Entrepreneur

Mukesh Ambani Net Worth

Original Name Mukesh Dhirubhai Ambani
Mukesh Ambani Net Worth $20.9 billion (USD)
Annual Income
Husband  Nita Ambani

Mukesh Ambani, one of India’s leading business tycoons is the richest man in India at net worth of $20.9 billion dollars. He is one of the leading Managing Director along with chairman. Apart from that he is currently the largest shareholder of Reliance Industries Limited. Forbes has ranked him as the 36th most powerful person in the world and has been topping the list of India’s richest people for the last 8 years.

Indian Businessman Mukesh Ambani

Biography

Mukesh Ambani was born to legendary entrepreneur and visionary Dhirubhai Ambani and Kokilabai Ambani on 19th April 1957. He attended Hill Grange High School in Mumbai where his current business associate Anand Jain was his classmate. As a child Mukesh excelled in his studies. In an interview, Mukesh said that his father has arranged for a special tutor who would spend time with all the Ambani children, ensuring their all round development by playing sports, exploring Bombay through buses and staying in villages for long periods of time.

Ambani later went to on to complete his BE degree in Chemical Engineering from the prestigious Institute of Chemical Engineering in Matunga. He wished to pursue his studies further and decided to enrol at Stanford University to complete his MBA. It was during this time that the then Indira Gandhi government privatised polyester filament yarn manufacturing. Up until then, Reliance was centred on textiles. Dhirubhai Ambani finally pulled Mukesh out of business school to help the transition from textiles to PFY manufacturing and his joining sparked the growth of the company by leaps.

Mukesh Ambani spearheaded the foray of Reliance Industries into the petrochemical world which turned out to be a very successful move. He was also responsible for the development of Reliance Communications Limited which is now headed by his younger brother Anil Ambani. Mukesh also was the driving force behind the creation of the world’s largest petroleum refinery at Jamnagar in India. Among the two brothers, Mukesh is known to have been the major force behind the diversification and global expansion plan of Reliance.

After Dhirubhai Ambani’s death in 2002, the brothers assumed joint control of Reliance Industries. Feuds soon broke out between the two which prompted their mother to split the assets of Reliance such that Mukesh now retained control of the Reliance gas, oil and petrochemical units. In 2006, Mukesh Ambani was chosen to chair the World Economic Forum. In 2007, he became India’s first rupee trillionaire.

Properties and Cars

The Ambani brothers formerly occupied all 14 floors of the Luxury Sea Wind apartment in Colaba which was owned by Dhirubhai Ambani. However, the rivalry between the brothers caused them to shift residences. Mukesh Ambani along with his family now lives in the extravagant 60 story high building named Antilla, which is estimated to cost around $2 billion and is the world’s most expensive private residence. He is also the owner of several beautiful cars like the Maybach 62, the Mercedes Benz S class, Bentley Flying Spur and the Rolls Royce Phantom to just name a few.

Net Worth          

Worth a mind boggling $20.9 billion, Mukesh Ambani stands to be the richest man in India which justifies his position at the helm of a Fortune 500 Company.

About the author

Rita