Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Livemint
Livemint
National
Livemint

Meet Gautam Adani's brother, 6th Richest Indian and richest NRI Vinod Shantilal Adani

With ₹1,69,000 crores, Vinod Shantilal Adani & family moved up from 49th spot in 2018 to the sixth rank in IIFL Wealth Hurun India Rich List 2022. Residing in Dubai, Adani manages trading businesses in Dubai, Singapore and Jakarta. (Arabia Business)

The list also states that Vinod Shantilal Adani's grew 9.5 times in last 5 years.

Like Gautam Adani, his brother Vinod Shantilal Adani is too in the business of energy and infrastructure, and is currently based in Dubai.

“While Gautam Adani and family grew their wealth 15.4 times in five years, Vinod Shantilal Adani and family grew their wealth by 9.5 times," the report said.

ALSO READ: Adani group overtakes Tatas in market cap. Gautam Adani now world's 2nd richest

According to the report, Vinod Shantilal Adani’s rank moved up from 49th spot in 2018 to the sixth rank this year and his net worth increased by 28% or 36,969 crore. He has created a wealth of over 102 crore on a daily basis since 2021, the Harun report said.

Considering both the Adani brothers, their total wealth stands at 12,63,400 crore, or nearly 40% of the top ten in the Hurun India Rich List 2022.

Among the 1,103 Indians in the list released, a total of 94 NRIs featured in it and Vinod Shantilal Adani and family of Adani Group are also the wealthiest in the list of NRIs.

Started his career with power looms in Mumbai's Bhiwandi in 1976, Vinod Shantilal Adani expanded his commodities portfolio in the international market by opening an office in Singapore.

He then moved to Singapore to operate the trading, but later settled in Dubai, where he started trading in sugar, oil, aluminum, copper and iron scrap. He is now a successful businessman and a global name.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Post your comment
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.