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Home Person of the Month

Gautam Adani – Person of the Month

admin by admin
December 17, 2022
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Gautam Adani - Person of the Month
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Gautam Adani – Person of the Month

Gautam Adani

Indian industrialist Gautam Shantilal Adani is a multibillionaire and the founder and chairman of the Adani Group which is a large corporation with offices in Ahmedabad. It builds and manages ports across India. Also, Gautam Adani works as the head of the Adani Foundation, which is generally managed by his wife, Priti Adani.

According to Forbes and Bloomberg, as of November 2022, Adani has a net worth of $138.1 billion and $133 billion, respectively. At present, he is the third richest person in the world and the richest person in Asia.

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Quick Facts:

Name: Gautam Shantilal Adani

Zodiac Sign: Cancer

Nationality: Indian

Net Worth: $138.1 billion (December, 2022)

Education: Sheth Chimanlal Nagindas Vidyalaya, bachelor’s degree in commerce at Gujarat University (dropped out in second year)

Occupation: Businessman, Industrialist

Designation: Chairman and Founder of Adani Group

Date of Birth: 24 June, 1962

Age: 60

Place of Birth: Ahmedabad, Gujarat

Marital Status: Married

Spouse’s Name: Priti Adani

Children: 2 sons, Karan Adani & Jeet Adani

Spoken Languages: English, Hindi & Gujrati

Adani Net Worth

Adani established India’s largest port operator the Adani Group. The infrastructure company is the country’s largest privately held thermal coal producer and trader. The group’s publicly traded trading company, Adani Enterprises, reported $9.3 billion in sales for the fiscal year ended March 31, 2022. According to Forbes, his current net worth in December 2022 is $ 138 billion, or approximately INR 10.94 lakh crores.

In an effort to join the elite group of companies with USD 1 trillion in market capitalization, Gautam Adani’s organisation will invest more than USD 150 billion in industries ranging from healthcare, green energy to airports, and data centres. Over the next 5-10 years, the group intends to invest USD 50-70 billion in green hydrogen and another USD 23 billion in green energy.

It intends to spend $7 billion on electricity transmission, $12 billion on utilities for transportation, and $5 billion on road projects. It plans to invest USD 6.5 billion in data centres with cloud services in collaboration with Edge ConneX, and another USD 9-10 billion in airports, where it is already the largest private operator. With the acquisition of ACC and Ambuja Cement, it invested USD 10 billion in the cement sector.

Adani Takeovers

In recent times, Adani Group under the leadership of Gautam Adani made a number of acquisitions which are as follows.

SB Energy Holdings Ltd.

A subsidiary of the Adani Group, Adani Green Energy Ltd. (AGEL), completed the acquisition of SB Energy Holdings Ltd. (SB Energy India) in October 2021 in an all-cash deal valued at $3.5 billion, just days after Adani Group Chairman Gautam Adani announced that the Group will invest $20 billion over the next ten years in the renewable energy generation space. The nation’s largest acquisition in the field of renewable energy occurred with this transaction.

Ambuja Cements Ltd. and ACC Ltd.

With the help of the Swiss company Holcim, the Adani Group paid $6.4 billion in cash in September 2022 to purchase a majority ownership of 63.1% in Ambuja Cements Ltd. and a 54.5% stake in ACC Ltd. The Adani Group’s largest acquisition to date, as well as the largest merger and acquisition deal in India’s infrastructure and materials sector, were both completed with this acquisition. The second-largest cement manufacturer in India is now Adani as a result of this purchase.

Kohinoor

The Adani Group company Adani Wilmar Ltd., which manufactures kitchen necessities, has purchased the Kohinoor brand from McCormick Switzerland. Adani Wilmar Ltd. now has sole ownership of the basmati rice and ready-to-eat segments of Kohinoor in India as a result of this transaction. The price of this transaction is still secret.

SPPL and EREPL

Adani Power Ltd., a division of the Group, bought all of the stock in the infrastructure development firms Support Properties Pvt. Ltd. (SPPL) and Eternus Real Estate Pvt. Ltd. (EREPL) from each stakeholder on June 7, 2022. This acquisition cost 609 crore rupees.

Adani NDTV Deal

Adani bought a 29.2 percent share in NDTV in the first week of December 2022 by purchasing a company supported by the television network’s founders, Radhika Roy and Prannoy Roy, who own 32.3 percent of NDTV. Through an open offer, the group increased its stake in New Delhi Television Ltd (NDTV) to more than 37 percent, making it the largest stakeholder of one of the country’s most popular news networks.

Personal Life

Priti Adani is the wife of Gautam Adani. They have two sons Karan Adani and Jeet Adani. In 1998, he was kidnapped and kept as a hostage for a ransom, but he was freed without receiving the money. When the Mumbai attacks of 2008 occurred, he was at the Taj Mahal Palace Hotel.

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