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#27 Billionaire

Gautam Adani

$63.3B
$-1.95B (-3.0%)
IN · Age 63
Source of wealth: Infrastructure, commodities
Industry: diversified
Residence: Ahmedabad, IN
{ "bio": [ "Gautam Adani is chairman of the Ahmedabad-headquartered Adani Group, with interests in ports, airports, power generation and transmission, and green energy, among others.", "The Adani Group, which began in 1988 as a commodities trading firm, expanded through acquisitions and with the support of Indian Prime Minister Narendra Modi.", "Adani is India's biggest airport operator and also controls Mundra Port, India's largest, in his home state of Gujarat.", "In January 2023, U.S. firm Hindenburg Research accused Adani and his companies of financial fraud and stock market manipulation. The Adani Group has denied any wrongdoing.", "Adani group's shares, which had plummeted following the Hindenburg report, recovered substantially after India's Supreme Court ruled in the group's favour a year later." ], "about": [ "Adani owns Abbot Point, a controversial coal mining project in Australia, whose Carmichael coal mine is billed as one of the world's largest.", "Adani became India's second-largest cement producer in 2022, after acquiring Swiss firm Holcim's Indian assets for $10.5 billion.", "Adani says he wants to be the world's largest producer of green energy and will invest up to $70 billion on renewable energy projects.", "A high school dropout, Adani spurned his father's textile shop to start his own commodities trading firm." ] }

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