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Grizzly Bulls’ Billionaires Index

⬅ # 87 Michael Hartono|# 89 Kumar Birla ➡

# 88 Vinod Adani 

$22.7B

Real Time Net Worth
as of 5/13/2024
$412.9M (1.82%)

# 88 Vinod Adani 

$22.7B

Real Time Net Worth
as of 5/13/2024
$412.9M (1.82%)
Source of WealthInfrastructure, Commodities
Age75
ResidenceDubai, United Arab Emirates
Marital StatusMarried
Age-Adjusted Net Worth$8.24B
Vinod Adani
Vinod Adani
Cyprus
Net worth: $22.7B

Self-Made Score 

Biography

Overview

Vinod Shantilal Adani is the older brother of Gautam Adani.
Born into a family of small textile merchants in Gujarat, India.
Began his career in 1976 running power looms for a Mumbai-based business.
Expanded commodities portfolio to Singapore and later moved to Dubai.
Made his fortune in trading sugar, oil, aluminum, copper, and iron scrap.
Follows the Jain religion, emphasizing vegetarianism and non-violence.
Resides in Dubai and holds Cypriot nationality, with an age listed as 74.

Adani Group Overview

The Adani group started in commodities trading and diversified into ports, airports, power generation, and green energy.
Became India's second-largest cement producer in 2022 after acquiring Swiss firm Holcim's Indian assets for $10.5 billion.
Has stakes in various group companies held through overseas investment firms.

International Spotlight

Named the richest NRI and sixth richest Indian in 2022 with a total wealth of Rs 1,69,000 crore.
Vinod's role in the Adani Group gained international attention after the Hindenburg Research report in January 2023.
Accused by Hindenburg of managing a complex network of offshore shell entities for financial transactions.

Role in Adani Group

Not listed in managerial positions for listed Adani companies, but influential in major acquisitions.
Key negotiator for the Adani Group in raising funds from international markets and strategic planning.
Despite not having formal roles, actively involved in dealings with family members.

Business Structures and Controversies

Overseas transactions closely monitored by Vinod, as per R.N. Bhaskar, the author of a biography on Gautam Adani.
Adani Group accused of financial fraud and stock market manipulation by Hindenburg Research, which the group denies.
Vinod's involvement in complex business structures and offshore entities scrutinized.

Residence and Offices

Involved in the $10.5 billion Holcim cement deal through a Mauritius-based entity, Endeavour Trade and Investment.
Operates from offices in Jumeirah Lake Towers, Dubai, including Emerging Market Investment DMCC and Adani Global FZE.
Mentioned in the Hindenburg report as owner of shell entities in offshore tax havens.

Impact of Allegations

Vinod's net worth suffered a 25% decline after the Hindenburg report.
Adani Group plans to reassess entities for transparency and to reassure investors.
Concerns raised about the complexity of business structures and potential risks for investors.

How long would it take you to become as rich as Vinod Adani?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Vinod Adani's net worth of $22.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Vinod Adani is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Vinod Adani, Infrastructure and Commodities are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey