Mukesh Ambani was born on April 19, 1957, in Aden, Yemen. He comes from a prominent Indian business family. He is the son of the late Dhirubhai Ambani and Kokilaben Ambani. Dhirubhai Ambani was an Indian business magnate and the founder of Reliance Industries.
Dhirubhai founded Reliance Industries in 1966 and built it into one of India’s largest conglomerates, with interests in areas such as petrochemicals, refining, oil, and gas exploration. After Dhirubhai’s death in 2002, his sons Mukesh and Anil Ambani took over the management of the company, with Mukesh becoming the chairman and largest shareholder of Reliance Industries.
He has two siblings, a brother, Anil Ambani, and a late younger brother, Rajesh Ambani. Mukesh Ambani is married to Nita Ambani. Nita Ambani is a philanthropist and the founder and chairperson of the Reliance Foundation, which focuses on various social initiatives in areas such as education, healthcare, rural development, and disaster response. She is also the chairperson of the Indian Super League, a professional football league in India. Nita and Mukesh Ambani have three children together.
Mukesh Ambani has three children, two sons and a daughter. His older son, Anant Ambani, was born in 1995. His younger son, Akash Ambani, was born in 1991. His daughter, Isha Ambani, was born in 1991. All three of Mukesh Ambani’s children are actively involved in the family business and are seen as the next generation of leaders for Reliance Industries.
Mukesh Ambani is an Indian businessman and the chairman and largest shareholder of Reliance Industries, a conglomerate with interests in areas such as refining, petrochemicals, oil and gas exploration, textiles, retail, and digital services. He is widely regarded as one of the most influential business leaders in India and is known for his entrepreneurial vision and business acumen.
Under his leadership, Reliance Industries has grown into one of India’s largest companies, with a market capitalization of over $200 billion. Mukesh Ambani is also known for his philanthropic activities, particularly in the areas of education and healthcare, and is considered one of the wealthiest people in the world, with a net worth of over $100 billion.
Mukesh Ambani is known for his lavish lifestyle, including owning one of the world’s most expensive homes, the Antilia building in Mumbai. The 27-story building is equipped with several luxury amenities, including a ballroom, theater, and several gardens.
He is also known for his philanthropic activities, through the Reliance Foundation, which focuses on several initiatives including health, education, sports, disaster response, and rural transformation.
In addition to his business and philanthropic activities, Mukesh Ambani is also known for his support of Indian cricket and is the owner of the Mumbai Indians, a team in the Indian Premier League.
Mukesh Ambani Education:
Mukesh Ambani went to Hill Grange High School in Mumbai, India, where he completed his secondary education. After completing his secondary education, Mukesh Ambani studied at St. Xavier’s College, Mumbai.
After that, he went on to pursue a Bachelor of Chemical Engineering from the Institute of Chemical Technology (formerly UDCT), Mumbai, India, which he completed in the year 1982.
Mukesh Ambani then took admission for MBA in Stanford University but it was not possible for him to complete MBA there. Because His father realized that real life skills come from experience and not from sitting and studying in the classroom.
So his father called Mukesh from Stanford University to handle Reliance Industries’ yarn manufacturing project. At that time Reliance Industries was a fast growing industry in India.
And Mukesh Ambani also wanted to work in Reliance Industries so he did not complete his MBA and started helping his father in business.
Mukesh Ambani Home:
Mukesh Ambani is the owner of Antilia, a multi-story private residence in Mumbai, India. It is one of the most expensive homes in the world, valued at over $2 billion. Antilia has 27 floors and covers an area of 400,000 square feet, making it one of the largest private residences and most expensive private house in the world.
Although the total value of Buckingham Palace in England is $ 5 billion, Buckingham Palace is a government building while Antilia is a private building.
The building features amenities such as multiple swimming pools, a fitness center, and a cinema, among others. Mukesh Ambani loves to do new car collections. Mukesh Ambani’s Antilia building has car parking for the first 6 floors from the 27th floor.
Mukesh Ambani owns more than 170 cars. Carwash is also made in Antilia for the cleaning of this car. There are also 3 helipads built on the terrace of Antilia.
Antilia structure design is by Perkins and Will, a sikago-based architecture company, whilean interior design by Leighton Holdings (CIMIC Group).
Mukesh Ambani Career:
Mukesh Ambani started his business career at Reliance Industries Limited (RIL), a company founded by his father Dhirubhai Ambani in 1966. After completing his education, Mukesh joined Reliance Industries in 1981 and worked on various projects, including the construction and management of the company’s gas cracker project.
Over the years, Mukesh Ambani has played a key role in the growth and expansion of Reliance Industries, particularly in the petrochemical sector. He has also been instrumental in leading the company’s entry into new businesses, including telecommunications, retail, and media.
Under Mukesh Ambani’s leadership, Reliance has become one of India’s largest and most diversified conglomerates, with a strong presence in several key industries and a reputation for innovation and business acumen.
In the early 1990s, Mukesh played a key role in expanding Reliance Industries into the area of petrochemicals, setting up one of the largest petroleum refining complexes in the world. He has since then been instrumental in growing the company into one of India’s largest conglomerates, with interests in areas such as refining, petrochemicals, oil and gas exploration, textiles, retail, and digital services.
As the chairman and largest shareholder of Reliance Industries, Mukesh Ambani has been widely recognized for his business acumen and entrepreneurship, and he is widely regarded as one of the most influential business leaders in India. In addition to his business interests, he is also known for his philanthropic activities, particularly in the areas of education and healthcare.
Reliance Telecommunication launched Reliance Jio Plan on 5th September 2016. Jio plan was the cheapest of all the companies, which led to a huge increase in the number of Jio users in just one year, making Reliance Communications India’s largest telecommunications company today.
Mukesh Ambani has topped Forbes’ list of India’s richest people for the last 10 years. He is the only Indian businessman in Forbes’ list of the most powerful people in the world.
In July 2018, Mukesh Ambani’s net worth was $44.3 billion. He then became the richest man in Asia, surpassing Jack Ma, the executive chairman of Alibaba Group in China.
In October 2020, Mukesh Ambani became the 6th richest person in the world in the list of Forbes.
Reliance Industries Limited owns Mumbai Indians, a franchise of the Indian Premier League. He is also the founder of the Indian Super League, the Football League of India.
Mukesh Ambani Net Worth
As of 2023, Mukesh Ambani’s net worth is estimated to be over $100 billion, making him one of the richest people in the world. He is the chairman and largest shareholder of Reliance Industries Limited (RIL), one of India’s largest conglomerates with interests in petrochemicals, refining, oil, and gas exploration, as well as retail, telecommunications, and media.
His wealth has primarily come from his shares in Reliance Industries, which has grown significantly in recent years due to the company’s expansion into new businesses and the success of Reliance Jio, the company’s telecommunications arm. Additionally, his investments in real estate, including the Antilia building in Mumbai, and other assets have also contributed to his net worth.
Mukesh Ambani’s wealth and business success have made him one of the most influential and well-known figures in India and globally.
Controvercy of Mukesh Ambani
Mukesh Ambani, as one of India’s leading industrialists and business magnates, has been involved in several controversies throughout his career. Some of the most notable controversies include:
1. The Dispute with his brother Anil Ambani:
Mukesh and Anil Ambani, the two sons of the late Dhirubhai Ambani, were involved in a high-profile corporate and legal dispute following their father’s death in 2002. The dispute centered around control and ownership of the family’s vast business empire, particularly Reliance Industries. The dispute was widely covered by the media and became one of the most talked-about business controversies in India.
In 2005, a family agreement was reached that divided the Reliance Group into two separate companies, with Mukesh Ambani taking control of the petrochemical and refining businesses and Anil Ambani taking control of the telecom, power, and financial services businesses.
Since then, both brothers have built their respective business empires and have become successful in their own right. However, the dispute between them has occasionally resurfaced in the media, particularly in relation to their business interests and rivalry.
2. Gas Pricing Controversy:
In 2014, Reliance Industries was accused of overcharging for the natural gas it produced from its fields in the Krishna-Godavari basin. This resulted in a government investigation and subsequent legal proceedings.
3. Reliance Jio’s free service launch:
The launch of Reliance Jio’s free voice and data services in 2016 sparked a price war in India’s telecom market, leading to financial difficulties for many of the country’s established telecom companies.
4. Insider Trading Allegations:
In 2007, Reliance Industries and several of its top executives, including Mukesh Ambani, were charged with insider trading in the sale of shares of Reliance Petroleum. The charges were eventually dismissed by the Securities and Exchange Board of India (SEBI).
These controversies have generated significant media attention and public debate, but Mukesh Ambani and Reliance Industries have largely been able to weather these storms and continue to be major players in India’s corporate and business landscape.
Bord Membership:
Mukesh Ambani is the chairman and largest shareholder of Reliance Industries Limited (RIL), one of India’s largest conglomerates. He is also on the board of several other companies within the Reliance Group, including Reliance Jio and Reliance Retail.
In addition to his corporate positions, Mukesh Ambani serves on the board of several organizations and institutions. He is a member of the Indian Prime Minister’s Council on Trade and Industry, the Chief Mentors’ Council of the National Entrepreneurship Network, and the Board of Governors of the Indian School of Business. He is also a member of the board of the Bank of America Corporation.
In his personal capacity, Mukesh Ambani is a member of several philanthropic organizations and initiatives, including the Reliance Foundation, which is focused on addressing social and environmental challenges in India.
Time Line:
1957: Mukesh Ambani was born on April 19, 1957, in Aden, Yemen.
1981: Completed his Bachelor of Chemical Engineering from Institute of Chemical Technology (formerly UDCT), Mumbai, India.
1981-1982: Worked with Reliance Industries as a Chemical Engineer.
1982-1983: Worked with Arthur Andersen in the company’s Yogjakarta office in Indonesia.
1983: Returned to India to join Reliance Industries.
2002: Became the chairman and largest shareholder of Reliance Industries after the death of his father, Dhirubhai Ambani.
2005: Launched Reliance Retail, the company’s retail arm.
2008: Launched Reliance Communications, the company’s telecom arm.
2010: Launched Reliance Jio, a 4G LTE mobile network in India.
2016: Acquired Network18, a media and entertainment company in India.
2018: Launched JioGigaFiber, a fiber-to-the-home broadband service in India.
2021: Reliance Industries became the first Indian company to cross the $200 billion market capitalization mark.
2022: Became the wealthiest person in Asia with a net worth of over $100 billion.
award winner mukesh ambani
Mukesh Ambani has received several awards and honors for his business acumen and contributions to the Indian economy. Some of the notable awards include:
1. EY Entrepreneur of the Year in 2006.
2. Business Leader of the Year by The Economic Times in 2008.
3. Forbes Asia’s Businessman of the Year in 2016.
4. The Padma Vibhushan, India’s second-highest civilian award, in 2016.
5. The Asian Awards Entrepreneur of the Year in 2017.
6. NDTV Profit Business Leadership Award in 2018.
7. The first Economic Times Global Business Summit Award in 2018.
8. The New Economy Award for Disruptive Innovation in 2019.
9. The The Times CEO India Award for Corporate Citizenship in 2020.
These are just a few of the many awards and honors that Mukesh Ambani has received for his business achievements and contributions to society.