There are many ups and downs (or ups and even higher?) in the world of billionaires.

In addition to being dubbed the “king of infrastructure” in India and winning the coveted title of “person who will make the most money in 2022,” India’s Gautam Adani has already made headlines.

 Last week, he made headlines once more when he dethroned Amazon’s Jeff Bezos from the position of the second-richest person in the world, trailing only Elon Musk, who continues to hold the top spot with a fortune of $246 billion.

But because his wealth is based on stock market shares, like that of Bezos, Musk, and many other billionaires on the list, Bezos and Adani are tied for second place with an estimated $147 billion each, according to data gathered by Bloomberg.

But who is this man that stormed through the list from nowhere for some people? Let’s find out!

The Adani Group, an Indian global corporation with its headquarters in Ahmedabad, Gujarat, India, was founded and is led by Gautam Adani.

The Adani Foundation is headed by his wife Priti Adani. He is a first-generation businessman who is motivated by the fundamental idea of integrating “Growth with Goodness” through his vision of constructing a country.

 Due to a sharp decline in the value of the Adani Group’s stock on June 17, 2021, he lost his position as Asia’s second-richest man.

Shantilal Adani and Shantaben Adani (mother), who were Gujarati Jains, welcomed Adani into the world on June 24, 1962, in Ahmedabad, Gujarat.

Adani has 7 siblings.

His parents had left their hometown of Tharad in Gujarat’s northern region, his father ran a little business selling textiles.

Gautam received his education at Ahmedabad’s Sheth Chimanlal Nagindas Vidyalaya. Later, he enrolled in Gujarat University to pursue a bachelor’s in commerce, but he left after the first year. Adani loved business, but he didn’t like his father’s textile company.

In 1998, Gautam Adani was kidnapped and held captive in exchange for a ransom. Later, after the captives received payment, he was freed.

 He was at the Taj Hotel in Mumbai when the attacks happened in 2008. However, he was later saved safely.

You can say many things about this man, but one that you can’t say is that his life doesn’t have his fair share of intense moments.

In 1978, when Gautam Adani was still a teenager, he relocated to Mumbai and began working as a diamond sorter for Mahendra Brothers.

Before opening his own diamond trading company in Mumbai’s Zaveri Bazaar, he worked there for about two to three years.

Mansukhbhai Adani, Gautam’s older brother, established a plastics business in Ahmedabad in 1981 and requested him to oversee operations.

This initiative ended up acting as Adani’s entryway into international trade by importing Polyvinyl Chloride (PVC).

Adani began importing raw polymers for small enterprises in 1985. Adani Exports, the predecessor to Adani Enterprises, was established in 1988.

The business trades in commodities related to agriculture and energy.

His business grew in the 1990s. Economic liberalization measures were advantageous for the Adani company in 1991, and he began expanding it into the selling of metals, textiles, and agricultural items.

Adani received the contract for the Mundra Port in 1995. He built the first Jetty in 1995.

It was once managed by Mundra Port & Special Economic Zone. The operations were later transferred to Adani Ports & SEZ, which is today the largest privately owned multi-port operator (APSEZ).

He also entered the electricity generation sector in 2006. He also bought the Carmichael coal mine in Queensland and the Abbot Point Port in Australia between 2009 and 2012.

The Solar Energy Corporation of India’s $6 billion largest solar auction was won by Adani in May 2020. (SECI).

Adani Green has ambitions to build an 8000 MW photovoltaic power facility in the future.

2000 MW further production capacity for solar cells and modules will be added by Adani Solar.