Mukesh Dhirubhai Ambani, an Indian billionaire businessman and Asia’s richest man, is the chairman and managing director of Reliance Industries. He runs $110 billion (revenue) Reliance Industries, which has interests in petrochemicals, oil and gas, telecom, retail and financial services.
Mukesh Ambani’s early life
Born on April 19, 1957, in Yemen into a Gujarati Hindu family to Dhirubhai Ambani and Kokilaben Ambani, Mukesh Ambani
Dhirubhai Ambani moved back to India
Mukesh Ambani’s family
In the 1970s, Mukesh Ambani and his family used to live in a two-bedroom apartment in Bhuleshwar, Mumbai. Eventually, Dhirubhai Ambani bought a 14-floor apartment block called Sea Wind in Mumbai’s Colaba area.
In 1985, Mukesh Ambani married Nita Ambani. The couple have two sons, Akash and Anant, and a daughter, Isha. They live in Antilia, a private 27-storey building in Mumbai, which was valued at US$1 billion and was the most expensive private residence in the world at the time it was built.
Mukesh Ambani’s education
Mukesh Ambani went to the Hill Grange High School in Mumbai’s Peddar Road. He attended the school with his brother and Anand Jain, who later became his close associate. The billionaire then went to St. Xavier’s College and received a BE degree in chemical engineering from the Institute of Chemical Technology.
He then did his MBA from Stanford University but withdrew in 1980 to help his father build Reliance
Mukesh Ambani’s career
Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer. In 1981, he came back to India to help his father Dhirubhai Ambani with their family business – Reliance Industries Limited. After his father died in 2002, Ambani and his younger sibling Anil divvied up the family empire.
Mukesh Ambani’s deal with Disney
Mukesh Ambani’s RIL is reportedly nearing a deal to acquire Disney India’s television and digital businesses, in what could be the largest such deal in the Indian entertainment landscape.
Jio Platforms, Network18 Group, Reliance Petroleum, Hathway Cable & Datacom, DEN Network, etc., are some of the principal subsidiaries of the conglomerate.
Mukesh Ambani’s net worth
As per Forbes, Mukesh Ambani has an estimated net worth of $86.9 billion.