Adani planning to open family office in Dubai or New York to manage wealth

Adani family is currently talking to consultants and tax experts about the plans; location of the office is still in flux, and may change based on the advice they receive and availability of resources

Photo: Bloomberg
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Photo: Bloomberg

P R Sanjai | Bloomberg
Asia’s richest person, Gautam Adani, is considering setting up a family office overseas to manage his ballooning wealth, according to people familiar with the discussions.
 
The chairman of the ports-to-power Adani Group conglomerate is looking at Dubai or New York as the base for the office, which will invest the Adani family’s personal funds, the people said, asking not to be identified because the matter is private. The group’s founders are in the process of hiring a full suite of specialized family office managers, one of the people said.

The move comes amid a $58 billion surge in Adani’s personal wealth this year -- the most among the world’s richest people, according to the Bloomberg Billionaires Index. It also reflects

First Published: Nov 18 2022 | 11:12 AM IST

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