What is Gautam Adani's Net Worth? Check Details Here!

Who is Gautam Adani?

Gautam Adani is an influential Indian billionaire industrialist, born on June 24, 1962, in Ahmedabad, Gujarat. He is the founder and chairman of the Adani Group, a multinational conglomerate 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 capitalisation exceeding $242 billion as of August 2022.

Early Life and Education

Adani was raised in a Gujarati Jain family and is the youngest of eight siblings. He attended Sheth Chimanlal Nagindas Vidyalaya in Ahmedabad and later 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 sorter before returning to Ahmedabad to help manage a plastics unit owned by his brother.

Business Career

Gautam Adani started his career in 1988 as a diamond trader and gradually expanded his business by setting up a textile unit. In same year, Gautam Adani established Adani Exports (now Adani Enterprises), which initially focused on agricultural and power commodities.

His business expanded significantly after India’s economic liberalisation in the early 1990s, allowing him to venture into various sectors, including power generation and port operations.

The Adani Group has since developed a strong presence in renewable energy, particularly solar energy, and has been instrumental in building ports and logistics infrastructure along India's coastline.

Also Read| Adani Green Energy: Why is Gautam Adani Facing Charges in US?

Gautam Adani Net Worth 2024

Adani is the 25th richest man in the world, according to the Forbes real-time Billionaires Index. Gautam Adani’s net worth today is over $57.8 billion. In a single day, Adani's net worth fell by $12.1 billion, or 17.28%. 

On November 21, 2024, Gautam Adani was indicted in New York on charges related to bribery connected to solar energy projects.  His net worth dropped due to an allegation that he paid over $250 million in bribes to Indian officials to secure lucrative contracts while misleading investors and banks.

Gautam Adani Salary and Earning Assets

Gautam Adani, the chairman of the Adani Group, received a total salary of ₹9.26 crore (approximately $1.1 million) for the fiscal year 2023-2024. This salary is notably lower than that of many of his peers and even some executives within his own conglomerate. His remuneration came primarily from two companies out of the ten in the Adani Group.

Breakdown of Salary

1. Adani Enterprises Ltd. (AEL):

• Salary: ₹2.19 crore
• Perquisites and allowances: ₹27 lakh
• Total from AEL: ₹2.46 crore (3% increase from the previous year)

2. Adani Ports and SEZ Ltd. (APSEZ):

• Salary: ₹1.8 crore
• Commission: ₹5 crore (to be paid in the next fiscal year)
• Total from APSEZ: ₹6.8 crore

Gautam Adani Net Worth Updates 

As of November 21, 2024, Gautam Adani's net worth is estimated at approximately $60.9 billion. This figure reflects a significant decline following recent legal challenges and market reactions to the indictment of Adani Group and its chairman for alleged bribery involving Indian government officials. The market value of Adani Group stocks has reportedly dropped by over ₹2.6 lakh crore (around $30 billion) in response to these developments.

Recent Changes in Net Worth

• Before Indictment: On November 20, 2024, Adani's net worth was reported at over $60 billion.
• Market Impact: Following the indictment news, his wealth saw a sharp decline, contributing to a loss of approximately $30 billion in market capitalisation for the Adani Group.

Recovery and Wealth Dynamics

Despite the recent setbacks, Gautam Adani had previously experienced a remarkable recovery in his wealth. Earlier in 2024, he added $48 billion to his fortune, bringing his total net worth to $116 billion, making him one of the highest wealth gainers among Indian tycoons. This surge was attributed to strategic business moves and a favourable market environment that significantly benefitted many of India's wealthiest individuals.

Gautam Adani Houses and Real Estate Properties 

Gautam Adani, the chairman of the Adani Group, owns an impressive portfolio of real estate properties across India and internationally. His residences reflect his status as one of the wealthiest individuals in India and showcase luxury and architectural grandeur.
Key Properties

1. Ahmedabad Residence

• Location: Near Mithakhali Crossing, Navrangpura, Ahmedabad, Gujarat.
• Description: This is Adani's primary residence, where he lives with his family. The house is surrounded by lush greenery and well-manicured lawns, providing a serene environment amidst the bustling city.

2. Lutyens Bungalow in Delhi

• Location: Near Bhagwan Das Road, Lutyens, New Delhi.
• Description: Acquired in 2020 for approximately ₹400 crore (around $54 million), this luxurious bungalow spans 25,000 square feet and is set on a 3.4-acre plot. It features seven bedrooms, six living rooms, a study, and extensive staff quarters.
• Previous Ownership: The property was purchased during bankruptcy proceedings from Aditya Estates, originally 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 region of Gurgaon, known for its affluent residents.

4. International Properties

1. Abbot Point Port, Australia

• Location: Queensland, Australia.
• Description: This deep-water port is a significant asset for Adani Group, primarily used for coal exports. It is strategically important for 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 a focal point for environmental debates. It is part of Adani's larger strategy to expand its footprint in the energy sector.

Other Global Assets

• Commercial Properties: Adani has invested in various commercial buildings and land parcels across different countries, although specific details about these properties are less publicly known.
• Energy Projects: His ventures include renewable energy projects in countries like the United States and other parts of Asia, contributing to his global presence in the energy sector.

5. Additional Assets

Gautam Adani also possesses a collection of luxury vehicles, including:

• Bombardier Challenger 650 and 350 jets.
• Augusta Westland AW 139 helicopter.
• High-end cars such as Ferrari, Lamborghini, and BMW models.

What Cars Does Gautam Adani Own?

Gautam Adani boasts an impressive collection of luxury cars, reflecting his status as one of the wealthiest individuals in India. Here’s a detailed list of some notable vehicles in his collection:

Luxury Car Collection

1. Rolls-Royce Ghost

• Price: Approximately ₹6.21 crore.
• Engine: 6.6-litre V12 twin-turbo.
• Power: 562 horsepower.
• Acceleration: 0 to 100 km/h in about 5 seconds.
• Description: Known for its opulence and high-end features, the Ghost is a symbol of luxury.

2. BMW 7 Series

• Price: Ranges from ₹1.70 crore to ₹2.42 crore depending on the variant.
• Engine: Available in various configurations, including a 3.0-litre inline-6-cylinder petrol engine.
• Power: Up to 375 horsepower.
• Description: This flagship sedan is renowned for its comfort and advanced technology.

3. Ferrari California

• Price: Approximately ₹3 crore.
• Engine: 3.8-litre twin-turbo V8.
• Power: 553 horsepower.
• Acceleration: 0 to 100 km/h in about 4 seconds.
• Description: A sporty convertible known for its performance and sleek design.

4. Range Rover 3.0 Diesel

• Price: Around ₹4 crore.
• Engine: 3000 cc inline-6 diesel engine.
• Power: 255 bhp.
• Description: A luxury SUV that combines off-road capability with high-end features.

5. Audi Q7

• Price: Approximately ₹80 lakh.
• Engine: 3.0-litre V6 TFSI petrol engine with a mild hybrid system.
• Power: 340 horsepower.
• Description: A premium SUV known for its spacious interior and advanced technology.

6. Toyota Vellfire

• Price: Around ₹95 lakh.
• Engine: 2.5-litre petrol-hybrid engine.
• Power: 115 bhp.
• Description: A luxurious MPV designed for comfort and style.

Does Gautam Adani have any or do charities?

Yes, Gautam Adani is involved in several charitable activities and philanthropy through the Adani Foundation. The foundation was established in 1996 and is focused on promoting sustainable development in rural and urban areas of India.

Some of its initiatives include education, healthcare, rural development, and environmental protection. The foundation has also been involved in providing relief during natural disasters and has implemented several projects to improve the lives of underprivileged communities in India.

Some Interesting Facts and Quotes of Gautam Adani

Interesting facts:

• Gautam Adani dropped out of school before he started his diamond business. 
• Adani became a self-made millionaire at the age of 20.
• He donates approximately 3% of his business revenue to charity. 
• He wants to work towards sustainable development and is committed to conserving the environment. 

Quotes:

• “Business is all about risk-taking and managing uncertainties and turbulence.”
• “Being an entrepreneur is my dream job, as it tests one's tenacity.”
• “Either you sit on the pile of cash, or you continue to grow.”
• “I analyze in my own way, in very simple, no-jargon language. If somebody is talking in a very complicated way, I never like that.”
• “Infrastructure sector is all about building assets for the country. It is part of nation-building.”

To sum up, Gautam Adani is among the richest people in India, with a net worth of over $57.8 billion dollars today. His hard work, tenacity, and intelligence have contributed to his massive wealth.