One of the richest men of Asia Gautam Adani's Journey, from college dropout to the owner of Adani Groups

By Lokmat English Desk | Published: November 25, 2021 05:35 PM2021-11-25T17:35:25+5:302021-11-25T17:35:25+5:30

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Adani Group Chairman Gautam Adani has gone past Reliance Industries Chairman Mukesh Ambani to emerge as Asia's richest man. According to the Bloomberg Billionaires Index, Gaumat Adani has a net worth of .1 89.1 billion.

Adani Group's chairman's stood at $88.8 billion. The index informed that the year-to-date change in net worth for Mukesh Ambani stood at $14.3 billion whereas for Gautam Adani it stood at $55 billion. This news of Adani is going so viral on social media so let's see the journey of Adani.

Gautam Adani was born into a Gujarati Jain family in Ahmedabad to Shantilal Adani and Shantaben Adani, Gautam has seven siblings.

Gautam Adani's completed his School Education Seth C.N. located in Ahemdabad. And did his B.Com at Gujarat University. But in the second year, he dropped the college.

After leaving college, he started his journey towards Mumbai. After coming to Mumbai, he started working for a diamond company. Two years later, he started his own business in Zaveri Bazaar.

After this, his brother had bought a plastic unit, but Adani did not work in it and then returned to his home. Adani never looked back after this.

Economic liberalization was a boon for Gautam Adani. Taking advantage of market conditions, he founded the Adani Group in 1988. In their early days, their group focused on the agricultural and power sectors.

The Adani Group has emerged as a major player with major interests in power generation and transmission, coal trade and mining, gas distribution, oil, and gas extraction as well as ports and special economic zones.

The Adani Group now has six companies. These include Adani Total Gas, Adani Enterprises, Adani Port, Adani Power, Adani Transmission, and Adani Green Energy. By 1991, the company had grown in both the resources and the power sector.

Gautam Adani's wealth has increased by 55 billion since January this year. Shares of Adani Group companies fell sharply in June after news of foreign investors surfaced.

But since October, it has rebounded and is now at an all-time high. Now the market cap of these companies is Rs 10 lakh crore.

Adani's net worth reached. 63.5 billion after the stock plunged in July. On November 12, their net worth increased to 84 billion. Adani Group's seventh company has applied to SEBI for an IPO.