Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 165 Gautam Adani $9.34B

Random fact: Elected in 2018 to self-fund controversial Australian coal mine project.

Overview

Adani is founder of Adani Group, the largest port operator in India. The Ahmedabad, India-based infrastructure group is also India's largest closely held thermal coal producer and largest coal trader. Adani Enterprises, the group's listed trading house, reported revenue of $5.9 billion in the year to March 31, 2018.

As of :
Last change +$84.1M ( +0.9%)
YTD change +$1.58B ( +20.4%)
Industry Industrial
Biggest asset ADSEZ IN Equity
Citizenship India
Age 57
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Gautam Adani's net worth of $9.34B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The bulk of Adani's fortune is derived from his 62 percent stake in Adani Ports & Special Economic Zone, which was spun off on June 4, 2015 from Adani Enterprises, the flagship company of Adani Group, the Indian conglomerate he founded. 

He owns about 75 percent each of Adani Enterprises, Adani Power, Adani Transmissions and Adani Gas. All five companies are publicly traded and based in Ahmedabad, India. The shares are held by promoter groups, which include family members and holding companies that are credited to Adani to reflect his status as founder. The amount of shares he's pledged as collateral was updated in May 2019 and this led to an increase in the calculation of about $500 million.

Adani has the largest port operator, closely held thermal coal producer and coal trader in India, according to its website.

Devendra Amin, a spokeswoman for Adani Group, declined to comment on emailed questions about the billionaire's net worth.

Biography

Birthdate: 6/24/1962
Family: Married, 2 children
Education: Gujarat University

Gautam Adani was born in the western Indian state of Gujarat. After dropping out of college as a teenager, he moved to Mumbai and worked in the diamond trade before returning to his home state.

He made his foray into global trading when he imported polyvinyl chloride, or PVC, for his brother’s plastic business. In 1988, he set up Adani Enterprises, the group's flagship company, to import and export commodities.

Adani Enterprises gained approval from the Gujarat government in 1994 to set up a harbor facility to handle its own cargo at Mundra Port. Sensing the potential in the project, Adani decided to turn it into a commercial port. He built rail and road links to it by individually negotiating with more than 500 landowners across India to create the largest port in India. Adani got into power generation in 2009.

The billionaire was held for ransom by bandits in 1997, according to his Mundra Port website. When terrorists attacked Mumbai 11 years later, Adani was among the hostages held at the seafront Taj hotel, according to the website.

Milestones
  • 1962 Gautam Adani is born in Ahmedabad, India, in the western state of Gujarat.
  • 1980 Works as a diamond trader in Mumbai.
  • 1981 Returns to Ahmedabad to help brother with his plastics factory.
  • 1988 Establishes his flagship company, Adani Enterprises.
  • 1994 Wins approval to set up a port to handle his company's cargo in Mundra.
  • 1997 Adani is kidnapped and held hostage for ransom.
  • 2007 Mundra Ports & Special Economic Zone begins trading in India.
  • 2008 Escapes danger at Mumbai's Taj hotel when it's attacked by terrorists.
  • 2009 Adani Power begins trading in India.
  • 2015 Spins off Adani Power, Adani Ports and Adani Transmission.