Mukesh Ambani Biography: Early Life, Personal Life, Career, Age, Award and Net Worth
Mukesh Ambani Biography: Early Life, Personal Life, Career, Age, Award and Net Worth
As of February 2024, Forbes estimates his net worth to be $112.1 billion, making him the wealthiest individual in Asia and the 11th richest globally. While some view him as a plutocrat, Ambani has garnered a mix of admiration and criticism due to allegations of market manipulation, political corruption, cronyism, and exploitation.
Mukesh Ambani Biography: Early Life
Mukesh Dhirubhai Ambani, born on 19 April 1957 in Aden (present-day Yemen), was raised in a Gujarati Hindu family. His parents, Dhirubhai Ambani and Kokilaben Ambani, had two daughters named Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar, as well as a younger son named Anil Ambani. After a short stay in Yemen, Ambani’s family returned to India in 1958, where his father started a trading business focusing on spices and textiles. Initially known as “Vimal,” the business was later renamed “Only Vimal.”
During the 1970s, the family resided in a modest two-bedroom apartment in Bhuleshwar, Mumbai. Although their financial situation improved after moving to India, Ambani continued to live in a communal society, relied on public transportation, and did not receive any allowance. In later years, Dhirubhai purchased a 14-floor apartment block called ‘Sea Wind’ in Colaba, where both Ambani and his brother resided with their respective families on different floors until recently.
Mukesh Ambani Biography: Education
Ambani completed his secondary education at Hill Grange High School in Mumbai, where he attended alongside his brother and close associate, Anand Jain. Following this, he pursued his higher education at St. Xavier’s College in Mumbai. Eventually, he obtained a BE degree in chemical engineering from the Institute of Chemical Technology.
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In his quest for further knowledge, Ambani decided to pursue an MBA at Stanford University. However, in 1980, he made the decision to withdraw from the program in order to assist his father in building Reliance, a rapidly growing enterprise. Recognizing the value of practical experience over classroom education, Ambani’s father called him back to India from Stanford to oversee a yarn manufacturing project within the company.
Ambani has expressed his admiration for his teachers, William F. Sharpe and Man Mohan Sharma, crediting them for their ability to encourage unconventional thinking. According to Ambani, they were the type of professors who pushed boundaries and inspired him to think outside the box.
Mukesh Ambani Biography: Personal Life
In the year 1985, Mukesh Ambani entered into matrimony with Nita Ambani, his long-time companion from childhood. Together, they have been blessed with three offspring, namely Akash, Isha, and Anant Ambani. The profound importance Mukesh Ambani places on familial principles is clearly demonstrated through his strong bond with his spouse and children, who actively engage in the operations of Reliance Industries.
Mukesh Ambani Biography: Career
Ambani oversaw the development of the world’s largest grassroots petroleum refinery in Jamnagar, India. Completed in 2010, the refinery could produce 660,000 barrels per day (33 million tonnes per year) and was integrated with petrochemicals, power generation, port, and related infrastructure.
In February 2014, Mukesh Ambani faced allegations of irregularities in natural gas pricing from the KG basin, leading to a First Information Report (FIR) being filed against him. He was later elected as a member of the National Academy of Engineering in 2016 for his contributions to engineering and business leadership in oil refineries, petrochemical products, and related industries.
He also stood out as the only Indian entrepreneur on Forbes’ roster of the world’s most influential figures. As of October 2020, Forbes ranked Mukesh Ambani as the sixth-wealthiest individual worldwide. In July 2018, he surpassed Jack Ma to become Asia’s richest person with a net worth of $44.3 billion. He also holds the distinction of being the wealthiest individual outside of North America and Europe.
By February 2018, Bloomberg’s “Robin Hood Index” estimated that Ambani’s personal wealth could sustain the Indian federal government’s operations for 20 days.
Ambani’s business ventures extend to sports ownership as he owns the Indian Premier League franchise Mumbai Indians and founded the Indian Super League, a football league in India. Forbes recognized him as one of the wealthiest sports owners globally in 2012. He resides in Antilia, one of the world’s most opulent private residences valued at $4.6 billion.
Mukesh Ambani: Age
As of 2024, Mukesh Ambani is 66 years old, and his zeal for innovation and progress remains undiminished. Despite his age, he continues to lead Reliance Industries with vigor and determination, driving the company towards new heights of success.
Mukesh Ambani Biography: Awards
Mukesh Ambani’s contributions to business and society have earned him numerous accolades and awards. He has been honored with the Ernst & Young Entrepreneur of the Year Award, the NDTV Indian of the Year Award, and the Fortune Global Leadership Award, among others. These accolades are a testament to his transformative leadership and relentless pursuit of excellence.
Mukesh Ambani: Net Worth
As one of the wealthiest individuals in the world, Mukesh Ambani’s net worth is a subject of fascination and awe. His vast wealth is primarily derived from his ownership stake in Reliance Industries, which is valued at billions of dollars. As of 2024, Mukesh Ambani’s net worth is estimated to be over $80 billion, making him one of the richest people on the planet.
