Mukesh Dhirubhai Ambani known as Mukesh Ambani was born on April 19, 1957, is an Indian billionaire businessman. He is Chairman and Managing Director of Reliance Industries Ltd. (RIL), a Fortune Global 500 company and India’s most valuable company by market value.
Born Mukesh Dhirubhai Ambani
19 April 1957 (age 65)
Aden, Colony of Aden
(present-day Yemen)
Nationality Indian
Alma mater St. Xavier’s College, Mumbai
Institute of Chemical Technology (B.E.)
Stanford University (drop-out)
Occupation(s) Chairman and MD, Reliance Industries
Mukesh Dhirubhai Ambani was born into a Gujarati Hindu family to Dhirubhai Ambani and Kokilaben Ambani. He has a younger brother Anil Ambani and two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar.
Ambani only spent a short time in Yemen as a result of his father’s 1958 decision to return to India and launch a textile and spice-selling company. When the Ambani family relocated to India, their financial situation marginally improved, but Ambani continued to live in a communal society, commuted using public transportation, and was never given an allowance. Later, Dhirubhai bought a 14-floor apartment building in Colaba called “Sea Wind,” where Ambani and his brother previously resided with their families on various levels.
Personal Life
Mukesh Ambani married Nita Ambani in 1985 and they have two sons, Akash and Anant, and a daughter, Isha, who is Akash’s twin.
They live in Antilia, a private 27-storey building in Mumbai, which was valued at US$1 billion and was the most expensive private residence in the world at the time it was built.
Ambani was titled “The World’s Richest Sports Team Owner” after he purchased the IPL cricket team Mumbai Indians for $111.9 million in 2008
Education & Carrer
Along with his sibling, Ambani attended the Hill Grange High School in Peddar Road, Mumbai, as did Anand Jain, who would go on to become a close friend of his.
He attended St. Xavier’s College in Mumbai after finishing his intermediate education. The University of Chemical Technology then awarded him a BE in chemical engineering.
Later, Ambani applied to Stanford University for an MBA programme but dropped out in 1980 to work with his father to establish Reliance, which at the time was still a young but rapidly expanding company.
His father sent his son back to India from Stanford to take charge of a yarn manufacturing project in his business because he believed that real-life skills were developed through experiences rather than by sitting in a classroom.
In 1981 he started to help his father Dhirubhai Ambani run their family business, Reliance Industries Limited.
By this time, it had already expanded so that it also dealt with refining and petrochemicals.
The business also included products and services in the retail and telecommunications industries.
Reliance Retail Ltd., another subsidiary, is also the largest retailer in India.
Reliance’s Jio has earned a top-five spot in the country’s telecommunication services since its public launch on 5 September 2016.
Ambani has held the title of India’s wealthiest person on Forbes magazine’s list for the past ten years and was listed as the 36th richest person in the world as of 2016.
The only businessman from India to appear on Forbes’ list of the world’s most powerful individuals is him. Mukesh Ambani was listed by Forbes as the sixth wealthiest individual in the world as of October 2020.
With a net worth of $44.3 billion, he surpassed Jack Ma, executive chairman of the Alibaba Group, to claim the title of Asia’s richest individual in July 2018.
For the past ten years, Ambani has been ranked as the richest person in India by Forbes magazine. As of 2016, Ambani was ranked as the 36th richest person in the globe.
He is the sole businessman from India to be listed among the world’s most influential people by Forbes. According to Forbes, Mukesh Ambani was the sixth-richest person in the world as of October 2020.
In July 2018, he surpassed Jack Ma, executive chairman of the Alibaba Group, to become Asia’s wealthiest person with a net worth of $44.3 billion.
The 27-story Antilia home of Mukesh Ambani is estimated to be worth more than $1 billion. According to Mukesh Ambani’s Net Value, as of the year 2018, his wealth was over $40 billion. If Mukesh Ambani’s fortune is measured in rupees, his net worth as of 2018 was Rs 2,60,622 crores. Mukesh Ambani is ranked first on the list of Indian billionaires and 19th overall in Forbes magazine’s list of the world’s billionaires. When compared to Mukesh Ambani’s net worth, Jeff Bezos, Jorge Paulo, Lemon Amancio Ortega, Aliko Dangote, Gina Rinehart, and Arnold W. Donald all have much lower overall net worths.
