Mukesh Ambani is an Indian Billionaire businessman, Who is the chairman and managing director of Reliance Industries. He is the Richest Person in Asia and 9th Richest person in the World.
About Mukesh Ambani Personal Life:
Full name of Mukesh Ambani is Mukesh Dhirubhai Ambani, He was born on 19 April, 1957 and as per of now he is 67 years old. Mukesh Ambani studied in St Xavier’s College, Mumbai and Stanford University. By occupation Mukesh Ambani is a businessman and Chairman and managing director of Reliance Industries.
His Father’s name was Dhirubhai Ambani, His wife name is Nita Ambani he married to Nita Ambani in 1985 they have 2 sons Akash ( born 23 October, 1991 ) and Anant ( born April 10, 1995 ) 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 build. The building requires a staff of 600 members for maintenance, and it includes three helipads, a 160-car garage, private movie theatre, swimming pool, and fitness centre.
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.
About Career:
Mukesh Ambani set up Reliance Infocomm Limited ( later Reliance Communications Limited ) which was focused on information and communications technology initiatives. At the age of 24, Ambani was given the charge of the construction of Patalganga petrochemical plant when the company was heavily investing in oil refinery and petrochemicals.
Ambani directed and led the creation of the world’s largest grassroots petroleum refinery at Jamnagar, India, which could produce 660,000 barrels per day (33 Million tonnes per year) in 2010, integrated with petrochemicals, power generation, ports, and related infrastructure. In December, 2013 Ambani announced the possibility of a “collaborative venture” with Bharti Airtel in setting up digital infrastructure for the 4G Network in India. On 18 June 2014, Ambani said he will invest Rs. 1.8 Trillion across businesses in the next three years and launch 4G broadband services in 2015.
Mukesh Ambani Net Worth:
Mukesh Ambani has constantly been crowned as India’s richest man until business tycoon and billionaire. Gautam Adani dethroned him for the title in 2022, but with the recent allegations against the Adani Group by Hindenburg Research, Ambani has once again gained the title of being the richest man in India.
His Salary and Earning Assets:
His Salary as a chairman and largest shareholder of Reliance Industries reportedly around Rs. 15 Crore. His net worth has been estimated to be around $118 Billion USD, making him the ninth richest person in the world.
His net worth is primarily derived from his shareholdings in Reliance Industries, which has a significant presence in several industries, including petrochemical, refining, oil, and gas exploration, textiles, retail, and telecommunications. Ambani also holds assets in real estate and other investments, which contribute to his overall net worth.
Mukesh Ambani Current Net worth Updates:
As of November 2024, Mukesh Ambani’s net worth has soared to $119.5 billion, making him India’s richest person and placing him 13th among the wealthiest people globally. This substantial wealth growth has been driven by the strong performance of Reliance Industries and the overall surge in the Indian stock market. The BSE Sensex index has climbed by over 30% since 2023, contributing to significant gains for India’s wealthiest individuals, including Ambani.
Ambani’s influence in the Indian corporate world continues to grow. In 2024, he delighted Reliance investors with a bonus shares announcement as a Diwali gift, further boosting investor sentiment. His family’s business interests are expanding, with his younger son, Anant Ambani, taking on more responsibilities within the conglomerate.
Ambani’s closest competitor in India is Gautam Adani, whose net worth is $116 billion, underscoring the massive concentration of wealth among India’s top tycoons. Ambani’s leadership in the telecommunications, retail, and energy sectors through Reliance Industries keeps him at the forefront of India’s booming economy.