Gautam Adani, currently the second richest man in India with a staggering net worth of Rs 714314 crore according to Forbes, is the chairperson of the Adani Group. This conglomerate, one of India’s largest, spans a diverse range of businesses. Despite his leadership of such a massive enterprise, Adani’s salary stands in stark contrast to his industry counterparts and even his own key executives.
According to a report by the Economic Times, Gautam Adani earned a total of Rs 9.26 crore as salary in the fiscal year ending on March 31. This report further reveals that his income is derived solely from two of the ten companies under the Adani Group umbrella. He received Rs 2.19 crore from Adani Enterprises and Rs 6.8 crore from Adani Ports and SEZ Ltd.
When compared to the heads of other family-owned conglomerates in India, Gautam Adani’s salary appears notably lower. For instance, India’s richest man, Mukesh Ambani, has forgone his entire salary since the onset of the COVID-19 pandemic. Ambani, with a net worth of Rs 954787 crore, chairs Reliance Industries, India’s most valuable company with a market cap of Rs 1967000 crore. Prior to the pandemic, Ambani had capped his remuneration at Rs 15 crore.
