Who is Gautam Adani, the Indian billionaire?
Gautam Adani is an Indian billionaire industrialist and the chairman of the Adani Group, a conglomerate of companies headquartered in India with interests in ports, agribusiness, power generation and transmission, and logistics. He was born on June 24, 1962, in Ahmedabad, Gujarat, India.
Adani began his career as a diamond sorter at the age of 18 and later started his own diamond brokerage business in Mumbai. In 1988, he started the Adani Export Limited, which later became the Adani Enterprises Limited, the flagship company of the Adani Group.
The company began as a trader of agricultural commodities and later diversified into other areas such as ports, logistics, and agribusiness. Adani's business empire is primarily focused on infrastructure, agribusiness, and energy, and he has been involved in a number of high-profile projects in India, including the development of India's largest private port at Mundra in Gujarat and a string of power plants. Adani is also known for his ambitious plan of building a world-class port and SEZ project in Gujarat, India.
In recent years, Adani has been in the news for his company's proposed Carmichael coal mine project in Queensland, Australia, which has been met with significant opposition from environmental groups. Despite this, the project has received government approval and is set to begin construction in 2021. Adani is one of India's richest individuals, with a net worth of $90 billion according to Forbes. He is also known for his philanthropy and has donated millions of dollars to various charitable causes through the Adani Foundation.