About our Gautam Adani news
Latest news on Gautam Adani, Indian billionaire businessman and Adani Group chairman, covering controversies, business developments, and legal challenges.
Gautam Adani, founder and chairman of the Adani Group, stands as one of Asia's most prominent business figures. As of January 2025, he is ranked as the second-richest person in Asia and the 25th wealthiest globally, with a net worth of $57 billion. His multinational conglomerate, the Adani Group, has extensive interests in port development, infrastructure, energy, and media.
Recent developments have brought significant challenges for Adani. In November 2024, he faced criminal indictment in the United States for allegedly paying over $250 million in bribes to Indian government officials to secure energy contracts. The charges, filed in Brooklyn, New York, encompass five criminal counts and have led to notable repercussions, including Kenya's cancellation of deals worth over $2.5 billion with the Adani Group.
Beyond the business realm, Adani's story reflects the dynamics of modern Indian entrepreneurship. Starting as a diamond sorter in Mumbai and later managing his brother's plastic business in Ahmedabad, he built his empire from modest beginnings. His journey from a college dropout to a global business leader has captured public attention, though his close ties to Indian Prime Minister Narendra Modi have drawn both support and scrutiny.
Adani's rise to prominence dates back to 1988 when he established Adani Exports, now known as Adani Enterprises. A pivotal moment came in 1995 when he secured the contract to manage Mundra Port, which has since grown into India's largest private port. His business expansion accelerated notably after 2014, coinciding with Modi's ascension to prime minister, leading to significant growth across various sectors including airports, cement, and media, most notably with the acquisition of NDTV in 2022.
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