By codingstreets
Source: Wikipedia
Gautam Shantilal Adani was born on 24 June 1962 in Ahmedabad, Gujarat, India. He was born into a Gujarati Jain family.
He was educated at Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad. He enrolled for a bachelor’s degree in commerce at Gujarat University, but dropped out after the second year.
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.
In 1988, Adani established Adani Exports, now known as Adani Enterprises, the holding company of the Adani Group.
The Adani Group is a multinational conglomerate involved in port development and operations in India.
There have been allegations of cronyism, as his firms have won many energy and infrastructure contracts in India and abroad after Narendra Modi became the Prime Minister of India.
In January 2023, following accusations of stock manipulation and fraud by American short selling activist firm Hindenburg Research, Adani’s and his family’s fortune has plummeted by over 50%.
As of October 2023, his estimated net worth is US$54.2 billion.
Times Magazine included him in the 100 most influential people in the world in 2022.