The funds, which will be managed by the Adani Foundation, will be used for charitable activities in the areas of healthcare, education and skills development, with a particular focus on India’s rural regions.
Founded in 1996, the Adani Foundation has focused its resources on social causes that aim to promote sustainable livelihoods, health and nutrition and education. Beginning with rural communities in Mundra, Gujarat, the foundation now covers 3.7 million people in 2,409 villages across 16 states in India.
Adani is the founder and chairman of Adani Group, a port and energy conglomerate with six publicly listed companies in India. He and his family have a current net worth of $95.5 billion, placing him at No. 6 on theAdani’s entrepreneurial journey began in 1988 when he started a commodities export firm after dropping out of college and spurning his father’s textile shop.
fellow Indian billionaire Mukesh Ambani, the head of Reliance Industries, as Asia’s richest person after his net worth nearly doubled once again, to more than $90 billion. Adani has said he wants to become the world’s largest producer of green energy, with a goal of investing up to $70 billion into renewable energy projects.
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