Gautam Adani

Adani, the wealthiest man in Asia, told Forbes in 2010 he hoped to to “be remembered as someone who created unique infrastructure for India and contributed ...

The billionaire is reticent to speak on the incident, but [told](https://www.ft.com/content/ffce04fe-d295-11e2-aac2-00144feab7de) the Financial Times in 2013 the kidnapping was one of “two or three very unfortunate incidents” in his life. [according](https://www.timesnownews.com/business-economy/companies/article/throwback-when-indias-fifth-richest-man-survived-a-kidnapping-and-terrorist-attack/606122) to the Indian publication Times Now. His wife Priti Adani chairs the family’s charitable Adani Foundation, which focuses on developing healthcare and education systems in India’s rural regions. Several of Adani’s companies were included in Forbes’ [ranking](https://www.forbes.com/lists/global2000/?sh=2cbe1e5b5ac0) of the 2,000 largest publicly traded companies in the world earlier this year: holding company Adani Enterprises, transportation giant Adani Ports & Special Economic Zone, renewable energy provider Adani Green Energy, utility company Adani Transmission and natural gas giant Adani Total Gas. Adani [moved ahead](https://www.forbes.com/sites/kerryadolan/2022/07/15/indias-gautam-adani-is-now-worlds-fourth-richest-following-bill-gates-new-big-gift/?sh=33b492203b84) of Bill Gates in July and [overtook](https://www.forbes.com/sites/gloriaharaito/2022/09/14/indian-billionaire-gautam-adani-briefly-becomes-the-worlds-third-richest-person/?sh=78a4ae3d500a) Bezos as the third-richest man earlier this week. In 1997 he was abducted at gunpoint for a ransom of $1.5 million before being released, I could never take orders from anyone,” Adani told Forbes in 2010. [Indian Billionaire Gautam Adani Becomes Asia’s Richest Person](https://www.forbes.com/sites/aayushipratap/2022/02/03/indian-billionaire-gautam-adani-becomes-asias-richest-person/?sh=4574697e4d92) (Forbes) [India’s Gautam Adani Is Now Richest Asian Billionaire Ever As Fortune Jumps Past $100 Billion](https://www.forbes.com/sites/jemimamcevoy/2022/04/11/indias-gautam-adani-is-now-richest-asian-billionaire-ever-as-fortune-jumps-past-100-billion/?sh=522672cf5926) (Forbes) “Being an entrepreneur is my dream job as it tests one's tenacity. [how much](https://www.forbes.com/sites/gloriaharaito/2022/06/24/asias-richest-billionaire-gautam-adani-pledges-77-billion-for-charity/?sh=43b8ea946db8) Adani pledged to give away to charity on his 60th birthday in June. Adani’s wealth [surpassed](https://www.forbes.com/sites/jemimamcevoy/2022/04/11/indias-gautam-adani-is-now-richest-asian-billionaire-ever-as-fortune-jumps-past-100-billion/?sh=7c9474bb5926) $100 billion in April, and he [rocketed past](https://www.forbes.com/sites/chasewithorn/2022/04/23/indias-gautam-adani-passes-warren-buffett-to-become-worlds-5th-richest-person/?sh=12147ee83550) American investor Warren Buffet later that month to become the fifth-wealthiest person in the world. [became](https://www.forbes.com/sites/aayushipratap/2022/02/03/indian-billionaire-gautam-adani-becomes-asias-richest-person/?sh=4574697e4d92) the wealthiest person in Asia in February as the share prices of Adani Group’s numerous Indian-listed companies exploded.

Meet Gautam Adani. His $152.2 billion fortune makes him richer than the Amazon founder but not as rich as Elon Musk.

As chair of the Adani Group, a multinational conglomerate, Adani’s portfolio of companies and investments spans coal mining, data centers, airports and renewable energy. 3, ahead of Bezos, by the afternoon. The shake-up didn’t end there, however, Adani fell to No.

NEW YORK: Indian tycoon Gautam Adani has surpassed Amazon founder Jeff Bezos as the world's second richest man, making him his country's first person to ...

Bezos's net worth, meanwhile, dropped to US$145.8 billion at last count as a renewed selloff in the shares of Big Tech companies on Wall Street hammered the fortunes of the richest Americans in the sector. Some of Adani's group companies have also climbed more than 1,000 per cent in value since 2020, the report added. News service Bloomberg, which published the billionaires' index, reported that Adani's worth climbed after shares of his flagship Adani Enterprises Ltd.

Adani, whose fortune totals an estimated $146.8 billion, is the first person from Asia to rank in the top three of Bloomberg's Billionaire Index.

[Adani Group](https://www.adani.com/about-us/one-vision-one-team/gautam-adani) in industries like energy, mining, airports and defense. 6 on the list — has already donated more than $30 billion to the Gates Foundation, according to the AP. The founder and chairman of the Adani Group industrial conglomerate in India has seen significant and rapid growth in his wealth this year, surpassing fellow Indian businessman Mukesh Ambani, Bill Gates and Warren Buffet on the index. 5 on the list — pledged $20 billion to the Bill and Melinda Gates Foundation, the Associated Press reported. 1 richest person in the world with an estimated $263.9 billion. Elon Musk remains the No.

NEW YORK: Indian tycoon Gautam Adani has surpassed Amazon founder Jeff Bezos as the world's second richest man, making him his country's first person ...

Bezos’s net worth, meanwhile, dropped to US$145.8 billion at last count as a renewed selloff in the shares of Big Tech companies on Wall Street hammered the fortunes of the richest Americans in the sector. Some of Adani’s group companies have also climbed more than 1,000 per cent in value since 2020, the report added. News service Bloomberg, which published the billionaires’ index, reported that Adani’s worth climbed after shares of his flagship Adani Enterprises Ltd.

“What makes cement an exciting business is headroom for growth in India which exceeds that of every other country well beyond 2050. Cement is a game of ...

More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Barclays Bank, DBS Bank, Deutsche Bank, MUFG Bank, and Standard Chartered Bank acted as mandated lead arrangers and bookrunners to the transaction. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Barclays Bank, Deutsche Bank AG, and Standard Chartered Bank acted as original mandated lead arrangers and bookrunners to the transaction. In addition, our position as one of the largest renewable energy [companies](/companies)in the world will help us manufacture premium quality green cement well in line with the principles of a circular economy. [What UltraTech and JSW Cement plan to do after losing Holcim deal to Adani](/article/companies/what-ultratech-and-jsw-cement-plan-to-do-after-losing-holcim-deal-to-adani-122051601245_1.html) [Ambuja-ACC deal: Cost synergies seem to justify premium deal valuation](/article/companies/ambuja-acc-deal-cost-synergies-seem-to-justify-premium-deal-valuation-122051601285_1.html) [Adani-Holcim deal may trigger consolidation in cement industry: Experts](/article/companies/adani-holcim-deal-may-trigger-consolidation-in-cement-industry-experts-122051601192_1.html) [No capital gains tax on Ambuja, ACC sale to Adani Group: Holcim CEO](/article/companies/no-capital-gains-tax-on-ambuja-acc-sale-to-adani-group-holcim-ceo-122051601116_1.html) [ACC, Ambuja to ramp up capacity as Adani vies with UltraTech for top slot](/article/companies/acc-ambuja-to-ramp-up-capacity-as-adani-vies-with-ultratech-for-top-slot-122051601106_1.html) [Adani group](/topic/adani-group)promoter entity, to raise an additional Rs 20,000 crore. Each one of these capabilities is a core business for us and therefore, provides our cement business a set of unmatched adjacencies,” said Gautam Adani, chairman of the [Adani group](/topic/adani-group). The MD and CEO of ACC Sridhar Balakrishnan was re-designated as whole time director and CEO. Cement is a game of economics dependent on energy costs, logistics and distribution costs, and the ability to leverage a digital platform to transform production, as well as gain significant supply chain efficiencies. All of these dimensions put us on track to become the largest and most efficient manufacturer of cement by no later than 2030,” Adani said.

Cement maker ACC Ltd said on Friday that Karan Adani, son of India's richest man Gautam Adani, was named chairman of its board, as the Adani conglomerate ...

[read more](/business/adani-group-acquire-holcims-india-business-639-billion-2022-05-15/) Register now for FREE unlimited access to Reuters.com [(APSE.NS)](https://www.reuters.com/companies/APSE.NS), became the chairman effective Friday, ACC said in a statement. [(NDTV.NS)](https://www.reuters.com/companies/NDTV.NS), a move the news group is contesting. [(RELI.NS)](https://www.reuters.com/companies/RELI.NS) chairman Mukesh Ambani, whose net worth is pegged at $91.6 billion by Forbes. [(HOLN.S)](https://www.reuters.com/companies/HOLN.S) cement businesses in India - Ambuja Cements Ltd [(ABUJ.NS)](https://www.reuters.com/companies/ABUJ.NS) and ACC Ltd.

Karan will also be a non-executive director at Ambuja Cements; Holcim's representatives have quit the boards. Currently, Karan Adani is the CEO of Adani ...

Ambuja Cements and ACC, on the other hand, currently have a combined installed production capacity of 67.5 mtpa. In addition, our position as one of the largest renewable energy companies in the world will help us manufacture premium quality green cement well in line with the principles of a circular economy. Karan will also be a non-executive director at Ambuja Cements; Holcim's representatives have quit the boards.

Ambuja Cement Ltd., a company Adani Group acquired in May, will issue 477.48 million warrants to Harmonia Trade and Investment Ltd. -- a company linked to the ...

Adani Group chairman Gautam Adani surpassed LVMH chairman and CEO Bernard Arnault Friday and is now the world's second-richest person with a net worth of ...

Renewable energy is another big play: Adani’s utility firm Adani New Industries has announced it will invest more than [$50 billion](https://www.forbes.com/sites/yessarrosendar/2022/06/14/billionaire-gautam-adani-teams-up-with-totalenergies-and-will-invest-50-billion-for-green-hydrogen-push/?sh=6826d7147567) in developing green energy over the next 10 years. Tesla CEO [Elon Musk](https://protect-us.mimecast.com/s/oZglCDkwn3sgMJZkcl-S_N?domain=forbes.com) remains the world’s richest person with a net worth of $273.5 billion. Renewable energy firm Adani Green Energy also saw its share nearly doubling in the past year to 2,343.05 rupees ($29.2). Adani Group’s AMG Media Networks (AMNL) In this deal, Adani Group will acquire shares in two listed cement companies-a 63.11% stake in Ambuja Cement and a 54.53% stake in ACC. Shares of of his Adani Power have soared threefold in the past year to 398.4 rupees ($4.9) in response to the rising demand for electricity. [bought](https://www.forbes.com/sites/jonathanburgos/2022/08/24/asias-richest-man-gautam-adani-seeks-majority-stake-in-indias-ndtv/?sh=25b54bdf7276) Vishvapradhan Commercial for 1.14 billion rupees ($14.3 million), giving it a 29.2% stake in NDTV. Adani became Asia’s richest person in [Holcim Group](https://www.forbes.com/sites/simranvaswani/2022/05/16/adani-group-to-acquire-holcims-india-business-in-105-billion-deal/?sh=c06bb3970046). These transactions, for which open offers were concluded last week, would make Adani India’s second-biggest cement producer. Arnault, whose fortune is $300 million behind Adani's at $155.2 billion, slipped to No.3. [Gautam Adani](https://protect-us.mimecast.com/s/agSjCyPpgLf9J23RcZ-EvI?domain=forbes.com) surpassed LVMH chairman and CEO [Bernard Arnault](https://protect-us.mimecast.com/s/hanWCzpqjMfJnwzAUXiRFF?domain=forbes.com) Friday and is now the world's second-richest person with a net worth of $155.5 billion on [Forbes’ Real-Time billionaire rankings](https://protect-us.mimecast.com/s/_1nPCAD8k3t7Vl5zF9X2vU?domain=forbes.com), increasing $5.2 billion or 3.49% from yesterday.

Jeff Bezos' net worth has declined $45.5 billion so far this year while Gautam Adani's wealth has jumped by $70.3 billion, data from Bloomberg showed.

Ambani has been ranked tenth on the list with net worth of $88.7 billion. Post the transaction, Adani will hold 63.15 per cent stake in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements). Adani has net worth of $147 billion and is next to the world's richest person and Tesla's founder Elon Musk who has net worth of $264 billion.

Ambuja Cements will seek shareholders' approval for the appointment of Gautam Adani and others on the board and a ₹20000 cash infusion in the company ...

Karan Adani, the elder son of world's third-richest man Gautam Adani, is set to oversee the family's scaled up cement business, according to people familiar ...

Karan, 35, is currently the chief executive officer of [Adani Ports and Special Economic Zone Ltd.](/quote/ADSEZ:IN) He’s expected to find synergies between the group’s ports and cements businesses in order to create an integrated logistics firm, the people said. [Indian billionaire](https://www.bloomberg.com/news/articles/2022-07-21/adani-overtakes-gates-to-become-world-s-fourth-richest-person) is also planning to enlist key senior executives to help grow the cement business and mentor Karan, according to the people, who asked not to be identified as the information is private. [cement](https://www.bloomberg.com/news/articles/2022-05-15/adani-is-said-to-near-10-billion-deal-for-holcim-india-business) companies it acquired for $10.5 billion in May.

Karan will also be a non-executive director at Ambuja Cements; Holcim's representatives have quit the boards. Currently, Karan Adani is the CEO of Adani ...

[Gautam Adani surpasses Amazon's Jeff Bezos to become world's 2nd richest person, trailing only Elon Musk] [Ambuja Cements](/topic/ambuja-cements)Ltd and ACC Ltd, [Gautam Adani](/topic/gautam-adani), the patriarch of the [Adani group](/topic/adani-group), has been appointed as chairman of Ambuja Cements’ board. [Adani Ports](/topic/adani-ports)and [Special Economic Zone Limited](/topic/special-economic-zone-limited)(APSEZ). Karan will also be a non-executive director at Ambuja Cements; Holcim's representatives have quit the boards.