{"id":98526,"date":"2023-02-07T16:13:43","date_gmt":"2023-02-07T15:13:43","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=98526"},"modified":"2023-02-08T12:48:27","modified_gmt":"2023-02-08T11:48:27","slug":"luxus-magazine-gautam-adani-the-fall-of-a-man-and-his-empire","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/luxus-magazine-gautam-adani-the-fall-of-a-man-and-his-empire\/","title":{"rendered":"[Luxus+ Magazine] Gautam Adani, the fall of a man and his empire"},"content":{"rendered":"<h4>Who is Gautam Adani, the Indian billionaire, founder and chairman of the Adani Group ? His career path, from his beginnings in trading to an empire worth several hundred billion dollars, is impressive. Until his recent reversal of fortune, just as spectacular&#8230;<\/h4>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p>Everyone knows the myth of Icarus, the young man who died for flying too close to the sun with wings of wax and feathers. This is indeed the tragedy of <strong>Gautam Adani<\/strong>, the Indian billionaire, founder and chairman of the Adani Group. <strong>In September 2022<\/strong>, the businessman had become the second richest person in the world with a capital of <strong>148 billion US dollars<\/strong>, a value calculated on the basis of the market capitalization of his conglomerate. Questioned in January 2023 by the Hindenberg fund, <strong>the value of the Adani group loses nearly 100 billion dollars<\/strong>, never seen before. The story of a fall.<\/p>\n<p>&nbsp;<\/p>\n<h2>A meteoric rise<\/h2>\n<p>&nbsp;<\/p>\n<p><strong>In 1985<\/strong>, Gautam was 23 years old and tried to start a business with his brother in Mumbai. Ten years later, he landed a contract to manage the port of Mundra and saw a clear path into the <strong>port business<\/strong>. Gautam Adani is a smart man who positions himself among the country&#8217;s influential figures. <strong>As a friend of Gujarat Chief Minister Narendra Modi <\/strong>(who became Prime Minister in 2014), he obtained the rights to operate the infrastructure on the north shore of the Gulf of Kutch for 30 years in 2001. <strong>In 2003<\/strong>, Modi granted him the authorization to create a special economic zone, exempted from the common rules of taxation, which allowed him to increase his fortune considerably.<\/p>\n<p>&nbsp;<\/p>\n<p>Click<a href=\"https:\/\/magazine.luxus-plus.com\/gautam-adani-the-fall-of-a-man-and-his-empire\/?lang=en\"> here<\/a> to read the full article on Luxus Plus Magazine.<\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9Press<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who is Gautam Adani, the Indian billionaire, founder and chairman of the Adani Group ? His career path, from his beginnings in trading to an empire worth several hundred billion dollars, is impressive. Until his recent reversal of fortune, just as spectacular&#8230;<\/p>\n","protected":false},"author":1,"featured_media":98553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"Who is Gautam Adani, the Indian billionaire, founder and chairman of the Adani Group ? 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