Vinod Adani Explained

Vinod Shantilal Adani is a Dubai-based Indian-origin billionaire businessman. In late 2022, as per Hurun India Rich List, he was described as the richest non-resident Indian, and the sixth-richest Indian overall, with a fortune of ₹169,000 crore (US $20.42 billion).^{[1] [2]} He is the older brother of the Indian billionaire Gautam Adani.^{[3] [4]}

Adani has been a resident of Dubai since 1994 and is a citizen of Cyprus.^[5] He has managed trading businesses in Dubai, Jakarta and Singapore.^[6]

In 2021, India Today named him as being listed in the Panama Papers.^[7] In 2023, Hindenburg Research published a report critical of his business dealings.^[8]

Notes and References

1. Web site: Sharma . Nonika . September 23, 2022 . Vinod Shantilal Adani, Gautam Adani's Brother, Is Richest NRI . 2023-01-25 . NDTV.com.
2. Web site: 2022-09-23 . Who is Gautam Adani's elder brother Vinod, ranked sixth in Hurun India Rich List 2022? . 2023-01-25 . Hindustan Times . en.
3. Web site: Das Sharma . Swastika . 2022-09-24 . Vinod Adani, Gautam Adani's Brother, is the Richest NRI; Know His Net Worth . 2023-01-25 . News18 . en.
4. Web site: Meet Vinod Shantilal Adani, the 6th richest Indian man and NRI in the world . 2023-01-25 . Jagran TV . en. Saumya . Jaiswar. 23 September 2022.
5. Web site: 2022-06-06 . Vinod Adani: The man behind the Adani group's offshore deals . 2023-09-02. Morning Context . en-US.
6. Web site: The second Adani: Gautam Adani's elder brother is the sixth richest Indian . 2023-01-26 . Business Insider.
7. Web site: India's rich and famous named in Panama Papers leak so far . 2023-01-26 . India Today . en.
8. Web site: Ganguly . Nivrita . Adani Stocks Fall In India On Fraud, Stock Manipulation Claims . 2023-01-26 . www.barrons.com . en-US.