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Gautam Adani
Gautam Shantilal Adani (Gujarati: [ɡəʊt̪əm ʃãn̪t̪ilal əd̪aɳiː]) (born 24 June 1962) is an Indian billionaire businessman who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India. As of September 2025, Adani is ranked as the second richest person in India and 29th in the world, with a net worth of $64 billion. In 2022, Time magazine included him in the 100 most influential people in the world.
As a teenager, Adani moved to Mumbai in 1978 to work as a diamond sorter for Mahendra Brothers. In 1981, Adani managed his elder brother's plastic unit in Ahmedabad which was his gateway to global trading through polyvinyl chloride (PVC) imports and establishing the Adani Group in 1988.
Adani has been described as being close to India's Prime Minister Narendra Modi and to his ruling Bharatiya Janata Party government which has led to allegations of cronyism. In January 2023, the American short selling activist firm Hindenburg Research accused Adani of stock manipulation and fraud. In January 2024, the Supreme Court resolved the Adani Group stocks dispute arising from Hindenburg Research's allegations and dismissed requests for an SIT or CBI investigation. As of October 2023, Adani's fortune is estimated at $54.2 billion and ranked 23rd on the Forbes Real Time Billionaires list.
On 20 November 2024, a five-count criminal indicment by the U.S. Attorney's Office in Brooklyn, New York charged Adani and executives for five criminal counts of bribery. Adani is alleged to have paid over $250 million in bribes to Indian government officials to secure contracts in Andhra Pradesh, Chhattisgarh, Odisha, Jammu and Kashmir, and Tamil Nadu.
Adani was born on 24 June 1962 in a Gujarati Jain family to Shantilal and Shantaben Adani in Ahmedabad, Gujarat. He has seven siblings. His parents had migrated from the town of Tharad in the northern part of Gujarat. His father was a small textile merchant.
Adani was educated at Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad, but dropped out when he was 16. Adani was keen on business, but not his father's textile business.
As a teenager, Adani moved to Mumbai in 1978 to work as a diamond sorter for Mahendra Brothers. In 1981, his elder brother Mahasukhbhai Adani bought a plastics unit in Ahmedabad and invited him to manage the operations. This venture turned out to be Adani's gateway to global trading through polyvinyl chloride (PVC) imports. In 1985, he started importing primary polymers for small-scale industries. In 1988, Adani established Adani Exports, now known as Adani Enterprises, the holding company of the Adani Group. Originally, the company dealt in agricultural and power commodities. In 1991, the economic liberalisation policies turned out to be favourable for his company and he started expanding the businesses into trading of metals, textiles, and agro products.
In 2006, Adani entered the power generation business. From 2009 to 2012, he acquired Abbot Point Port in Australia and Carmichael coal mine in Queensland.
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Gautam Adani
Gautam Shantilal Adani (Gujarati: [ɡəʊt̪əm ʃãn̪t̪ilal əd̪aɳiː]) (born 24 June 1962) is an Indian billionaire businessman who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India. As of September 2025, Adani is ranked as the second richest person in India and 29th in the world, with a net worth of $64 billion. In 2022, Time magazine included him in the 100 most influential people in the world.
As a teenager, Adani moved to Mumbai in 1978 to work as a diamond sorter for Mahendra Brothers. In 1981, Adani managed his elder brother's plastic unit in Ahmedabad which was his gateway to global trading through polyvinyl chloride (PVC) imports and establishing the Adani Group in 1988.
Adani has been described as being close to India's Prime Minister Narendra Modi and to his ruling Bharatiya Janata Party government which has led to allegations of cronyism. In January 2023, the American short selling activist firm Hindenburg Research accused Adani of stock manipulation and fraud. In January 2024, the Supreme Court resolved the Adani Group stocks dispute arising from Hindenburg Research's allegations and dismissed requests for an SIT or CBI investigation. As of October 2023, Adani's fortune is estimated at $54.2 billion and ranked 23rd on the Forbes Real Time Billionaires list.
On 20 November 2024, a five-count criminal indicment by the U.S. Attorney's Office in Brooklyn, New York charged Adani and executives for five criminal counts of bribery. Adani is alleged to have paid over $250 million in bribes to Indian government officials to secure contracts in Andhra Pradesh, Chhattisgarh, Odisha, Jammu and Kashmir, and Tamil Nadu.
Adani was born on 24 June 1962 in a Gujarati Jain family to Shantilal and Shantaben Adani in Ahmedabad, Gujarat. He has seven siblings. His parents had migrated from the town of Tharad in the northern part of Gujarat. His father was a small textile merchant.
Adani was educated at Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad, but dropped out when he was 16. Adani was keen on business, but not his father's textile business.
As a teenager, Adani moved to Mumbai in 1978 to work as a diamond sorter for Mahendra Brothers. In 1981, his elder brother Mahasukhbhai Adani bought a plastics unit in Ahmedabad and invited him to manage the operations. This venture turned out to be Adani's gateway to global trading through polyvinyl chloride (PVC) imports. In 1985, he started importing primary polymers for small-scale industries. In 1988, Adani established Adani Exports, now known as Adani Enterprises, the holding company of the Adani Group. Originally, the company dealt in agricultural and power commodities. In 1991, the economic liberalisation policies turned out to be favourable for his company and he started expanding the businesses into trading of metals, textiles, and agro products.
In 2006, Adani entered the power generation business. From 2009 to 2012, he acquired Abbot Point Port in Australia and Carmichael coal mine in Queensland.
