Other

Mukesh Ambani: Asia’s Richest Man & MD of Reliance Industries Ltd.

Get to know Mukesh Ambani, the richest man in Asia and the managing director of India’s biggest company, Reliance Industries Ltd. Read his inspiring story here.

Jon Harper

☰ Questions & Answers show

Mukesh Ambani – More Than Just a Business Magnate

Mukesh Ambani is one impressive guy! He’s not only a business magnate, but also a billionaire, managing director, and shareholder. He’s like the Swiss Army Knife of businessmen. You might know him for being the largest shareholder of Reliance Industries Ltd, the biggest Fortune 500 company in India, but did you know that Forbes has ranked him as the richest man in Asia? Or that he’s number 17 on the list of the richest men in the world as of 2020? This guy was born to succeed.

Speaking of birth, Mukesh Ambani was born into the British colony of Aden, but his family didn’t stay long in Yemen. In 1958, they moved back to India and began a business of textiles and spices. It wasn’t a cakewalk, though. The family lived in a two-bedroom apartment in Mumbai until the 1970s and still used public transportation. Hey, at least he’s humble, right?

Mukesh went to high school in Mumbai and got his university degree in Chemical Engineering from the Institute of Chemical Technology. And if that wasn’t impressive enough, he even received an honorary doctorate from the same institute. He’s basically Dr. Ambani now, folks!

But wait, there’s more. Mukesh also took up an MBA at Stanford University but had to withdraw to help his father in building up Reliance. Talk about dedication to your family’s business! And their hard work paid off because Reliance is now a leader in India when it comes to petrochemicals, retail, and telecommunication.

So there you have it – Mukesh Ambani is a business magnate, billionaire, managing director, and shareholder who was born for success. And if you ever meet him, maybe you can call him Dr. Ambani!

What’s the latest on Mukesh Ambani?

In January 2023, a stock market rout worth $34 billion pulled Gautam Adani, Ambani’s fellow Indian billionaire, out of the world’s top-10 billionaires list. In contrast, Ambani’s net worth was estimated to be $93.8 billion as of November 2022, making him Asia’s second richest person and the world’s eighth richest.

In August 2022, Ambani announced a succession plan for his $220 billion RIL empire, which involves his children taking over the business. The plan was revealed during a shareholder meeting, where Ambani also stated that he has no intention of retiring anytime soon.

In terms of business ventures, Ambani’s Reliance Industries partnered with Abu Dhabi National Oil Company (ADNOC) in 2022 to build a $2 billion petrochemical production facility. In December 2022, Reliance Jio, a subsidiary of Reliance Industries, launched 5G in 11 cities in India in the largest multi-state rollout in the country.

Furthermore, Ambani’s net worth and business endeavors have been regularly featured in Forbes’ annual ranking of the world’s richest people. In 2022, he was ranked as the 10th richest person in the world, while Gautam Adani topped the list of India’s 100 richest people.

Ambani’s personal life has also been in the news, as he purchased a controlling stake in the Mandarin Oriental NYC hotel for $98 million in January 2022. However, rumors about him moving to London with his family have been denied by Ambani.

What nationality is Mukesh Ambani?

Mukesh Ambani is of Indian nationality.

How old is Mukesh Ambani?

Mukesh Ambani is 62 years old. He was born on April 19, 1957, making him an Aries.

How much does Mukesh Ambani weigh?

Mukesh Ambani weighs 90 kg or 198 lbs.

What is Mukesh Ambani’s net worth?

As of 2020, Mukesh Ambani has an estimated net worth of $33.4 Billion.

What is Mukesh Ambani most famous for?

Mukesh Ambani is most famous for being a wealthy Indian business magnate and sports team owner. He is also well known for his luxurious lifestyle, the lavish wedding he provided for his daughter featuring Beyonce, as well as bailing out his once-estranged brother by paying some of his debts.