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EXCLUSIVE: Investigation Names Gautam Adani’s Brother As Key Player In Adani Group’s Deals | Forbes
Posted
February 28, 2023
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February 28, 2023
10,531
155
93
2.35%
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12:49Now PlayingVinod Adani was at the heart of two massive Adani Group deals with French energy giant TotalEnergies, according to Indian filings. Forbes also found that Vinod is nearly five times richer than previously known.
Vinod is much wealthier than previously thought. Forbes found that he owns eight Mauritius-based firms that hold $12.3 billion of shares in Adani Group companies, plus Ambuja and ACC. Accounting for pledged shares plus the cost to buy Ambuja and ACC, Forbes estimates that Vinod is worth $6 billion. Forbes previously attributed the value of those shares to Gautam; his revised net worth is now $33.4 billion—a sharp fall from his peak of $158 billion last September, when he was the world’s third-richest person.
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