Mon. Oct 2nd, 2023

From high school investor to billionaire CEO: Rajiv Jain helps Adani Group weather storm caused by Hindenburg report

Rajiv Jain

Meet Rajiv Jain, the man who played a pivotal role in the recent sale of 21 crore shares of Adani Group companies worth Rs 15,556 crore. The sale came at a critical time when the group was facing allegations of inflating share values, resulting in a significant drop in the stock market. Despite the Supreme Court’s formation of a committee to investigate these allegations, Adani Group shares saw a remarkable surge in value after the sale, bringing much-needed relief to the company.


The man behind the purchase of these shares is Rajiv Jain, an Indian-American entrepreneur and investor who founded GQG Partners in 2016. GQG Partners is an asset management firm based in Florida, primarily working in emerging markets. The company is entirely owned by its employees, and Jain holds a 70% stake in the company, which is worth $2 billion.


Jain’s interest in Adani Group’s renewable energy and green hydrogen investments aligned with GQG Partners’ focus on companies that can deliver bumper returns in just five years. GQG Partners bought an IPO in 2021, generating $1.187 billion, and Jain believes in safeguarding assets in difficult markets and investing them in emerging markets.


Jain’s journey began when he purchased his first stock while in high school, and by the age of 22, he was already managing people’s money. Before starting GQG Partners, he served as co-chief executive officer, chief investment officer, and head of equities at Vontobel Asset Management in June 2016.


Born in India, Jain did his schooling and graduated in Rajasthan before moving to the United States for further studies. He completed his MBA from Miami, where he learned the importance of investing in emerging markets.


Jain is now focused on the energy sector as the world moves towards a Net Zero economy. Adani Group’s investments in renewable energy and green hydrogen align with Jain’s vision, making the recent purchase of Adani Group shares a strategic move for GQG Partners.


Overall, Jain’s impressive net worth reflects his ability to navigate challenging markets and make strategic investments that yield bumper returns. His role in Adani Group’s recent share sale highlights his shrewd investment skills and reinforces the idea that with the right mindset and strategy, it’s possible to achieve significant success in the world of finance.

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