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What is Vinod Adani’s Net Worth?
Vinod Adani, a Dubai-based Indian-origin billionaire businessman, has an estimated net worth of $27.3 billion, positioning him as one of the wealthiest individuals globally. This substantial wealth primarily stems from his involvement in infrastructure and commodities, sectors in which he has played a pivotal role through the Adani Group, a multinational conglomerate with operations spanning various industries.
In 2022, Vinod Adani was recognized as the richest non-resident Indian and the sixth-richest Indian overall, with a fortune estimated at ₹169,000 crore (approximately $20.42 billion).
His net worth has seen significant fluctuations, influenced by various factors including market conditions and business expansions. For instance, his net worth increased by 17.38 billion dollars compared to the previous year, reflecting a substantial growth from $9.80 billion in 2023 to $27.18 billion.
Despite facing controversies, including allegations of financial misconduct and involvement in offshore shell entities as highlighted by the Hindenburg Research report, Vinod Adani’s financial standing remains robust. The report accused him of managing a complex network of offshore companies for stock manipulation and money laundering, which led to a significant decline in the share prices of Adani Group companies.
Nevertheless, his strategic business maneuvers, such as the acquisition of Swiss firm Holcim’s Indian assets for $10.5 billion, have solidified his position in the global market.
Here’s the breakdown of Vinod Adani’s net worth:
Name: | Vinod Adani |
Net Worth: | $27.3 Billion |
Date of Birth: | July 24, 1962 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Vinod Shantilal Adani was born on July 24, 1962, in Ahmedabad, Gujarat, India, into a Jain family. He is the elder brother of Gautam Adani, the well-known Indian billionaire and founder of the Adani Group. Vinod’s early life was marked by a strong entrepreneurial spirit, which he inherited from his father, a small textile merchant.
After completing his post-graduation in engineering from the United States, Vinod returned to India to embark on his business journey.
His initial foray into the business world began with VR Textile, a textile company based in Mumbai’s Bhiwandi area, which laid the foundation for his future ventures in various sectors.
Career
Vinod Adani began his professional career in 1976, running power looms in Mumbai. In 1994, he moved to Dubai and established his own trading company, which marked the beginning of the Adani Group’s expansion into international markets.
Over the years, Vinod diversified his business interests, venturing into commodities such as sugar, oil, iron, copper, and aluminum scrap.
His strategic investments and business expansions have played a crucial role in transforming the Adani Group into a global conglomerate with operations in various sectors, including ports, logistics, energy, and real estate.
Vinod Adani’s significant achievements include the acquisition of Swiss firm Holcim’s Indian assets, which positioned the Adani Group as India’s second-largest cement producer.
Despite facing controversies, including allegations of financial fraud and stock manipulation by Hindenburg Research in 2023, Vinod’s business empire has continued to thrive.
Personal Life
Vinod Adani is married to Seema Adani, and the couple has two children, Karan Adani and Riya Adani. Karan Adani serves as the CEO of Adani Ports and Special Economic Zone, while Riya Adani is a director at Adani Green Energy. Vinod has been a resident of Dubai since 1994 and holds citizenship in Cyprus.
Despite his immense wealth and business success, Vinod is known for his modest and philanthropic nature. He has made significant contributions to various social causes and is actively involved in charitable activities.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
