 2nd richest person beats France’s Bernard Arnault as group stocks rally.

Image: Adeel Halim/Bloomberg

Update: Indian billionaire Gautam Adani on Friday briefly surpassed French business magnate Bernard Arnault to become the world’s second richest person. Adani is now just behind Tesla chief Elon Musk whose net worth stands at $273.5 billion.

By expanding the businesses of his Adani Group, Gautam Adani has today become a legend. His contributions to the development of India’s economy and infrastructure are very significant.

Here are some fascinating facts about this business legend that will raise our eyes in appreciation.

  1. A school dropout

Gautam Adani was an expelled student from the CN Vidyalaya in Ahmedabad’s commerce department. He had long been drawn to Mumbai’s booming diamond industry. Within three years, he had mastered the dirty little business secrets.

  1. An awesome visionary

Adani travelled to Gujarat’s Kandla Port while still in school. On that day, he made the decision to construct something comparable to or even larger in his own life. From that moment on, he pursued his ambition, which materialised in a larger scale.

  1. Sealed a 6,000 crore deal within 100 hours

He was able to get the Udupi Thermal Power Plant in a 6,000 crore rupee deal thanks to his exceptional negotiating abilities. It took no more than 100 hours to complete the negotiations.

  1. Gives about 3% of the Group’s earnings for philanthropic activities

3% of the revenue from the business ventures of the Adani Group is used to fund the Adani foundation. Children from low-income households can receive a free education at the Adani Vidya Mandir School in Ahmedabad.

  1. Through his port project, he realized his childhood dream

The Adani Group won the contract to privately manage Gujarat’s Mundra Port in 1995. Gautam fulfilled his childhood dream in numerous ways by turning it into the greatest private port in India.

Based on the real-time Bloomberg billionaires Index of August 30, 2022, Gautam Adani become world’s 3rd richest person. The first Asian to rank in the top three on the list is Adani. Mukesh Ambani, a fellow Indian who currently has a net worth of $92 billion, is ranked eleventh.

Gautam Adani, the Adani Group’s promoter, has allocated a portion of his multimillion dollar corporate fortune to the energy, logistics, agriculture, aerospace, and other industries. Adani is the richest man in Asia thanks to The Adani Group, a worldwide company that manages port operations and projects in India.

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