Mukesh Dhirubhai Ambani, a famous Indian businessman, is the respected chairman and managing director of Reliance Industries.
Based on market value, this company is considered the most valuable in India.
According to a March 2024 report by Forbes, Ambani boasts an estimated net worth of $117.8 billion, making him the richest individual in Asia and the ninth richest person globally.
File
- Full name: Mukesh Dhirubhai Ambani
- Stage name: Mukesh Ambani
- Date of birth: April 19, 1957
- Age: 67 years old.
- Place of birth: Aden, Yemen
- Indian
- Occupation: Businessman
- Height: 1.69m
- Parents: Dhirubhai Ambani, Kokilaben Ambani
- Siblings: Anil Ambani, Nina Kothari, Deepti Salgaocar
- Spouse: Nita Ambani (d. 1985)
- Children: Anant Ambani, Akash Ambani, Isha Ambani
- Relationship: Married
- Net worth: $117.8 billion
Early life
Born on April 19, 1957, in the British colony of Aden (present-day Yemen), Mukesh Ambani came into this world as a member of a Gujarati Hindu family to parents Dhirubhai Ambani and Kokilaben Ambani.
Growing up with younger brother Anil Ambani and two older sisters Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar, Mukesh’s early years were marked by his father’s decision to move the family back to India in 1958.
Dhirubhai then started a trading business focusing on spices and textiles, initially named “Vimal” before being renamed “Only Vimal”. Coming from humble origins, the Ambani family lived in a small two-bedroom apartment in Bhuleshwar, Mumbai until the 1970s.
The family’s financial situation improved slightly when they moved to India; however, even as they prospered, the Ambanis continued to live in a collectivist society, used public transportation, and never received any subsidies.
Dhirubhai eventually bought a 14-storey apartment building called ‘Sea Wind’ in Colaba. Ambani and his brother lived with their family on separate floors here for quite some time.
Education
Ambani’s educational journey began at Hill Grange High School in Peddar Road, Mumbai, where he attended classes with his brother and Anand Jain, who would become close associates.
After high school, he continued his studies at St. Xavier in Mumbai. Ambani continued his academic pursuits by earning a Bachelor of Engineering degree in chemical engineering from the Institute of Chemical Technology. This solid educational foundation will later serve him well as he embarks on a successful business career and startup.
After enrolling for an MBA at Stanford University, Mukesh Ambani withdrew from the program in 1980 to assist his father in building Reliance Industries. The company was still a small business but growing rapidly at the time.
Ambani’s father believed that practical experience was more valuable than classroom learning. So he called his son back to India from Stanford to oversee a fiber manufacturing project within the company. This decision eventually set Ambani on the path to becoming one of India’s most successful business tycoons.
Career
Mukesh Ambani’s career journey is a fascinating story of transforming a prosperous company into a powerful conglomerate. After earning a degree in chemical engineering, Ambani initially pursued an MBA at Stanford University but eventually decided to abandon his studies in 1981 to join his father’s business, Reliance Industries.
Through his strategic leadership and innovative vision, Ambani has succeeded in expanding the company’s reach and influence across various industries.
Mukesh Ambani, chairman and largest shareholder of Reliance Industries, was instrumental in transforming the company from a textile company into a multi-industry conglomerate operating in the petrochemical, refining and telecommunications sectors.
His leadership led to the rapid growth of Reliance Retail, becoming India’s largest retailer, and Jio’s groundbreaking success in revolutionizing the telecommunications sector.
With his business acumen and considerable wealth, Ambani has made Reliance Industries India’s most valuable company. He earned him the title of Asia’s richest person with a net worth exceeding $117 billion.
According to Wikipedia, he is known to have held leadership roles in many of Reliance’s subsidiaries and various industry bodies.
Additionally, CEO Magazine also stated that he owns the Mumbai Indians cricket team and is a co-founder of the Indian Super League. His business tactics have received both positive feedback and negative criticism.
awards and appointments
- Foreign Association, US National Academy of Engineering This prestigious recognition was given to Ambani for his leadership in engineering and business, especially in oil refineries, petrochemical and related industries. Election to the National Academy of Engineering is considered one of the highest professional honors in the field of engineering.
- Ranked 5th best performing global CEO. This recognition highlights Ambani’s strategic vision and leadership, which has made Reliance Industries a global leader.
- The Global Leadership Award is not widely publicized, but it underscores Ambani’s influence on international business.
- Elected as Vice Chairman of the Executive Committee of the World Business Council for Sustainable Development. This appointment reflects Ambani’s commitment to sustainable business practices and his leadership in promoting environmental responsibility in the corporate world.
- US-India Business Council ‘Global Vision’ Award for Leadership This award recognizes Ambani’s contributions to strengthening the economic relationship between the United States and India.
- Economic Times Business Leader of the Year Award. Ambani has received this award twice in recognition of his outstanding leadership in the Indian business community.
- World Media Awards – ‘Most Influential Person’ in Telecom This award by Total Telecom highlights Ambani’s pivotal role in shaping the telecommunications industry, especially through his leadership he at Reliance Jio.
Social Media
- Instagram handle: @mukeshambani304
- Facebook manager: Mukesh Ambani
Personal life
Since marrying Nita Ambani in 1985, Mukesh Ambani has built a strong partnership with his wife in their personal and professional lives. Nita, a famous philanthropist, is actively involved in charitable activities in their family business.
Together, they raised three children—twins Akash and Isha and young son Anant. As the next generation of leaders at Reliance Industries, all three siblings are currently making their mark in various leadership roles within the company.
The Ambani family, known for its luxury and wealth, has gained widespread recognition for their lavish mansion, Antilia, located in Mumbai. This towering 27-story private residence is a symbol of luxury and extravagance, ranking among the most expensive homes globally.
The Ambanis’ residences attracted attention for their majestic and impressive architecture, cementing their status as prominent social figures.
Net value
Mukesh Ambani, a prominent business figure, holds the esteemed position of chairman and managing director at Reliance Industries. The group is recognized as India’s most valuable company based on market value.
With an impressive estimated net worth of $117.8 billion, Mukesh Ambani’s leadership and strategic vision have contributed significantly to the success and growth of Reliance Industries.
