Gautam Adani
Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire business magnate who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India.
Gautam Adani | |
|---|---|
Adani in 2012 | |
| Born | Gautam Shantilal Adani 24 June 1962 |
| Alma mater | Gujarat University (dropped out, 1978) |
| Occupation | Business magnate |
| Years active | 1981–present |
| Organisation | Adani Group |
| Title |
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| Spouse |
Priti Adani (m. 1986) |
| Children | 2, including Karan Adani |
| Relatives | Vinod Adani (brother) Pranav Adani (nephew) |
Adani has been described as being close to Prime Minister Narendra Modi and to his ruling Bharatiya Janata Party government. This has led to allegations of cronyism, as his firms have won many energy and infrastructure contracts in India and abroad after Modi became the Prime Minister of India. In January 2023, the American short selling activist firm Hindenburg Research accused Adani of stock manipulation and fraud. In January 2024, the Supreme Court resolved the Adani Group stocks dispute arising from Hindenburg Research's allegations. The Court dismissed requests for an SIT or CBI investigation. Adani's and his family's fortune has plummeted by over 50% to an estimated US$54.2 billion, as of October 2023, while falling to the 23rd place on the Forbes Real Time Billionaires list. As of February 2024, his fortune was estimated to be US$82.3 billion, placing him at the 16th place on the Forbes Real Time Billionaires list.
In 2022, Times Magazine included him in the 100 most influential people in the world.