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Asia’s richest person pledges to donate 8% of his net worth as he celebrates his 60th birthday

Asia’s richest person pledges to donate 8% of his net worth as he celebrates his 60th birthday

Gautam Adani has pledged to give $7.7 billion to mark his 60th birthday. Sanjeev Verma/Hindustan Times via Getty Images

  • Indian industrial magnate Gautam Adani has pledged to donate $7.7 billion to mark his 60th birthday.
  • The donation will fund social causes to help build “an equitable future-ready India,” he tweeted.
  • Adani is Asia’s richest person, with a net worth of $92.7 billion.
  • For more stories go to www.BusinessInsider.co.za.

Indian industrial magnate Gautam Adani and his family have pledged to donate 600 billion rupees ($7.7 billion) as the businessman turns 60 on Friday.

Adani is Asia’s richest person with a net worth of $92.7 billion according to the Bloomberg Billionaires Index. This translates the donation to about 8% of his net worth.

The billionaire is the founder of the Adani Group conglomerate. He said in a tweet on Thursday the donation will go toward healthcare, education, and skill development to help build “an equitable future-ready India.” The funds will go to Adani Foundation, of which he is president. 

Set up in 1996, the Adani Foundation focuses on social programmes in India. It has helped more than 3.7 million people in 2,410 villages in the country, according to the foundation’s website.

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Adani has risen more than anyone else in Bloomberg’s billionaire rankings this year, as his net worth has climbed $16.2 billion on the back of a rally in the shares of his companies such as Adani Green Energy, which has soared about 38%…

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