In 2023, Gautam Adani, the founder of the Adani Group, boasts a net worth of $65.9 billion. This is a product of his immense contributions to India’s infrastructure scene. But how did he reach this impressive figure, and what are the components that make up this vast wealth?
Diving into Gautam Adani’s financial journey, one can’t help but notice the fluctuations in his net worth over time, notably within the past year. His net worth has seen a significant decrease, dropping by 45.4%. Yet, even with such a dip, his current standing in the billionaires’ club remains formidable.
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Summary of Gautam Adani Net Worth 2023
|Current Net Worth||$65.9 Billion|
|Primary Source of Wealth||Adani Group|
|Adani Enterprises Revenue 2023||$17 Billion|
|Net Worth on 09/18/22||$60.0 Billion|
|Net Worth on 09/17/23||$65.9 Billion|
Gautam Adani’s Net Worth in 2023
Gautam Adani’s current net worth stands at $65.9 billion. He can attribute a considerable portion of this to Adani Enterprises, the flagship company of the Adani Group, which reported a whopping $17 billion revenue in 2023.
Even with such impressive figures, Adani has experienced a year-to-date decrease of $54.7 billion or a 45.4% drop in his net worth. The most recent change, however, saw an increase of $220 million, marking a 0.3% rise.
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Adani’s Biggest Asset
Adani’s most significant asset lies in ADE IN Equity. This highlights his vast influence within the industrial sector, primarily in India, where he plays a pivotal role in infrastructure and energy.
Net Worth Historical Data
Tracing back to September 18, 2022, Adani had a net worth of $60.0 billion. Fast forward a year to September 17, 2023, and he has seen an increase, putting him at the current $65.9 billion mark.
Breakdown of Net Worth
To understand Adani’s wealth, one must dissect its components. His net worth comprises:
- Private Assets
- Public Assets
- Miscellaneous Liabilities
The bulk of Adani’s fortune comes from his stakes in six publicly traded companies under the Adani Group umbrella.
Adani’s Fortune Composition
Gautam Adani holds considerable stakes in six publicly traded companies, all part of the Adani Group. These include:
- Adani Enterprises (68%)
- Adani Power (67%)
- Adani Total Gas (37%)
- Adani Transmission (68%)
- Adani Ports (63%)
- Adani Green Energy (56%)
Beyond these, the Adani family, through a promoter group, holds assets and liabilities amounting to billions of dollars. Gautam Adani’s older brother, Vinod Adani, also plays a role, especially concerning the family’s stakes in Ambuja Cements Ltd. and ACC Ltd.
Milestones in Gautam Adani’s Life
- Born in 1962, Adani kickstarted his career in Mumbai as a diamond trader.
- By 1988, he established Adani Enterprises.
- A significant milestone was in 1994 when he got approval for a port in Mundra.
- In 1997, Adani faced a life-threatening ordeal when kidnapped for ransom.
- 2007 marked the trading beginning of Mundra Ports & Special Economic Zone.
- Adani narrowly escaped danger during the 2008 Mumbai terrorist attacks.
- 2009 saw the introduction of Adani Power.
- And, in 2015, Adani spun off Adani Power, Adani Ports, and Adani Transmission.
Gautam Adani’s journey from his humble beginnings to a net worth of $65.9 billion in 2023 is nothing short of inspiring. Despite the challenges and fluctuations in his wealth, Adani remains a significant figure in India’s industrial and infrastructural development.
Q: How much is Gautam Adani’s net worth in 2023?
A: Gautam Adani’s net worth in 2023 is $65.9 billion.
Q: What is the primary source of Adani’s wealth?
A: The primary source of his wealth is the Adani Group, especially Adani Enterprises.
Q: Has Adani’s net worth increased or decreased in the past year?
A: From 2022 to 2023, Adani’s net worth has increased from $60.0 billion to $65.9 billion.
Q: What was a significant milestone for Gautam Adani?
A: One notable milestone was establishing Adani Enterprises in 1988.
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