Blog Highlights

• Early Career & Personal Life
• Gautam Adani Net Worth in Rupees
• Who is Richer? Ambani or Adani?
• Brands & Businesses Owned by Adani
• List of Companies Adani has Invested In
• Invest in Unlisted Shares

Revealed: Gautam Adani Net Worth in Rupees in 2024 and Surprising Insights!

As the Indian economy experiences exponential growth, a frequent question regarding the net worth of influential individuals is often raised. 200 Indians have made it to the Forbes Billionaires list in 2024. Gautam Shantilal Adani, renowned as the chairman and founder of the Adani group, is an Indian billionaire industrialist who has his multinational conglomerate involved in port and operations as well as development within our nation. The Adani Foundation was established in 1996, and Priti Adani, his wife, served as a chairperson. Adani is known to be the largest airport operator, and he also controls Gujarat’s Mundra port, the largest in the country.

Adani’s journey from a modest background to becoming one of India’s wealthiest individuals is a testament to his visionary approach, calculated risk-taking, and relentless pursuit of growth across diverse sectors. With a global rank of 21 and a country-based rank of 2nd, Adani has risen to a net worth of $85.9 Billion.

As he states “ Either you sit on the pile of cash, or you continue to grow”, his tenacity and intelligence only contribute to his massive fortune. 

Gautam Adani’s Early Career & Personal Life

Adani had started his career in Mumbai in the late 1970s, where he worked as a diamond sorter for the Mahindra brothers. His entrepreneurial spirit led him back to Gujarat, where he could initiate a small business involving diamond brokerage. In the year 1981, Mahasukh Adani had asked him to help run a plastics factory in Ahmedabad. This marked Adani’s entry into the global trading market. The venture where he imported PVC or Polyvinyl Chloride set the stage for his success in the commodities trading business.

Adani was born in June 1962 into a Jain family in the colorful city of Ahmedabad. The name of his spouse is Priti Adani, who is a dentist by profession. 

They have two lovely children named Karan Adani and Jeet Adani. Karan is involved in the family business while serving as CEO of Adani Ports and SEZ Ltd, where Jeet manages numerous other ventures in the group. The family remains knit closely, with shared values of social responsibility and entrepreneurship. 

Gautam Adani’s Education

Gautam Adani attended Sheth Chimanlal Nagindas Vidyalaya in Ahmedabad for his schooling. Although he enrolled at Gujarat University for a Bachelor’s degree in Commerce, he left after the second year to pursue business opportunities. His early departure from formal education did not hinder his success, but his practical knowledge and business acumen allowed him to navigate the complexities of international trade and infrastructure development effectively.

The Core of Adani’s Wealth

The Adani Group, founded in 1988, began as a modest trading firm but quickly expanded into a conglomerate spanning ports, power generation, renewable energy, and more. The real game-changer for Adani was the economic liberalization of India in the 1990s, which allowed him to diversify into infrastructure development.

His control over critical infrastructure assets, including India’s largest private port, Mundra Port, and extensive energy projects, forms the core of his wealth. Today, the Adani Group is one of India’s largest corporate houses, with interests that also include logistics, agribusiness, and aerospace.

Gautam Adani Net Worth in Rupees

Gautam Adani is worth $106 Billion or ₹8.82 lakh crores, as per the Bloomberg Billionaire Index, where he has been in a tug of war with Ambani for the spot of the richest Asian. It is noted to be $85.9 Billion as per real-time data obtained from Forbes. This staggering figure places him among the richest individuals globally, underscoring his success in building an empire from scratch.

Discover the net worth of other influential figures in India.

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Adani’s Salary Breakdown 2023-2024

Adani drew a salary of Rs 9.26 Crores in the year 2024. The 61-year-old billionaire could draw a salary from 2 out of the 10 companies in his ports-to-energy conglomerate.

• In the 2023-24 financial year, Adani Enterprises Ltd, or AEL paid its chairman a total of Rs 2.46 Crore, which includes a Rs 2.19 Crore salary and Rs 27 Lakhs in benefits and perks. This marked a 3% increase from the previous year, as per AEL’s annual report.
• Additionally, he earned Rs 6.8 Crore from Adani Ports and SEZ Ltd or APSEZ. While some of his top executives received higher pay, his remuneration was notably lower than that of most heads of large family-owned conglomerates in India.

Here is a chart that visually represents the salary breakdown of Gautam Adani for the financial year 2023-24 across Adani Enterprises Ltd (AEL) and Adani Ports and SEZ Ltd (APSEZ). The total salary drawn is ₹9.26 Crores, with detailed amounts from both companies displayed for clarity.

In comparison to Adani, telecom tycoon Sunil Bharti Mittal earned Rs 16.7 Crore in 2022-23, Rajiv Bajaj earned Rs 53.7 Crore, and Pawan Munjal received Rs 80 Crore. L&T Chairman S N Subrahmanyan and Infosys CEO Salil S Parekh also had higher earnings.

The Adani group chief became the richest man in Asia in 2022, but his net worth took a tumble due to alleged irregularities in his firm.

Hindenburg Report on Jan 2023- How did this affect his Net Worth?

Hindenburg Research, a firm based in the USA, accused Gautam Adani and his organization of conducting financial fraud and stock market manipulation. The release of this report made the stocks in the Adani Group fall largely, causing a wipeout of over $120 Billion in their market value. Adani lost over $36 Billion right after the allegations were out. The market value recovered when the Supreme Court ruled in favor of the group a year later, where they stated that no further probes were necessary.

The Battle of Billionaires: Ambani vs. Adani Net Worth Comparison

Adani had overtaken Ambani in January 2024 for the wealthiest Asian spot, due to the surge in Adani stocks. 

Adani Group stocks surged after a Jefferies report highlighted the group’s $90 billion expansion plans for the next decade. This led to a Rs 1.23 lakh Crore increase in investor wealth during intraday trading, boosting the group’s market capitalization to Rs 17.94 Lakh Crore. By the close of trading, the market cap settled at Rs 17.51 Lakh Crore, with a net gain of Rs 84,064 Crore.

This increase in Adani’s net worth lasted seldom a day when it surged by $7.7 Billion, the total net worth surpassing that of Ambani’s. However, it was just in a few days that Ambani got back his crown.

Currently, both tycoons are neck-and-neck, with Ambani slightly ahead. However, their wealth is often volatile, subject to market conditions, making it a close race.

The maestro himself talks about how business is all about managing turbulence and uncertainties while being brave enough to take risks.

List of Brands & Businesses Owned by Adani

Adani’s business empire or the Adani group is one of the largest conglomerates having a diversified portfolio across multiple sectors.

Brand/Business Name	Description
Adani Enterprises Ltd. (AEL)	Flagship company incubating business ventures including mining, solar manufacturing, airport operations, and integrated resource management.
Adani Ports and Special Economic Zone (APSEZ)	India’s largest private multi-port operator managing 10 ports including Dahej, Hazira, and Mundra.
Adani Green Energy Ltd. (AGEL)	Specializes in solar and wind power projects with a target to increase renewable capacity.
Adani Transmission Ltd. (ATL)	Largest private sector power transmission organization managing high-voltage transmission lines.
Adani Power Ltd	Operates several power plants across the country, providing electricity to millions.
Adani Gas Ltd. (AGL)	Key player in city gas distribution, supplying natural gas to industrial, commercial, and residential customers.
Adani Wilmar Ltd	Joint venture with Wilmar International producing consumer products like edible oils, rice, and flour under the brand “Fortune”.
Adani Airports	Largest airport operator in the country, managing airports in Ahmedabad, Lucknow, Mumbai, and more.
Adani Realty	Develops residential, commercial, and social club projects focusing on luxury and sustainable living.
Adani Logistics	Provides end-to-end services including road and rail transport, warehousing, and container services.
Adani Defence and Aerospace	Involved in aerospace components, unmanned aerial systems, and defense equipment manufacturing.
Adani Mining	Operates coal mines in India and Australia, supplying coal to power plants

List of Companies Adani has Invested In

• SBI Mutual Fund – Adani Group acquired a stake in this major asset management company, reflecting its interest in expanding into financial services.

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• Flipkart– In order to develop logistics as well as data center infrastructure, Adani has invested in a strategic collaboration with Flipkart, thereby tapping into the e-commerce proliferation in India. 

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• Quintillion Media – The stake in Quintillion Media shows his interest in diversifying into content and digital media platforms.

• Cleartrip – Adani has a stake in Cleartrip through his partnership with Flipkart. It is one of the leading online travel booking platforms in India.

• Holcim’s India Operations – Adani acquired Holcim’s Indian cement businesses, Ambuja Cements, and ACC, making the group a leading player in the Indian cement industry.

• Wilmar International– Other than the joint venture with Adani Wilmar, Adani has levied investments in Wilmar’s global agribusiness network, securing a strong foothold in the food industry.

Invest in Unlisted Shares

If you aim to elevate your investment returns like Gautam Adani, consider diversifying into unlisted shares with Altius Investech. Unlisted shares offer unique opportunities to tap into high-growth sectors and emerging companies. Partner with Altius Investech to unlock these exclusive investment avenues and pave the way for exceptional returns.

If you’re interested in investing in unlisted shares, be sure to read our blogs dedicated to this topic for valuable insights and guidance.

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• Listed Vs. Unlisted Shares: Assessing Risk and Reward
• Top 5 Unlisted Shares You Should Consider Buying in India in 2024

Inside the Life of the Business Tycoon

Gautam Adani leads a life that balances simplicity with the demands of his vast business empire. Despite his immense wealth, he is known for his down-to-earth demeanor and close family ties. His daily routine includes a strong focus on fitness, meditation, and spending time with his family. However, his life is also marked by the responsibilities that come with managing a conglomerate that spans multiple sectors and geographies.

Real Estate Portfolio

Adani has amassed a significant real estate portfolio which reflects his stature. The real estate holdings are a mix of luxurious residences, commercial properties, and investments in a few coveted locations in India and beyond.

Residences

Adani House, Ahmedabad – It is a sprawling mansion in the Shantivan area of Ahmedabad, Gujarat. It is a palatial estate that boasts of lavish facilities, vast landscaped gardens, and top-tier security.  

Adani Group Guest House, New Delhi – It is located in the heart of Lutyens Delhi, the guest house serves as a base for Adani when he is in the capital. The property is known for its opulent design and strategic location.

Commercial Real Estate

Adani Corporate House, Ahmedabad – This is the headquarters of the Adani Group, located in the Shantigram township on the outskirts of Ahmedabad. 

Properties in Mumbai – Adani has also invested in commercial real estate, India’s financial capital. The properties are strategically located and establish key business districts.

International Real Estate Investments

Adani’s real estate interests extend beyond India. The group has invested in several properties in different global cities, aligning with their business operations. The investments are part of a broad strategy to diversify the group’s portfolio and establish a global footprint.

Watch Collection

• Rolex Daytona- This iconic chronograph is known for its precision, durability, and timeless design. The Daytona in Adani’s collection is likely a platinum or gold model, featuring a classic dial and a robust Oyster case, and is priced at INR 2,51,76,945.
• Rolex Day-Date- It is also known as the president’s watch, symbolizing power and success. It is priced at a whopping INR 3,473,830!
• Nautilus- Adani’s collection includes the 5711/1A model, which is highly coveted and known for its sleek, stainless steel design. The model is priced at INR 67, 48,582!
• Grand Complications- This watch features complex mechanisms like perpetual calendars, tourbillons, and minute repeaters. The watch is priced at approximately INR 3,865,169!
• Royal Oak-  Audemars Piguet Royal Oak is another iconic timepiece that is renowned for its octagonal bezel, “Tapisserie” dial, and integrated bracelet. The watch is priced at INR 3,259,469!
• Richard Mille RM 11-03- The RM 11-03, known for its sporty design and complex movement, is seen as a status symbol and a likely candidate in his collection. It is priced at INR 4,73,01,619.
• Big Bang– Adani’s collection may feature a limited edition or customized Big Bang, reflecting his unique taste and preference for standout pieces. It is estimated to cost over INR 29 lakhs.

Charitable Activities & Philanthropy

Through the Adani Foundation, he has contributed significantly to various social causes, including education, healthcare, and rural development.

The foundation was established in 1996. It has also been involved in the provision of relief for natural disasters while having implemented various projects for improving the lives of underprivileged communities in the country. 

His charitable initiatives reflect his belief in giving back to society and his desire to impact the lives of millions positively. 

Final Thoughts

Gautam Adani’s journey from a small-time trader to one of India’s wealthiest individuals is a story of ambition, strategic foresight, and relentless pursuit of growth. His ability to identify opportunities in critical sectors and his bold investments have propelled him to the top of India’s rich list. As he continues to expand his business empire, Adani’s influence on India’s economic landscape is undeniable, making him not just a business tycoon, but a key player in shaping the country’s future.

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