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.[2][3]
Adani has been described as being close to Prime Minister Narendra Modi and to his ruling Bharatiya Janata Party government.[3][4][5] This has led to allegations of cronyism,[6] as his firms have won many energy and infrastructure contracts in India and abroad after Modi became the Prime Minister of India.[7] In January 2023, the American short selling activist firm Hindenburg Research accused Adani of stock manipulation and fraud.[8] 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.[9][10] Adani's and his family's fortune has plummeted by over 50%[11][12][13][14] to an estimated US$54.2 billion, as of October 2023, while falling to the 23rd place on the Forbes Real Time Billionaires list.[15] 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.[16]
In 2022, Times Magazine included him in the 100 most influential people in the world.[17]
^Cite error: The named reference Prime Insights was invoked but never defined (see the help page).
^"Gautam Adani Bloomberg Index". Bloomberg.com. Retrieved 11 February 2022.
^ abCite error: The named reference Keener Spotlight was invoked but never defined (see the help page).
^Cite error: The named reference timesofindia-10Apr14 was invoked but never defined (see the help page).
^"The humbling of Gautam Adani is a test for Indian capitalism". The Economist. 9 February 2023.
^Cite error: The named reference BBC News-02Dec22 was invoked but never defined (see the help page).
^Cite error: The named reference Quartz-13Dec22 was invoked but never defined (see the help page).
^"Adani Group: How The World's 3rd Richest Man Is Pulling The Largest Con In Corporate History". Hindenburg Research. 24 January 2023. Retrieved 5 February 2023.
^Mahapatra, Dhananjay (4 January 2024). "No inadequacy in Sebi probe: Supreme Court". The Times of India. Retrieved 10 January 2024.
^Rajagopal, Krishnadas (3 January 2024). "Supreme Court upholds SEBI probe, turns focus on 'conduct' of Hindenburg". The Hindu. Retrieved 10 January 2024.
^"How Gautam Adani Lost More Than $50 Billion In A Week—And His Ranking As Asia's Richest". Forbes. 26 January 2023.
^"Adani's $58 Billion Wealth Wipeout in Six Days Has Few Parallels". Bloomberg.com. 2 February 2023. Retrieved 3 February 2023.
^Iordache, Ruxandra (2 February 2023). "Adani losses top $100 billion in the wake of Hindenburg Research report". CNBC. Retrieved 3 February 2023.
^Shankar, Vivek (31 January 2023). "This Mogul Lost Tens of Billions of Dollars in Days. What Happened?". The New York Times. ISSN 0362-4331. Retrieved 3 February 2023.
^"Profile Gautam Adani". Forbes. Retrieved 5 February 2023.
^"Profile Gautam Adani". Forbes. Retrieved 21 January 2024.
^"Gautam Adani: The 100 Most Influential People of 2022". Time. 23 May 2022. Retrieved 9 August 2023.
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...
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construction. Adani Transmission was founded by GautamAdani in December 2015 after separating the decade-old transmission business from Adani Enterprises...
the Adani Group to sue if they believed the report was inaccurate. By the end of February 2023, the group lost $150 billion in value. GautamAdani's personal...
August 2022). "How Adani is taking over NDTV without consulting the Roys". Newslaundry. Shroff, Kaushal (25 August 2022). "GautamAdani Knocks on the Doors...
Standard. 3 April 2022. Retrieved 21 March 2024. Bhaskar, R.N. (2022). GautamAdani: Reimagining Business in India and the World. Penguin Random House India...
the Adani Group to sue if they believed the report was inaccurate. By the end of February 2023, the group lost $150 billion in value. GautamAdani's personal...
Gautam may refer to: Gautam (etymology), a given name GautamAdani (born 1962), Indian industrialist Gautam Ashram, a gurukul of the ancient Indian philosopher...
Saloni Shroff. Paridhi is married to Karan Adani, son of GautamAdani, chairman and founder of the Adani Group. Shroff is an avid charcoal sketcher and...
on Indian Billionaire GautamAdani and said that Modi Government has been very favourable towards Adani. He sees the rise of Adani as a direct consequence...
Digambara monk GautamAdani – chairman and founder of Adani Group Vinod Adani -. Dubai-based Indian billionaire businessman. brother of gautamadani Ashwin Dani...
anniversary at Pragati Maidan in New Delhi. Restarted from 2023 with GautamAdani as inaugral guest The set up of the show resembles a courtroom, where...
billion US dollars and ranks 3rd in Asia's wealthiest behind Ambani and GautamAdani, both Indians. By September 2020, Zhong owned a 75% stake in Beijing...
stock manipulation and accounting fraud by the Adani Group, an Indian conglomerate headed by GautamAdani, one of the richest men in the world. Anderson's...
listed its stakes in Ambuja Cements and ACC for sale. On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion...
Archived from the original on 27 August 2017. Retrieved 20 March 2017. "GautamAdani unveils world's largest solar power plant in Tamil Nadu". The Economic...
American art collector Narendra Modi, 14th Prime Minister of India GautamAdani, founder of Adani Group (dropped out) List of educational institutions of Gujarat...