Wednesday, November 3, 2010

Gautam Adani Net Worth

Gautam Adani Net Worth

How Much Does Gautam Adani Make?

Gautam Adani is an Indian businessman. He is the chairman of the Adani Group, a leading trading and export company of India. In september, 2010 Forbes magazine announced that Adani is the 7th richest person in India with a personal wealth of US $4.8 billion as of 2010. He is the first billionaire from the city of Ahmedabad.

He worked in Mumbai as a diamond sorter at Mahindra Bros. After working there for two years, Adani, 20 at the time, set up his own diamond brokerage outfit at Zaveri Bazaar and made his first lakh.

In 1981, one year later, his elder brother Mansukhbhai, bought a plastics unit in Ahmedabad and asked Gautam to run it. This marked the beginning of Adani's foray into global trading by beginning to import polyvinyl chloride (PVC), a key raw material for manufacturing plastics. After the economic liberalisation, the import duty on various goods was slashed, and profits of Adani Exports, then his flagship company, grew immensely.

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