Meet Mukesh Ambani, Asia’s richest man; know about his lifestyle, net worth, businesses, family, and Disney deal – The Financial Express

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 has a younger brother Anil Ambani, and two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar.

Dhirubhai Ambani moved back to India in 1958 and started a trading business that focused on spices and textiles. For the unversed, his clothing business was originally named Vimal but later changed to Only Vimal.

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.

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