06:05
+8 C°
Traffic jam:   0
$
72.7245
85.2040
AMBANI Mukesh
Person
AMBANI Mukesh

AMBANI
Mukesh

Chairman and MD of the Reliance Industries

Organization: Reliance Industries

Fortune($mln)~: 84500

Date of Birth: 19 April 1957

Age: 64 years old

Zodiac sign: Aries

Profession: Chairman

Content

Biography

Mukesh Dhirubhai Ambani is an Indian billionaire business magnate, and the chairman, managing director, and largest shareholder of Reliance Industries Ltd. (RIL), a Fortune Global 500 company and India's most valuable company by market value. He is the richest person in Asia with a net worth of US$81.1 billion, and as of October 2020, the 6th richest in the world.

Early life

Mukesh Dhirubhai Ambani was born on 19 April 1957 in the British Crown colony of Aden (in present-day Yemen) to Dhirubhai Ambani and Kokilaben Ambani. He has a younger brother Anil Ambani and two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaocar.

Ambani lived only briefly in Yemen because his father decided to move back to India in 1958 to start a trading business that focused on spices and textiles. The latter was originally named "Vimal" but later changed to "Only Vimal." His family lived in a modest two-bedroom apartment in Bhuleshwar, Mumbai until the 1970s. The family's financial status slightly improved when they moved to India but Ambani still lived in a communal society, used public transportation, and never received an allowance. Dhirubhai later purchased a 14-floor apartment block called 'Sea Wind' in Colaba, where, until recently, Ambani and his brother lived with their families on different floors.

Education

Ambani attended the Hill Grange High School at Peddar Road, Mumbai, along with his brother and Anand Jain, who later became his close associate.[13] After his secondary schooling, he studied at the St. Xavier's College, Mumbai.[14] He then received a BE degree in Chemical Engineering from the Institute of Chemical Technology.[15][16]

Ambani later enrolled for an MBA at Stanford University but withdrew in 1980 to help his father build Reliance, which at the time was still a small but fast-growing enterprise. His father felt that real-life skills were harnessed through experiences and not by sitting in a classroom, so he called his son back to India from Stanford to take command of a yarn manufacturing project in his company.

Ambani has been quoted as saying that he was influenced by his teachers William F. Sharpe and Man Mohan Sharma because they are "the kind of professors who made you think out of the box."

Career

In 1981 he started to help his father Dhirubhai Ambani run their family business, Reliance Industries Limited. By this time, it had already expanded so that it also dealt in refining and petrochemicals. The business also included products and services in retail and telecommunications industries. Reliance Retail Ltd., another subsidiary, is also the largest retailer in India. Reliance's Jio has earned a top-five spot in the country's telecommunication services since its public launch on 5 September 2016.

As of 2016, Ambani was ranked 38 and has consistently held the title of India's richest person on Forbes magazine's list for the past ten years. He is the only Indian businessman on Forbes' list of the world's most powerful people. As of October 2020, Mukesh Ambani was ranked by Forbes as the 6th-wealthiest person in the world. He surpassed Jack Ma, executive chairman of Alibaba Group, to become Asia's richest person with a net worth of $44.3 billion in July 2018. He is also the wealthiest person in the world outside North America and Europe. As of 2015, Ambani ranked fifth among India's philanthropists, according to China's Hurun Research Institute. He was appointed as a Director of Bank of America and became the first non-American to be on its board.

Through Reliance, he also owns the Indian Premier League franchise Mumbai Indians and is the founder of Indian Super League, a football league in India. In 2012, Forbes named him one of the richest sports owners in the world. He resides at the Antilia Building, one of the world's most expensive private residences with its value reaching $1 billion.

Personal life

He married Nita Ambani in 1985 and they have two sons; Anant and Akash, and a daughter, Isha. They met after his father attended a dance performance which Nita took part in and thought of the idea of arranging a marriage between the two.

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. The building requires a staff of 600 for maintenance, and it includes three helipads, a 160-car garage, private movie theater, swimming pool, and fitness center.

In 2007, Ambani gifted his wife a $60 million Airbus A319 for her 44th birthday. The Airbus, which has a capacity of 180 passengers, has been custom-fitted to include a living room, bedroom, satellite television, WiFi, sky bar, Jacuzzi, and an office.

Ambani was titled "The World's Richest Sports Team Owner" after his purchase of the IPL cricket team Mumbai Indians for $111.9 million in 2008.

In an interview with Rajdeep Sardesai in March 2017, he said that his favourite food continued to be idli sambar and his favourite restaurant remains Mysore Café, a restaurant in King's Circle (Mumbai) where he used to eat as a student at UDCT. Mukesh Ambani is a strict vegetarian and teetotaler. He is a very big fan of Bollywood movies, watching three a week because he says "you need some amount of escapism in life."

During the fiscal year ending 31 March 2012, he reportedly decided to forgo nearly ₹240 million from his annual pay as chief of Reliance Industries Ltd (RIL). He elected to do this even as RIL's total remuneration packages to its top management personnel increased during that fiscal year. Mukesh Ambani holds a 44.7% stake in the company. This move kept his salary capped at ₹150  million for the fourth year in a row.

In early 2019, a court in Mumbai held his younger brother, Anil Ambani, in criminal contempt for non-payment of personally guaranteed debt Reliance Communications owed to Swedish gearmaker Ericsson. Instead of jail time, the court gave Anil a month to come up with the funds. At the end of the month, Mukesh bailed out his younger brother, paying the debt.

In 2021, Forbes estimated his fortune at $84500 million.

Rating GlobalNY.biz

Takes place
general
№360
general
Takes place
area
№205
In rating
Business
area
Takes place
№19
In rating
Chairman
profession

Mentioned together

CEO of Tesla
1 place
Industrialist, media proprietor, and investor
2 place
Internet entrepreneur and philanthropist, CEO of Facebook
3 place
Businessman and Co-founder of the Microsoft
4 place
Chairman and CEO of the Louis Vuitton Moët Hennessy
5 place

Born in one day

Date of Birth: 19.04.1957. Age: 64. Zodiac sign: Aries (Rooster) .
Horoscope Aries: horoscope for today, horoscope for tomorrow, horoscope for week, horoscope for month, horoscope for year.
Days left until next birthday: 206 Days.
Chief Executive Officer of MediaTek
1 place
Chief economist of Deutsche Bank
2 place
Chief Executive Officer of Kimco Realty
3 place

Discussion

Profile statistic

mentions
views
Companies rating
White House
15 Persons
United States Department of State
6 Persons
Google (Alphabet Inc)
5 Persons
Microsoft
5 Persons
European Commission
5 Persons
National Aeronautics and Space Administration (NASA)
5 Persons
United States House of Representatives
4 Persons
Walmart
4 Persons
Blackstone
4 Persons
United States Senate
4 Persons
GlobalNY.biz pays special attention to the activities of famous people: politicians, officials, businessmen, bankers, cultural and sports figures. Their opinion largely determines the development of political, social and economic life in New York. The section is constantly edited by our journalists for the relevance of information. Here you can find information about CEOs and presidents of top New York companies, officials and public figures who play a key role in the development of the region.
The goal of the project is to create a comfortable information space for all market actors, as well as to acquaint the readership with business people in New York.
We have created an impressive database of people in New York, which contains information about a career path, education and other important information about a person.
Thanks to automatic counting of the number of mentions of a person in the news sections " New York News ”and“ New York Press Releases ”on the portal the rating of popularity and influence of persons is formed. The GlobalNY.biz team monitors rating changes and rewards project participants for their success. In general, the rating of participants is based on an in-depth analysis of the activity of PR services of famous people, and also reflects the qualitative state of the information field formed by the media and press services around the organization.
Business People of New York is a project about people who, through their ideas, words and deeds, have a great influence on the development and prosperity of New York.
Alena Potapova

Development Director