Move over, Mukesh Ambani: here’s how Indian billionaire Gautam Adani, Asia’s new second-richest man, spends his wealth – from luxury cars to private jets
So how does Asia’s new second-richest man enjoy his billions?
His home is worth around US$5.5 million
In early 2020, Adani acquired Aditya Estates for a reported 40 crore rupees – around US$5.5 million. The property, which is located in Lutyens’ Delhi, the most expensive residential area in New Delhi, covers 1.4 hectares (3.4 acres) of land and includes a bungalow that is 25,000 square feet in area.
According to GQ India, the home has seven bedrooms, six living and dining rooms, and 7,000 sq ft of land for staff quarters. The estate also includes sprawling gardens, through which Adani likes to spend his time taking leisurely strolls.
He’s got three private jets and three helicopters
Adani has a clear interest in aviation. In 2020, the Adani Group acquired a controlling stake of 74 per cent in Mumbai Airport, becoming India’s largest private airport developer.
This interest in air travel is evident in his personal life as he likes to fly in style, having three private planes: a Bombardier Challenger 600 (worth US$700,000-US$900,000, according to evojets.com), an Embraer Legacy 650 (worth US$15-19 million), and a Hawker 800 (worth US$2 million).
But the billionaire and his family also evade traffic with his three helicopters. In 2011, The Times of India stated that he bought an Augusta Westland AW139 15-seater helicopter worth 12 crore rupees (now US$1.65 million).
He collects luxury cars
While he started off commuting on his grey Bajaj Super scooter in the 1980s, Adani quickly learned to travel in style and has amassed an enviable luxury car collection. This includes a BMW 7 Series limousine, a Rolls-Royce Ghost and a red Ferrari California, which people close to him say is his favourite.
He actively gives to charity and helps out people in need
In 1996, Adani co-founded the Adani Foundation with his wife, Priti, who serves as the chairperson of the foundation. Together, they have contributed to the welfare of communities across India with projects in education, health, community infrastructure and sustainable livelihood.
In 2020, The Economic Times reported that Adani donated 100 crore rupees (now US$13.7 million) to the PM Cares Fund to help battle Covid-19. The Times of India also reported that the Adani Group helped arrange for four ISO cryogenic tanks with 80 tonnes of liquid oxygen and 5,000 medical grade oxygen cylinders from Saudi Arabia to help those afflicted with the virus.
- The Indian businessman gained more billions this year than even Asia’s richest man Mukesh Ambani, pushing China’s Zhong Shanshan into third
- He reportedly owns three private jets, three helicopters and luxury cars including a BMW 7 Series Limousine, a Rolls-Royce Ghost and a Ferrari California