Currently, Mukesh Ambani’s net worth stands at $96.5 billion as of 2022. He is an Indian business magnate. He has amassed his fortune through his work at Reliance Industries, a Fortune 500 company where he serves as chairman, managing director, and largest shareholder, as well as through other ventures.
Mukesh Ambani Net Worth 2022
|Net Worth:||$96.5 Billion(2022)|
|Date of Birth:||Apr 19, 1957 (64 years old)|
|Height:||5 ft 6 in (1.69 m)|
Mukesh Ambani Early Life
He was born on April 19, 1957, in the British Crown colony of Aden, which is now part of modern-day Yemen, to Mukesh Dhirubhai Ambani and his wife, Anita. He is the eldest of three siblings, the youngest of whom is his younger brother. In 1958, the family returned to India, where his father established a spice and textile trading business in Mumbai, which he still operates today.
The Hill Grange High School in Mumbai served as his high school, and he went on to earn a Bachelor’s in Engineering degree in Chemistry from the Institute of Chemical Technology (formerly the University Department of Chemical Technology).
Mukesh Ambani Career
Polyester filament yarn (PFY) manufacturing was made available to the private sector in 1980, and Ambani’s father applied for a license to set up a plant in the industry, beating out competition from over forty other businesses to receive the license. Ambani, the family’s eldest son, was pulled out of his MBA program at Stanford by his father, who placed a high value on hands-on experience over classroom learning, to assist in the construction of the PFY plant. Following the death of executive director Rasikbhai Meswani, as well as his father’s stroke in 1986, the company’s management was transferred to Ambani and his brother, Anil, in 1987.
It was through Reliance Infocomm Limited, now known as Reliance Communications Limited, that he was able to pursue his interest in information and communications technology (ICT). At the age of 24, Ambani was also given the responsibility of overseeing the construction of the Patalganga petrochemical plant, as the company began to make significant investments in oil refineries and petrochemicals.
Following their father’s death in 2002, following a second stroke, the absence of a will detailing the distribution of the family’s business empire resulted in a rift between Ambani and his brother Anil, who became embroiled in a bitter legal battle. In the end, their mother interceded and divided the company in half. In a move approved by the Bombay High Court in December 2005, Anil Ambani acquired control of Reliance Industries Limited and Indian Petrochemicals Corporation Limited. The following year, Ambani directed and built the world’s largest grassroots petroleum refinery in Jamnagar, India, which had the capacity to produce 660,000 barrels per day, or 33 million tonnes of oil per year, after the company was split up.
Multiple ventures and partnerships enabled him to continue the expansion of his empire into the future. Following his announcement in 2013 of the possibility of a collaborative venture with Bharti Airtel in order to set up digital infrastructure for India’s 4G network, he became heavily involved in the country’s transition to 4G. Later, in 2014, he stated that he would invest Rs 1.8 trillion across various businesses over the next three years, with plans to launch 4G broadband services in the first quarter of 2015. As part of its own 4G smartphone brand “LYF,” Reliance’s Jio, which is also led by Ambani, launched in February 2016 and quickly rose to become India’s third-largest selling mobile phone brand by June 2016. Among Reliance’s subsidiaries is Reliance Retail Ltd., which is the country’s largest retailer by sales volume.
In 2010, the Harvard Business Review ranked Ambani as the 5th best performing global CEO, and he was named to the Forbes 30 Under 30 list. A significant portion of his personal net worth has been accrued through his leadership of the various Reliance ventures. According to Bloomberg’s “Robin Hood Index,” Ambani’s personal wealth at the time was sufficient to fund the entire operations of the Indian federal government for 20 days, according to an estimate made in February 2018. As of 2016, he has consistently held the title of India’s richest person on the Forbes list for the past ten years, and he is the only Indian businessman to appear on Forbes’ list of the world’s most powerful people. He is the founder and CEO of Reliance Industries. As of July 2018, he had surpassed Jack Ma, the executive chairman of the Alibaba Group, to become Asia’s wealthiest individual.
Mukesh Ambani Criminal Offense Allegations
In February 2014, a First Information Report was filed against Ambani, alleging that he had committed criminal offenses. According to the report, there have been pricing irregularities in natural gas from the KG Basin.
Mukesh Ambani, Still he is the richest Business Man in India?
Forbes magazine compiles and publishes an annual assessment of wealth and assets, which results in a ranking of the richest Indians based on their net worth. As of May 2022, India had 140 billionaires, placing the country third in the world behind the United States and China in terms of wealth. Mukesh Ambani has held the title of richest Indian for the past 13 years in a row. According to Forbes, he is currently the 12th richest person on the planet.
Mukesh Ambani Personal life
During a dance performance in which Nita was a participant, Ambani’s father saw them and decided to arrange a marriage for them. Nita and Ambani were married in 1985. Two sons and a daughter were born to the couple in their marriage.
During his wife’s 44th birthday celebration in 2007, Ambani surprised her with a $60 million Airbus A319 jet. In addition to a living room and bedroom, the Airbus includes custom fittings for a sky bar, a Jacuzzi, and an office. It has a capacity of 180 passengers and is equipped with satellite television, WiFi, a Jacuzzi, and an office.
Numerous honors have been bestowed upon him, including the Ernst & Young Entrepreneur of the Year Award (2000), the Financial Chronicle’s Businessman of the Year Award (2010), the Business Council for International Understanding’s Global Leadership Award (2010), and the Chemical Heritage Foundation’s Othmer Gold Medal (2005). (2016). His honorary Doctorate of Science from the M.S. University of Baroda is another achievement.
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Mumbai Mansion is a luxurious residence in Mumbai
Located in Mumbai’s Antilia, a private 27-story building with a market value of over $1 billion, Mukesh and his family live a luxurious lifestyle. On the construction of the building, he is said to have spent $1 billion in his own personal funds. The complex is so large that it necessitates a 600-person staff to oversee and maintain its various amenities, which include three helipads, a 160-car garage, a private movie theatre, a swimming pool, and a fitness center.