Gautam Adani
Adani is the founder of Adani Group, the largest port operator in India. Ahmedabad-based, India-based infrastructure conglomerate is also India's largest thermal coal producer and largest coal trader. The group's listed trading house Adani Enterprises reported revenue of $ 6.1 billion in the year to 31 March 2020.
The bulk of Adani's fortune is derived from his 63% stake in the Adani Ports and Special Economic Zone, which split from Adani Enterprises' flagship company, Adani Enterprises, on 4 June 2015, which he founded.
According to stock exchange filings since March 2020, he owns 74% or more of each of Adani Green Energy, Adani Enterprises, Adani Power, Adani Transmission and Adani Gas. All five companies are publicly traded and located in Ahmedabad, India. The shares are held by promoter groups, which include family members and holding companies that are credited to Adani to reflect his position as the founder.
Adani is the largest port operator, which, according to its website, is a thermal coal producer and coal trader in India.
Devani Amin, a spokesperson for the Adani group, declined to comment on emailed questions about the billionaire's net worth.
Adani Enterprises received approval from the Government of Gujarat in 1994 to set up a port facility to handle its cargo at Mundra Port. Seeing the potential in the project, Adani decided to convert it into a commercial port. He personally built rail and road connectivity by negotiating with more than 500 landowners to build the largest port in India. Adani joined power generation in 2009.
The billionaire was held for ransom by bandits in 1997, according to their Mundra Port website. According to the website, when the terrorists attacked Mumbai after 11 years, Adani was taken hostage at the Taj Hotel by the sea.
In 1997,
Adani was kidnapped for ransom and taken hostage.