First Asian Billionaire Gautam Adani has become the world’s 3rd richest person, being the first Asian to be in the top 3 richest people in the world with $40 billion in total net worth. Gautam Adani, who was born on July 28, 1955, comes from a Gujarati family and belongs to the community of Modh-Ghanchi-Teli. He belongs to Mumbai, India.
Gautam Adani, the richest man in Asia, is a business magnate and the chairman and managing director (CMD) of the Adani Group, an Indian conglomerate. He is also the founder of the Adani Ports and Special Economic Zone, an upcoming Special Economic Zone in India’s Gujarat state.
Adani was born on 13 December 1956, in a small village in the state of Maharashtra, India. After completing his undergraduate studies in engineering at the Birla Institute of Technology and Science, Pilani, he started his own business, importing and exporting goods. In 2002, he founded the Adani Group.
Adani is one of the key players in the Indian energy sector. He is the chairman of the board of directors of the Adani Group and is also the promoter of the Mundra Port. The Adani Group is involved in the production and distribution of coal, oil, and natural gas. Adani is also involved in the construction of the $16 billion Carmichael coal mine in Queensland.
Why he stands out
Gautam is the first person from Asia to be on this list. Born in India, he founded the port and power project company which got him his net worth of $16.1 billion. In 2010, he became the first Indian citizen to sign up for a new wealth index compiled by Forbes magazine to get a better picture of the world’s richest people.
He is also one of India’s biggest coal importers and pulled it out of bankruptcy after buying it in 2003 and turning around its operations by cutting costs and raising productivity while staying in compliance with safety regulations.
How much richer he has become
Gautam Adani has become the world’s third richest person, overtaking Amancio Ortega of Spanish apparel chain Zara fame. The Mumbai-based billionaire is also the first ever Asian to break into the top three list compiled by Forbes.
Adani owes his rise in wealth primarily to the port development project in Australia. He owns coal and gas assets as well but it is Australia that helps him supersede other billionaires like Larry Ellison, founder of Oracle, and Michael Bloomberg, former mayor of New York.
What his daily routine looks like
Despite his amazing success, the billionaire Gautam Adani has become the world’s 3rd richest person still starts his day early at 4 a.m. by meditating and then does 1 hour of yoga. He wakes up at 7 am sharp to be ready for the day ahead and exercises again after a light breakfast, probably because he believes that exercise can help you stay young.
Next, he has a power lunch followed by a walk around his offices to see how things are progressing. And finally, before ending his workday at 6 pm, he spends an hour in deep conversation with one of his executives or managers on how they can all progress together as an organization.
First Asian Billionaire How hard he works
At 14, Gautam moved from his hometown of Mumbai to Ahmedabad and started working as a diamond sorter. By the time he was 18, he had opened his own office for trading in the fabric market and began exploring the import of polyester fabric. Ten years later, at 28 years old, Adani laid the foundation stone for India’s first private sector coal-fired power plant in 2000.
After struggling with financial issues related to that project for many years, he could finally take it over from its original owners in 2009. Over the last three decades, Adani has diversified into new industries such as infrastructure development (e.g., ports), agriculture and food processing (e.g., fruits, vegetables), retail and wholesale trade (e.g., textile mills), commodities trading (e.g., mining products) and telecommunications services.
Why he took this path
Gautam Adani, the founder of the Adani Group, is a business person born in India. Gautam Adani has become the world’s 3rd richest person. He took on leadership roles at an early age and was trained as a chartered accountant. After receiving his education in India, he moved to Australia and started working for Price Waterhouse Coopers from 1983 to 1987.
In 1987, he went back to India and formed his own company called the Reliance Group where he served as chairperson for about 20 years. Gautam Adani has had many achievements including securing power deals with Chinese companies, building a seaport near Mumbai, and constructing the country’s first privately owned coal mine. This mega-conglomerate is one of the largest conglomerates in India employing over 45000 people with total revenues exceeding $8 billion USD.
How India helped him achieve success
Gautam Adani, the founder of global infrastructure company Adani Group, is now the world’s third-richest person. A Forbes report this week ranked him at number three, leapfrogging over Warren Buffett to claim the spot. He became India’s first billionaire because of his father’s successful textile business.
Today, he owns and runs an energy-hungry India – one with a population that is 2.6 times greater than America and 7 times that of Europe – whose demand for coal has led to China surpassing America as the top user of coal in 2011. His giant investment in Gujarat, the Indian state where Prime Minister Narendra Modi served as chief minister for 12 years before becoming prime minister, includes power plants and mines.
His future goals
Adani wishes to build a coalition of the world’s top energy companies to fight against low-cost renewable energy and batteries, which threaten the coal industry. He wants to create a worldwide monopoly on fossil fuels to maintain his wealth. What he doesn’t seem aware of is that coal is a dying industry and his conglomerate is one of the biggest contributors to climate change in the world, causing irreparable damage. Even without knowing what I do about environmental concerns, this strategy should have been glaringly obvious as soon as Elon Musk said he was trying for 100% renewables by 2020.
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