MUKESH AMBANI – Biography, Age, Family, Net-worth & Businesses

MUKESH AMBANI – Biography, Age, Family, Net-worth & Businesses

WHO IS MUKESH AMBANI?

Mukesh Ambani is the chairman of ‘Reliance Industries Limited,’ an Indian conglomerate (RIL). He is one of the world’s wealthiest persons. Indians regard him as one of the world’s most powerful and richest people. The fact that his company is today India’s most valuable corporation in terms of market value is an indication of his genius and success.

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MUKESH AMBANI – Biography, Age, Family, Net-worth & Businesses

BIOGRAPHY

Dhirubhai Ambani and Kokilaben Ambani welcomed him into the world on April 19, 1957, in Aden, Yemen. Dipti Salgaoncar and Nina Kothari are his sisters, while Anil Ambani is his younger brother.

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When Dhirubhai Ambani moved to Mumbai from Yemen to start his own spice business in 1958, he worked for a company there. Eventually, he became one of India’s most well-known business tycoons by focusing on the textile industry.

‘Hill Grange High School, Mumbai,’ was Mukesh’s primary school, where he was educated alongside his brother. He then went on to study chemical engineering at Matunga’s ‘Institute Of Chemical Technology.

MUKESH AMBANI – Biography, Age, Family, Net-worth & Businesses

Master of Business Administration (MBA) degree: He went to “Stanford University” in the United States to acquire this degree (MBA). When his father decided to start “Reliance Industries,” he decided to drop out of college to help out.

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FAMILY, MARRIAGE AND PERSONAL LIFE

Mukesh and Nita Ambani married in 1985. Anant Ambani and Akash Ambani are the couple’s two sons, while Isha Ambani is their daughter. When Dhirubhai Ambani saw Nita perform at a dance show, he set up the couple’s marriage.

Antilia, a 27-story private residence, is valued at $1 billion USD. Six hundred people work in the building’s maintenance department, which also includes three helipads, a 160-car garage, a private movie theater, a swimming pool, and a health club.

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Indian cuisine is Mukesh Ambani’s favorite, and his favorite Mumbai restaurant is Mysore Cafe (he used to eat at this place during his college time).

MUKESH AMBANI – Biography, Age, Family, Net-worth & Businesses

CAREER 

A polyester filament yarn (PFY) manufacturing plant was established by his father upon his return. Reliance Industries hired him on as an official employee in 1981.

He emerged as the driving force behind Reliance’s transition from textiles to polyester fibre and then petrochemicals. The 51 new world-class manufacturing facilities he oversaw, utilizing a variety of cutting-edge technologies, increased Reliance’s production capacity.

He was also instrumental in the creation of ‘Reliance Infocomm Limited,’ a company specializing in information and communications technology initiatives. His younger brother took over the company, now known as ‘Reliance Communications Limited,’ after the business was split between the two brothers

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MUKESH AMBANI – Biography, Age, Family, Net-worth & Businesses

In 2008, his company, ‘Reliance Industries,’ purchased a cricket team in ‘The Indian Premier League for $111.9 million.
On top of all of these roles, he is currently serving as chairman of ‘Reliance Industries Limited,’ as well as the chairman of the ‘Employees Stock Compensation Committee.’

There are five main divisions in his company’s current operations: exploration and production, refining and marketing, petrochemicals, retail, and telecommunications. In terms of market value, it is India’s most valuable company and a member of the Fortune Global 500. “Bank of America Corporation” and “Council on Foreign Relations International Advisory Board” were two of the organizations he held positions with. The ‘Board of Indian Institute of Management Bangalore’ has also had him as its chairman in the past (IIMB).

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In September 2016, he launched ‘Jio,’ a 4G network he founded with his company ‘Reliance Jio Infocomm Limited,’ which he popularly referred to as ‘Reliance Jio.’ Many international companies have partnered with his company “Reliance,” including BP plc, “Niantic Inc.,” “Network 18,” and “Eros International,” among others.

MUKESH AMBANI – Biography, Age, Family, Net-worth & Businesses

– He is a Member of the Board of Governors Institute of Chemical Technology, Mumbai.

2- Mukesh Ambani is the Chairman, Managing Director, Chairman of Finance Committee and Member of the Employees Stock Compensation Committee at Reliance Industries Limited.

3- He is the former chairman of Indian Petrochemicals Corporation Limited.

4-  He is the former vice-chairman of Reliance Petroleum.

5- He is the Chairman of the board at Reliance Petroleum.

6- Ambani serves as the Chairman and Chairman of the Audit Committee of Reliance Retail Limited.

7- He also serves as the Chairman of Reliance Exploration and Production DMCC.

8- He was the former Director, Member of Credit Committee and Member of Compensation & Benefits Committee at Bank of America Corporation.

9- He currently serves as the President of Pandit Deendayal Petroleum University, Gandhinagar, Gujarat.

MUKESH AMBANI INVESTMENTS & BUSINESSES TILL DATE

• Currently, Mukesh Ambani serves as chairman and CEO of Reliance Industries, a $74 billion (revenue) petrochemicals, oil and gas, telecommunications, and retail conglomerate.
• In 1966, Dhirubhai Ambani, a yarn trader, launched Reliance as a tiny textile factory.
• When Ambani’s father died in 2002, he and his younger brother Anil split up the family business.
• Launching Jio’s 4G phone and broadband service in 2016 set off a telecom price war. Google and Facebook are among the current shareholders in Jio, which was founded in 2012.
• Ambani is transforming Reliance into a green power company. Over the next 10-15 years, the firm plans to invest $80 billion on renewable energy and the construction of a new complex adjacent to its refinery.

NET WORTH

Mr Mukesh Ambani has a net worth of 101.2 Billion USD at the time of this publication, which is approximately equal to Rs 6.78 lakh crore in Indian currency.

Most of Mr. Ambani’s income comes from the oil and gas industry, but the introduction of Jio has seen a significant increase in his net worth.

Currently, he is the richest Indian and the Tenth richest person on the planet.

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