Gautam Adani

Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire industrialist and businessman. He founded Adani Group, a multinational company which is involved in port development and operations in India.^[1] He is the present president of Adani Foundation. As of December 2022, he had a net worth of US$138.1 billion (according to Forbes) and $133 billion (according to Bloomberg), making him the richest person in Asia and the seventh richest person in the world.^[2] Early in 2023 the value of his listed companies fell by over $100 billion after his group was accused of accounting fraud and stock price manipulation.^[3]

When Adani was a teenager went to Mumbai in 1978 to work as a diamond sorter for Mahendra Brothers.^[4] Later, he and his brother Mahasukbhai set up a PVC unit in Ahemdabad and stated global trading operations.^[5] After some time, Adani created his own company as Adani Enterprise. The company only dealt in agricultural and power commodities.^[6]

He was in the Taj Mahal Palace Hotel during the 2008 Mumbai attacks.^[7][8] In September 2020, Adani acquired a 74% stake in Mumbai International Airport.^[9]