About Mukesh Ambani
Reliance Industries Ltd's Mukesh Ambani, born on April 19, 1957, in Yemen, is now Asia's wealthiest with a $92 billion net worth as per December 2023. Heading India's most valued firm, this influential magnate, with a BE in chemical engineering from ICT and an unfinished MBA from Stanford, has expanded Reliance into various sectors, including retail and telecom, earning both admiration and controversy. Residing in Mumbai's Antilia, Ambani's achievements include Padma Vibhushan (2019) and being Times' 100 most influential (2019). Despite success, he faced a Rs. 950 crore fine for stock manipulation in 2007.
Born April 19, 1957 in Aden, Yemen
Age 67 years
Citizenship India
Residence Mumbai
Source Of Wealth Diversified
Industries Diversified
Education Drop Out, Stanford University; Bachelor of Science in Engineering, University of Mumbai
Spouse Nita Ambani (Married: 1985)
Children 3
Parent Dhirubhai Ambani (father),
Kokilaben Ambani (mother)
Mukesh Dhirubhai Ambani was born on April 19, 1957, in Aden (present-day Yemen) to a Gujarati Hindu family. He spent his early years in Yemen before moving to India in 1958. His family lived in a modest two-bedroom apartment in Bhuleshwar, Mumbai until the 1970s. Ambani attended Hill Grange High School and St. Xavier's College in Mumbai. He then went on to receive a BE degree in chemical engineering from the Institute of Chemical Technology. Ambani enrolled for an MBA at Stanford University but withdrew in 1980 to help his father build Reliance. Mukesh Ambani: Family Mukesh Ambani is married to Nita Ambani since 1985. They have two sons, Akash and Anant, and a daughter, Isha. The Ambani family resides in Antilia, a 27-story private building in Mumbai valued at $1 billion. Mukesh Ambani: Career Highlights Mukesh Ambani joined Reliance Industries Limited in 1981 to help his father run the family business. Under his leadership, Reliance expanded into refining, petrochemicals, retail, and telecommunications industries. Reliance Retail Ltd. is the largest retailer in India, while Reliance's Jio has become a top-five telecommunication service provider in the country. Ambani has consistently held the title of India's richest person on Forbes magazine's list for the past ten years and is the only Indian businessman on Forbes' list of the world's most powerful people. Mukesh Ambani: Companies Mukesh Ambani is the chairman and managing director of Reliance Industries Limited, India's most valuable company by market value. He also owns the Indian Premier League franchise Mumbai Indians and is the founder of the Indian Super League. Mukesh Ambani: Major Achievements Some of Mukesh Ambani's major achievements include setting up a PFY manufacturing plant, taking charge of Reliance's vertical integration from textiles to petrochemicals, and establishing Reliance Infocomm Limited focused on information and communications technology. He also directed the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, and launched Reliance Jio Infocomm Limited (Jio) in 2016, which became a huge success.
In 2022, he announced a $25 billion plan for launching 5G mobile internet services in India. Mukesh Ambani: Awards & Achievements Mukesh Ambani has received numerous awards and honors, including the Padma Vibhushan, India's second-highest civilian honor, in 2019. He was also recognized as Asia's Businessman of the Year by Fortune magazine in 2010 and received the Ernst & Young Entrepreneur of the Year Award in 2000. Mukesh Ambani: Personal Life & Legacy Mukesh Ambani is a strict vegetarian and teetotaler. He forgoes a significant portion of his annual salary and is known for his philanthropic activities. Ambani is also an avid sports fan and owns several sports teams, including the Mumbai Indians cricket team and the Mumbai City FC football club. Mukesh Ambani: Trivia Mukesh Ambani owns a custom-fitted Airbus A319 for personal use and resides in Antilia, one of the world's most expensive private residences valued at $1 billion. He was fined Rs. 950 crores for manipulating shares of Reliance Petroleum Limited in 2007.
Mukesh Ambani: Timeline
1957-04-19 Mukesh Dhirubhai Ambani was born in Aden (present-day Yemen) to a Gujarati Hindu family. 1958 Moved to India with his family and settled in Bhuleshwar, Mumbai. 1980 Withdrew from Stanford University's MBA program to help his father build Reliance. 1981 Joined Reliance Industries Limited to assist his father in running the family business. 1980s-1990s Helped set up a PFY manufacturing plant and took charge of Reliance's vertical integration from textiles to petrochemicals. Established Reliance Infocomm Limited focused on information and communications technology. 2002 Became chairman and managing director of Reliance Industries Limited after his father's death. 2000s-present Directed the creation of the world's largest grassroots petroleum refinery at Jamnagar, India. Launched Reliance Jio Infocomm Limited (Jio) in 2016, which became a huge success. Announced a $25 billion plan for launching 5G mobile internet services in India in 2022. 2007 Fined Rs. 950 crores for manipulating shares of Reliance Petroleum Limited. 2010 Named Asia's Businessman of the Year by Fortune magazine. 2016 Ranked as the 36th richest person in the world. 2018-July Surpassed Jack Ma to become Asia's richest person. 2019 Listed by Time magazine as one of the 100 most influential people. Awarded the Padma Vibhushan, India's second-highest civilian honor, and the Global Vision Award by the US-India Business Council. 2020-October Ranked as the 6th-wealthiest person in the world by Forbes. 2023-December Estimated net worth of $92 billion, making him the richest person in Asia and 15th richest in the world.
