Gautam Adani, the wealthiest person in Asia, and his family have earned Rupees 600 billion ($ 7.7 billion) for his many social purposes. ) Promised to donate. 60th birthday.
Donations will be managed by theAdani Foundationto enhance healthcare, education and skills development, Adani told Bloomberg in an interview Thursday. "This is one of the biggest relocations made to the Foundation in Indian corporate history," he said, and this commitment also pays homage to his father, Chantilal Adan, in the 100th anniversary of his birth. ..
A first-generation entrepreneur who turns 60 on Friday, Indian tycoons have committed most of their wealth for philanthropy in a world like Mark Zuckerberg and Warren Buffett. Join the ranks of millionaires. Adani's oath is almost half of whatBill GatesandMelinda French Gatesdonated to the Foundation in 2021.
Read more: Gotam Adan is on the 2022 Time 100 list
Indian tycoon Among them, Azim Premuji, the former chairman of Wipro, has a charitable trust with the largest donation estimated at $ 21 billion, while Tata according to the2021 reportby Hurun India and the EdelGive Foundation. Supervised by Ratan Tata, Honorary Chairman of Sons Ltd., Tata Trusts has donated more than $ 102 billion in current value.
With net worth of about $ 92 billion, according to the Bloomberg Billionaires Index, Adani added a bit of $ 15 billion to his worth this year against the backdrop of a runaway company stock. The world's largest wealth earner.
"In the coming months, we will invite three expert committees to formulate strategies and determine funding in these three areas," he said. Tycoon said the committee will be supported by members of the Adani family, adding plans to add one or two more priority areas in the coming months.
100th Anniversary of Father's Marriage&On my 60th anniversary, the Adani family is a charity of 60,000 rupees for health care and education&skills development throughout India. I am happy to do business. Contributions to help build a fair and future-proof India. @AdaniFoundation pic.twitter.com/7elayv3Cvk
— Gautam Adani (@gautam_adani)June 23, 2022
The Adani Group, which started in 1988 as a small agricultural trading company, has now been transformed into a conglomerate that spans coal trading, mining, logistics, power generation and distribution. Recently, we have expanded into green energy, airports, data centers andcement. The founder of the billionaire also promised to invest a total of $ 70 billion by 2030 to make his group the largest renewable energy producer in the world.
The Adan Foundation, led by his wife Pretty Dani, was founded in 1996 and has been working on social programs in the hinterland of the Indian countryside. According to the website, more than 3.7 million people have been reached in 2,409 villages in 16 provinces of India.
Adan is from Gujarat, western India, and has been doing his business in the last decade, like the Prime Minister of the countryNarendra Modiand his fellow billionaire Mukesh Ambani. We have grown our business dramatically by making it a dovetail. Strategy for government national construction priorities.
After dropping out of college, Adani returned to Gujarat to help his brother run his brother's plastic business after trying his luck in the diamond industry in Mumbai in the early 1980s. In 1988, he founded Adani Enterprises Ltd. as an agricultural trading company and is now transformed into a conglomerate flagship company.
Adan's recent empire construction exercises have entered new businesses such as media, digital services and sports, attracting investors such as TotalEnergies SE and Abu Dhabi-based International Holding Company PJSC.
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