Mukesh Ambani | Net Worth, Age, Family, & Biography.

Mukesh Ambani is one of the most prominent businessmen in India and is the chairman and largest shareholder of Reliance Industries Limited (RIL), a conglomerate with interests in petrochemicals, refining, oil and gas exploration, textiles, retail, and telecommunications. 

Quick Info 

Full Name: Mukesh Dhirubhai Ambani 

Known for: Chairman and Managing Director of Reliance Industries, India's largest private sector company. 

Born: April 19, 1957, in Aden, Yemen.

Age: He is currently 66 years old (as of 2023). 

Wife: Nita Ambani, a philanthropist and founder of the Reliance Foundation. 

Son: Akash Ambani, who is on the board of Reliance Jio, the company's telecommunications subsidiary. He is married to Shloka Mehta, daughter of a diamond merchant. 

Daughter: Isha Ambani, who is also on the board of Reliance Jio. She is married to Anand Piramal, son of the Piramal Group chairman.

Net Worth: $81.1 billion USD (as of march, 2023). 

Companies: In addition to Reliance Industries, Mukesh Ambani has a stake in several other companies, including Network18, Hathway Cable and Datacom, and the Indian Premier League (IPL) franchise Mumbai Indians.

Reliance Valuation: Reliance Industries has a market capitalization over $184.97 Billion USD, making it one of the most valuable companies in India and the world. 

Net Worth 

According to Forbes, as of March 2023, Mukesh Ambani has a net worth of $81.1 billion USD, making him 13th richest person in the world. According to Forbes, he holds approximately  48% stake in the company, which has a market capitalization of over $184.97 Billion USD. In addition to Reliance Industries, Mukesh Ambani also has significant investments in other companies, such as Network18 and Hathway Cable and Datacom.

Early Life and Education of Mukesh Ambani 

Mukesh Ambani was born on April 19, 1957, in Aden, Yemen. His father, Dhirubhai Ambani, was a successful businessman who founded Reliance Industries. Mukesh Ambani completed his early education in Mumbai and later attended the Institute of Chemical Technology (formerly known as the University Department of Chemical Technology) in Mumbai, where he received a degree in Chemical Engineering.

Mukesh Ambani's Entry into the Family Business

After completing his education, Mukesh Ambani joined Reliance Industries in 1981. He started his career by working in the company's polyester filament yarn project. He was later promoted to manage the company's polyester business. Under his leadership, Reliance Industries expanded its business into petrochemicals and refining, becoming one of the largest players in the industry. 

Mukesh Ambani's Personal Life

Family: 

Mukesh Ambani is married to Nita Ambani, and they have three children, two sons, Akash and Anant, and a daughter, Isha. Nita Ambani is a philanthropist and founder of the Reliance Foundation. The couple has been married since 1985. 

Parents: 

Mukesh Ambani's parents are Dhirubhai Ambani and Kokilaben Ambani. Dhirubhai Ambani was a legendary Indian entrepreneur who founded Reliance Industries in 1966. He is credited with revolutionizing the Indian business landscape through his innovative business strategies and his focus on entrepreneurship. Kokilaben Ambani is a philanthropist who has played an active role in the Reliance Foundation, which she founded along with her husband.

Residences/ House:

The Ambani family owns several properties around the world, including a 27-story residence called Antilia in Mumbai, which is one of the most expensive homes in the world. Mukesh Ambani is also known to have a home in London and owns properties in other parts of India as well. 

Hobbies:

Mukesh Ambani is known to be a fan of cricket and owns the Indian Premier League (IPL) franchise Mumbai Indians. He is also a patron of the arts and has supported various cultural initiatives in India. In his free time, he enjoys spending time with his family. 

Health:

In the past, Mukesh Ambani has struggled with weight-related health issues. However, he has since focused on maintaining a healthy lifestyle and has lost a significant amount of weight. He is known to exercise regularly and follows a strict diet. 

Mukesh Ambani's Rise to Success 

In 1991, Mukesh Ambani became the Director of Reliance Industries, and he played a key role in the company's growth and success. In 2002, he became the Chairman and Managing Director of Reliance Industries after the death of his father, Dhirubhai Ambani. Under his leadership, the company continued to expand its business and became the largest private sector company in India.

Awards & Honors 

1. Padma Vibhushan: In 2016, Mukesh Ambani was awarded the Padma Vibhushan, which is the second-highest civilian award in India, in recognition of his contributions to the fields of trade and industry.

2. Global Vision Award: In 2010, Mukesh Ambani received the Global Vision Award from the Asia Society for his contributions to India's economic growth and development.

3. Business Leader of the Year: In 2010, he was named the Business Leader of the Year by NDTV, an Indian news channel.

4. Forbes India Leadership Award: In 2014, Mukesh Ambani was honored with the Forbes India Leadership Award for his role in shaping the Indian economy.

5. Ernst & Young Entrepreneur of the Year: In 2000, he received the Ernst & Young Entrepreneur of the Year award in recognition of his contributions to the Indian business world.

6. Indian Businessman of the Year: In 1998, Mukesh Ambani was named the Indian Businessman of the Year by Business India, a leading business magazine in India.

Philanthropy Work | Reliance Foundation 

Mukesh Ambani is known for his philanthropy through the Reliance Foundation, which he founded in 2010. The foundation focuses on various social initiatives in India, including education, healthcare, rural development, and disaster response.

Here are some of the notable philanthropic initiatives undertaken by the Reliance Foundation under Mukesh Ambani's leadership:

1. Education: The foundation runs several educational initiatives, such as the Dhirubhai Ambani Scholarship Program, which supports meritorious students from economically weaker sections of society. It has also set up the Jio Institute, a new university that aims to be a world-class institution in the fields of science, technology, and liberal arts.

2. Healthcare: The Reliance Foundation has launched various healthcare initiatives, including mobile medical vans that provide free medical services in remote areas. It has also set up the Sir H.N. Reliance Foundation Hospital and Research Centre, a state-of-the-art medical facility in Mumbai.

3. Rural development: The foundation has undertaken various initiatives to improve the lives of people in rural areas of India. It has set up the Bharat-India Jodo (BIJ) program, which aims to promote sustainable rural development through initiatives such as watershed management, agriculture, and livestock management.

4. Disaster response: The Reliance Foundation has played an active role in disaster response and relief efforts in India. It has provided aid and assistance in the aftermath of disasters such as earthquakes, floods, and cyclones.

5. Art and culture: The foundation has supported various initiatives in the field of art and culture in India. It has partnered with leading cultural institutions such as the National Centre for the Performing Arts (NCPA) and the Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) to promote Indian art and culture. 

Mukesh Ambani's Contributions to the Indian Economy

Mukesh Ambani's contributions to the Indian economy have been significant. His leadership has helped Reliance Industries become one of the largest players in the petrochemical and refining industry. His investments in telecommunications and retail have also been instrumental in transforming the Indian economy. Mukesh Ambani is also known for his philanthropic activities, and he has donated millions of dollars to various charitable organizations in India. 

Conclusion 

Mukesh Ambani's rise to success is a testament to his hard work, leadership, and vision. He has not only transformed his family business into one of the largest private sector companies in India but has also made significant contributions to the Indian economy. As he continues to lead Reliance Industries into the future, his influence on the Indian business landscape is sure to grow even further.