Mukesh Ambani-the Indian business tycoon is the richest man of Indian and entire Asia. With a net worth of $68.7 billion, he is the 9th richest person globally. According to Forbes and Bloomberg, his wealth has doubled over the past ten years. But that is not what he was born with. Of Course, he was
Mukesh Ambani-the Indian business tycoon is the richest man of Indian and entire Asia. With a net worth of $68.7 billion, he is the 9th richest person globally. According to Forbes and Bloomberg, his wealth has doubled over the past ten years.
But that is not what he was born with. Of Course, he was born to the business legend Dhirubhai Ambani. But he took the shares of reliance industries into the sky and emerged as the wealthiest person of Asia. The entire life of Mukesh Ambani is an idea and inspiration. His techniques of running a business and getting enormous success are extremely brilliant. He always worked for 63 years to build the Empire of which he is the king. His life is exemplary to all those who dream of achieving success. He is an idea to those who have to carry forward a legacy of their parents and take it to the top.
Let we have a glance at his life in detail:
Mukesh Ambani was born on 19 April 1957, in Yemen to his parents Dhirubhai Ambani and Kokilaben. He has three siblings, younger brother Akash Ambani and sisters Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaocar.
Mukesh merely lived one year in Yemen. In 1958, his entire family came to India to work on Vimal’s trading and business (spices and textiles).
He did his initial schooling from Hill Grange High School at Peddar Road, Mumbai, and later joined St. Xavier’s college. From the Institute of Chemical Technology, he graduated with a degree of bachelors in engineering. After his graduation, he moved to pursue his MBA from Stanford University. But it was in 1980 when he left the classroom learning and stepped into the practical and vast world of knowledge. He dropped out of college and came to India to help his father, Dhirubhai Ambani, with the Reliance company.
Mukesh Ambani married Nita Ambani in 1985. He has three children, Anant, Anand, and Isha. His 27-story residence, Antilia, is believed to be the world’s most expensive house.
Mukesh Ambani was throned as “The World’s Richest Sports Team Owner” after purchasing the IPL cricket team Mumbai Indians for $111.9 million in 2008.
The entire life of Mukesh Ambani is about constant hard work. His father, Dhirubhai Ambani, gave him the legacy, but he took it into the seventh sky. He proved that real education is done in the practical life where you have to use your mind and constant hard work to prove yourself.
Even at the age of 63 years, he is constantly working for the betterment of the country through his multiple programs and ventures.
In 1980, the Indian government was investing a lot in polyester yarn production. Every top company was stepping into the competition to get the license. Dhirubhai Ambani called off his son’s education from university because he believed the practical experiences of business are a better professor.
Mukesh Ambani returned to India and applied for the PFY (polyester filament yarn) license. It was a long and sturdy process to get the permit as it went under a lot of department bureaucracy. But Dhirubhai Ambani successfully got the permission, and then we offered his son to manage the polyester manufacturing industries of reliance.
Mukesh Ambani never looked back to his education, which is why he gave all his attention and hard work into the business.
Mukesh Ambani Took Over The Business
In 1981, the reliance industries expanded its wings from textiles to polyester to petrochemicals. His father always treats him like a business partner and had full right to make his independent decisions. The Ambanis, along with the company workers, started with a scratch and took the reliance group of industries at the top.
Everything was going smoothly until 1986 when Dhirubhai Ambani got a stroke, which flooded all the business responsibility on both brothers’ shoulders.
Even in the times when the family was going through emotional trauma, Mukesh Ambani set up Reliance Infocomm limited that is now known as reliance communications.
The splitting of Reliance Industries Into Two:
In July 2002, after Dhirubhai Ambani’s death, the family faced a feud between the two brothers as there was no will left by Dhirubhai Ambani for the distribution of the Empire.
To de-escalate the tension between the brothers, their mother stepped in and split the company in two. Mukesh Ambani got Reliance Industries Limited and Indian Petrochemicals Corporation Limited legally in 2005 by the Bombay high court.
Here onwards, Mukesh Ambani started to carve his path of extreme success. In 2010, he directed and helped create the world’s largest grassroots petroleum refinery at Jamnagar, India.
Ambani started to work on communications and telecoms as per the modern generation. In February 2016, Ambani-led Jio launched its 4G smartphone brand named LYF. LYF was reported as India’s third-largest-selling mobile phone brand.
In September 2016, the face of Indian communications and networking saw a drafting change after the launch of Reliance Jio Infocomm Limited, commonly known as Jio. Within 170 days, more than 10 crore users of Jio in India. It highly benefited the reliance industries and increased its shares in the market.
Mukesh Ambani Milestones:
Starting from scratch, he emerged as the face of Indian business. As of February 2018, Bloomberg’s “Robin Hood Index”, it came out that Mukesh Ambani’s wealth is sufficient to support the Indian federal government’s functioning for 20 days.
Recently, Intel Capital, the investment arm of Intel Corp.is going to spend 18,945 million rupees ($253 million) for 0.39% stake in Jio Platforms to get on the nerves of India’s biggest digital play. After Facebook, Google is all set to invest $4.5 billion for a 7.7% stake in Jio Platforms.
Mukesh Ambani Net Worth
Recently his company got a lot of investments from top companies Google, Microsoft, and Facebook. He also bought stakes in pharmacy startup Netmeds worth Rs 620 Crores. And, his company is also planning to acquire a few more companies in India like TikTok, Zivame, Urban Ladder, Milk Basket.
He is the richest person in India and 6th as of now in the world after Jeff Bezos ($195B), Bill Gates ($113B), Bernard Arnault & family ($111.5B), Mark Zukerberg ($96.5B), and Elon Musk ($85.6B). His total net worth according to Forbes Live is $80 Billion US dollars and it is 59,98,84,00,00,000.00 Indian Rupee. It’s huge, isn’t it?