Gautam Adani and his family have pledged to donate $7.7 billion to a charity to celebrate his 60th birthday . The billionaire-founder is the world's richest individual .
To commemorate Gautam Adani's 60th birthday, Asia's richest individual, and his family have promised to donate Rs 60,000 crore ($7.7 billion) to a slew of social causes.In an interview with Bloomberg on Thursday, Adani said that the Adani Foundation would fund health care, education, and skill development.He said that this is one of the largest transfers made to a foundation in Indian corporate history, and that it also commemorates his father's centennial year.The tycoon, a first-generation entrepreneur who turns 60 on Friday, is among the many global billionaires to dedicate large sums of money to charity.According to a 2021 survey by Hurun India and EdelGive Foundation, Azim Premji, former chairman of Wipro, has a charitable trust with the highest endowment at $21 billion, while Tata Trusts, led by Ratan Tata, chairman emeritus of Tata Sons, made donations of over $102 billion at current value.Adani, who has a net worth of nearly $92 billion, has added a little more $15 billion to his wealth this year, thanks to a massive rise in his company's stock, making him the world's richest man.In the coming months, we will establish a consensus and determine the allocation of funds in these three areas, he said.According to the tycoon, the committees will include members from the Adani family in supporting roles, with the intention to introduce one or two new focus areas in the coming months. Adani said in a tweet that a gift will help to create a democratic, future-ready India.The Adani family began as a small agri-trading business in 1988 and has since evolved into a multinational corporation that covers coal trading, mining, logistics, power generation, and distribution.It has also forayed into green energy, airports, data centers, and cement, more recently.The corporation's billionaire-founder has also promised to invest $70 billion by 2030 to make it the world's largest renewable-energy producer. According to its website, it has reached more than 3.7 million people in 2,409 villages in 16 states in India.Adani is from Gujarat, a western Indian state, and he is accompanied by billionaire Mukesh Ambani, the country's prime minister, and has increased his businesses exponentially in the last decade by aligning his business priorities with the government's national building goals.Adani, a college dropout, tried his luck in Mumbai's diamond industry in the early 1980s before returning to Gujarat to support his brothers' plastics company.Adani Enterprises was established as an agri-trading company in 1988, which has since evolved into the conglomerate's flagship business.
On our father’s 100thbirth anniversary & my 60thbirthday, Adani Family is gratified to commit Rs 60,000 cr in charity towards healthcare, edu & skill-dev across India. Contribution to help build an equitable, future-ready India. @AdaniFoundation pic.twitter.com/7elayv3Cvk— Gautam Adani (@gautam_adani) June 23, 2022