Gautam Adani's Net Worth: From $9 billion in 2020 to $126 billion in Jan 2023
Rise in Adani’s Net
Worth: $117 billion
in 3 years
According to Forbes, Adani Group chairman Gautam Adani's net worth stood at $8.9 billion in March 2020. It zoomed to a whopping $126 billion on January 24, 2023, up over $117 billion
Adani Group Stocks: Multibagger return
Most Adani Group stocks have delivered multibagger returns to their investors in the last 3 years. Notably, the rising share prices contributed to his wealth gain
About Adani Group
Adani Group is a diversified business conglomerate in India and has 10 publicly traded companies. It is headquartered in Ahmedabad
Adani Group’s Beginnings
Gautam Adani founded the Adani Group in 1988 as a trading company, which has now expanded into real estate, ports, airports, power generation, green energy, cement, coal, and FMCG
Gautam Adani: Life,
Education
Gautam Adani was born in a middle-class family and lived through the 1970s and 80s when people had to struggle for power, roads, and water. He dropped out of college in his second year at Gujarat University to become a diamond sorter
Hindenburg Report
on Adani Group
Hindenburg Research published a damning report on the Adani Group on January 24, 2023. It alleged that the conglomerate has “engaged in brazen stock manipulation and accounting fraud schemes over the course of decades”. Adani Group has refuted these claims
Carnage on D-Street
Adani Group lost over Rs 9.4 lakh crore m-cap on the back of the Hindenburg report. Adani Group stocks even crashed up to 35% amid brutal sell off
Gautam Adani:
Billionaires Rich List
Recently, Gautam Adani dropped from the world’s top 20 billionaires rich list amid a brutal sell-off in Adani stocks. However, he re-entered the top 20 global billionaires list on February 7, 2023
Gautam Adani on
his success
Gautam Adani has said that his professional success was not because of any individual leader but because of the policy and institutional reforms initiated by several leaders and governments during a long period of over three decades
Disclaimer
The information mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position