Mukesh Ambani has the achievement of being the only businessman in India to appear in different listings, including Forbes magazine. He is deemed one of the richest and most powerful men in the world. Ambani is the wealthiest person in Asia with a net worth of 50 billion USD as of March 2019.
Mukesh Ambani History/Life Story/Date of Birth
Ambani Dhirubhai Mukesh, the Indian billionaire, was born on 19th April 1957, in Aden Colony, now known as Yemen. he is 62 years old.
He is the son of Kokilaben Ambani and Dhirubhai Ambani, founder of Reliance Industries.
He lived briefly in Aden until his father decided to return to India in 1958, with the aim of starting a spice trade business, which would later be transformed into textiles.
During the first years of Mukesh’s life, he lived in a modest apartment, in a communal society, using public transport and without receiving subsidies.
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Mukesh Ambani Net Worth
The net worth of Mukesh Ambani in 2019 is estimated to be 50 billion USD. Mukesh is ranked 13th wealthiest person in the world and the wealthiest person in India.
He is regarded as one of the most influential people in India and the world at large. The net worth of Mukesh increased from 23.2 billion USD in 2017 to 40.1 billion USD in 2018.
According to Forbes Billionaire’s list published in 2019, the net worth of the Ambani family has reached an all-time high.
In the Indian currency, his net worth is equal to 3,584 trillion Rupees.
The table below shows the net worth over the years.
Mukesh Ambani Net Worth In USD And Indian Rupees From 2010 to 2019
|Date||Net Wort In USD||Net Wort In Indian Rupees|
|2019||50 billion USD||3.584 trillion Rupees|
|2018||40.1 billion USD||2.873 trillion Rupees|
|2017||23.2 billion USD||1.662 trillion Rupees|
|2016||19.3 billion USD||1.383 trillion Rupees|
|2015||21 billion USD||1.505 trillion Rupees|
|2014||18.6 billion USD||1.333 trillion Rupees|
|2013||21.5 billion USD||1.541 trillion Rupees|
|2012||22.3 billion USD||1.598 trillion Rupees|
|2011||27 billion USD||1.935 trillion Rupees|
|2010||29 billion USD||2.078 trillion Rupees|
His Wife (Nita Ambani)
Mukesh married in 1984 to Nita Ambani, with whom he had three (3) children; and it was following an organized marriage.
Mukesh is not interested in celebrating his birthdays, but his wife’s. For Nita’s 50th anniversary, her husband spared no expense and invited a total of 500 people for the celebration.
All VIP guests who were transferred in private planes. In addition, Mrs. Ambani received a private jet as a gift, a small present evaluated at 55 million euros.
In 2016, Nita, Mukesh’s wife, was named “the first lady of Indian business” by Forbes. The originator and president of the Reliance Foundation, the company’s philanthropic arm, grew up in a middle-class environment in the suburbs of Bombay.
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Mukesh Ambani Children/Kids
Mukesh had three (3) children, two (2) sons, and a daughter.
Akash Ambani (First Son)
Akash is Isha’s twin brother, but since he was born a few minutes before his sister, he is considered the eldest son of the clan.
Akash, 27, studied at Brown University in the United States and then returned to Mumbai, where he was an intern in the family business.
He later assumed the position of Chief of Strategy of Reliance Jio, the 4G telecommunications company of Reliance.
Mukesh Ambani’s Daughter
He has only one (1) daughter called Isha Ambani.
The young heiress, 27, graduated in psychology and studies from South Asia at Yale University in 2014, and that same year she joined the board of directors of Reliance Jio and Reliance Retail.
In December, Isha married Anand Piramal, a young businessman of 33 years dedicated to business and son of the famous billionaire Ajay Piramal. The Piramal have been friends of the Ambani family for years.
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Anant Ambani (Youngest Son)
Although 23 years old, Anant Ambani is the youngest of the Ambani clan, he began attending events and meetings of the company, following in the footsteps of his older brothers.
The young man studies economics at Brown University, as does his brother Akash.
The list of the family members are shown in the table below:
List Of Mukesh Ambani Family Members
|Jai Anshul Ambani||Nephew|
|Jai Anmoi Ambani||Nephew|
|Arjun B Kothari||Nephew|
|Hirachand Gordhanbhai Ambani||Grandfather|
Mukesh Ambani House (Antilia)
The Indian billionaire owns the most expensive house on the planet, according to some publications such as Vanity Fair.
The mansion, inspired by the Gardens of Babylon, is called Antilia, is located in the south of Mumbai and has 27 square floors which took 7 years to build.
The house which is valued at1 billion USD and was the most expensive residence in the world during its construction.
Ambani’s house measures 570 feet high and requires 600 people for maintenance, has three heliports, a garage for 160 cars, private cinema, swimming pool, gym and more.
The building has a parking lot with capacity for 160 cars. It also has a spa, theater, and 9 elevators.
He is also distinguished for his generosity, and it has been reported that it is common for him to spend 0.5% of his wealth on aid. It has also given free internet to more than one million users, this as part of a project.
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Mukesh Ambani Business/Companies
In the first years within Reliance, Mukesh began contributing to the company by reporting directly to Rasikbhai Meswani, Executive Director at that time.
Reliance was built on the principle that everyone contributed to the business and thus did not depend on selected individuals.
From this moment on, Mukesh created Reliance Infocomm Limited, a company that focused on information and communications technology initiatives.
At the age of 24 years, he was commissioned to build the Patalganga petrochemical plant, at which time he was investing heavily in petroleum and petrochemical refineries.
Thanks to this, Mukesh was treated by his father as a business partner. Because of this, he was free to contribute to Reliance, despite his little experience.
In July 2002 he suffered the death of his father. This increased the tension between Mukesh and his brother Anil because Dhirubhai did not report how the properties will be distributed.
His mother, Kokilaben, decided to intervene and divided the company into two, leaving Mukesh in charge of Reliance Industries Limited and Indian Petrochemicals Corporation Limited.
He later directed the creation of the world’s largest oil refinery, located in Jamnagar, India. This had a production capacity of 660,000 barrels per day, in 2010, and which integrates petrochemicals, power generation, ports among others.
In 2013 he announced the possibility of a collaboration with Bharti Airtel to establish a digital infrastructure for the 4G network in India.
A year later Mukesh unveiled at the 40th General Assembly of Reliance Industry, the investment of about $ 25 million to use in three years, which would include the launch of 4G broadband in 2015.
In 2016, Reliance was ranked the third best-selling mobile phone brand in India. Ambani’s success gradually increased after the launch of the Reliance Jio Infocomm Limited service.
It offered a high quality of service to users at a low price.
During 2018 Mukesh Ambani added $ 44.3 billion to its Reliance Industries conglomerate, positioning itself as the richest man in Asia and the 19th richest person in the world.
It controls 43% of Reliance Industries, which is the second-largest company in India and has a capitalization of more than 100,000 million dollars.
Regarding his studies, his father cared little for grades and more for his attitude towards life.
He studied at Hill Grange High School in Peddar Road, Mumbai and later obtained his Bachelor’s Degree in Chemical Engineering at the Institute of Chemical Technology in Matunga, Mumbai.
He also attended Stanford University to obtain his Master’s Degree in Business Administration. In 1980 he left the school, at the age of 23, with the aim of helping his father build Reliance.
The company was, at that time, considered a small fast-growing industry.
His father believed that real-life skills were based more on experience than what he learned in the classroom. So he asked him to quit his studies at Stanford and take over a thread manufacturing project.
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Mukesh Ambani Awards
Throughout his career he has won the following awards and recognitions:
2000 Entrepreneur of the Year – Ernst & Young India.
2010 Global Vision Price at The Awards Dinner – Asia Society
In 2010 Business Leader of the Year – NDTV India
2010 Businessman of the Year – Financial Chronicle
2010 Dean Medal of the School of Engineering and Applied Sciences – University of Pennsylvania
2010 The Fifth Best Global CEO with Best Performance – Harvard Business Review
2010 Global Leadership Award – Business Council for International Understanding
2010 Honoris Causa Doctorate (Doctor of Science) – MS University of Baroda
2013 Millennium Business Leader of the Decade – Indian Affairs India Leadership Conclave Awards
2016 Foreign member of the National Academy of Engineering of the United States
2016 Othmer Gold Medal – Chemical Heritage Foundation