Gautam Adani pledges to donate 8% of his net worth on 60th birthday

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 skills development to help build “an equitable, future-ready India.” The funds will go to the Adani Foundation, of which he is president.

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

He joins the likes of Warren Buffett and Bill Gates in pledging a chunk of his wealth to philanthropical causes.

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