Age, Biography and Wiki

Mukesh Ambani is an Indian business magnate and the chairman, managing director, and largest shareholder of Reliance Industries Limited (RIL), a Fortune Global 500 company and India's most valuable company by market value. He holds a 44.7% stake in the company. As of March 2021, Ambani's net worth was estimated to be US$84.5 billion, making him the wealthiest person in Asia and the ninth-wealthiest person in the world. Ambani is the son of the late Dhirubhai Ambani, the founder of Reliance Industries. He holds a Bachelor of Chemical Engineering degree from the Institute of Chemical Technology, Mumbai. He also holds an MBA from Stanford University. Ambani has been credited with transforming Reliance Industries from a small textile company into a global business conglomerate. He has also been credited with introducing modern retail to India and revolutionizing the Indian telecom sector. He is also the founder of the Reliance Foundation, a philanthropic organization.

Popular As Mukesh Dhirubhai Ambani
Occupation Chairman and MD, Reliance Industries
Age 66 years old
Zodiac Sign Aries
Born 19 April, 1957
Birthday 19 April
Birthplace Aden, Colony of Aden (present-day Yemen)
Nationality India

We recommend you to check the complete list of Famous People born on 19 April. He is a member of famous Chairman with the age 66 years old group. He one of the Richest Chairman who was born in India.

Mukesh Ambani Height, Weight & Measurements

At 66 years old, Mukesh Ambani height is 1.69 m .

Physical Status
Height 1.69 m
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Mukesh Ambani's Wife?

His wife is Nita Ambani (m. 1985)

Family
Parents Dhirubhai Ambani (father) Kokilaben Ambani (mother)
Wife Nita Ambani (m. 1985)
Sibling Not Available
Children Isha Ambani, Akash Ambani, Anant Ambani

Mukesh Ambani Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Mukesh Ambani worth at the age of 66 years old? Mukesh Ambani’s income source is mostly from being a successful Chairman. He is from India. We have estimated Mukesh Ambani's net worth , money, salary, income, and assets.

Net Worth in 2023 52.7 billion USD (2020)
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Chairman

Mukesh Ambani Social Network

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Timeline

2017

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 Kings 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."

2016

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 January 2018, Mukesh Ambani was ranked by Forbes as the 18th-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.

2014

Ambani directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, which had the capacity to produce 660,000 barrels per day (33  million tonnes per year) in 2010, integrated with petrochemicals, power generation, port, and related infrastructure. In December 2013 Ambani announced, at the Progressive Punjab Summit in Mohali, the possibility of a "collaborative venture" with Bharti Airtel in setting up digital infrastructure for the 4G network in India. On 18 June 2014, Mukesh Ambani, while addressing the 40th AGM of Reliance Industries, said he will invest Rs 1.8  trillion (short scale) across businesses in the next three years and launch 4G broadband services in 2015. In February 2016, Ambani-led Jio launched its own 4G smartphone brand named LYF. In June 2016, it was India's third-largest-selling mobile phone brand. The release of the service Reliance Jio Infocomm Limited, commonly known as Jio, in September 2016 was a success, and Reliance's shares increased. During the 40th annual general meeting of RIL, he announced bonus shares in the ratio of 1:1 which is the country's largest bonus issue in India, and announced the Jio Phone at an effective price of ₹0. As of February 2018, Bloomberg's "Robin Hood Index" estimated that Ambani's personal wealth was enough to fund the operations of the Indian federal government for 20 days.

In February 2014, a First Information Report (FIR) alleging criminal offenses was filed against Mukesh Ambani for alleged irregularities in the pricing of natural gas from the KG basin. Arvind Kejriwal, who had a short stint as Delhi's chief minister and had ordered the FIR, has accused various political parties of being silent on the gas price issue. Kejriwal has asked both Rahul Gandhi and Narendra Modi to clear their stand on the gas pricing issue. Kejriwal has alleged that the Centre allowed the price of gas to be inflated to eight dollars a unit though Mukesh Ambani's company spends only one dollar to produce a unit, which meant a loss of Rs. 540 billion to the country annually.

2012

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.

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.

2008

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.

2007

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.

2002

On 6 July 2002, Mukesh's father died after suffering a second stroke, which elevated tensions between the brothers as Dhirubhai had not left a will for the distribution of the empire in 2004. Their mother intervened to stop the feud, splitting the company into two, Ambani receiving control of Reliance Industries Limited and Indian Petrochemicals Corporation Limited, which was later approved by the Bombay High Court in December 2005.

1985

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.

1980

Ambani attended the Hill Grange High School at Peddar Road, Mumbai, along with his brother and Anand Jain, who later became his close associate. He received BE degree in Chemical Engineering from Institute of Chemical Technology 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. Dhirubhai believed that real-life skills were harnessed through experiences and not by sitting in a classroom, so he called him back to India from Stanford to take command of a yarn manufacturing project in his Company. He has been quoted as saying that he was influenced by his Professor/s William F. Sharpe and Man Mohan Sharma because they are "the kind of Professors who made you think out of the box."

In 1980, the Indian government under Indira Gandhi opened PFY (polyester filament yarn) manufacturing to the private sector. Dhirubhai Ambani applied for a license to set up a PFY manufacturing plant. Obtaining the license was a long-drawn-out process requiring a strong connection within the bureaucracy system because the government, at the time, was restricting large-scale manufacturing, making the importation of yarn for the textiles impossible. In spite of stiff competition from Tatas, Birlas and 43 others, Dhirubhai was awarded the license, more commonly addressed as License Raj. To help him build the PFY plant, Dhirubhai pulled his eldest son out of Stanford, where he was studying for his MBA, to work with him in the company. Ambani did not return to his university program, leading Reliance's backward integration, where companies own their suppliers to generate more revenue and improve efficiency, in 1981 from textiles into polyester fibers and further into petrochemicals, which the yarns were made from. After joining the company, he reported daily to Rasikbhai Meswani, then executive director. The company was being built from scratch with the principle of everybody contributing to the business and not heavily depend on selected individuals. Dhirubhai treated him as a business partner allowing him the freedom to contribute even with little experience. This principle came into play after Rasikbhai's death in 1985 along with Dhirubhai suffering a stroke in 1986 when all the responsibility shifted to Ambani and his brother. Mukesh Ambani set up Reliance Infocomm Limited (now Reliance Communications Limited), which was focused on information and communications technology initiatives. At the age of 24, Ambani was given charge of the construction of Patalganga petrochemical plant when the company was heavily investing in oil refinery and petrochemicals.

1958

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.

1957

Mukesh Dhirubhai Ambani (born 19 April 1957) 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. Until April 2020, Mukesh Ambani was the richest man in Asia.

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.