In this success story, we are going to share the story of a Mukesh Ambani, an Indian businessman and chairman of the Reliance Industries Limited. Ranked as the wealthiest person in India, he is also seen as one of the world’s most influential people, and his company is one of the most valuable companies in India.
As of 2020, Mukesh Ambani’s net worth is roughly $49 billion.
Mukesh Ambani Early Life
Mukesh was born in Aden, Yemen, on the 19th of April 1957 to Dhirubhai Ambani and Kokilaben Ambani, and he has two sisters and one brother.
His father worked for a firm in Yemen but relocated to Mumbai in 1958 to start his own company. His father began with spices but soon moved towards the textile business and eventually became one of India’s most well-known business magnates.
Mukesh and his brother graduated from the Hill Garange High School in Mumbai, India, and he later went to the Institute of Chemical Technology to get a degree in Chemical Engineering.
He attended Stanford Univerity in the US for a short while, but he soon dropped out to help his father establish Reliance Industries.
Mukesh Ambani Career
When he officially joined the Reliance company with his father, one of the first things he did was help him establish a polyester filament yarn manufacturing plant.
He soon became the creator of the company backward integration from the textiles to fibers to petrochemicals. He led the establishments of 51 brand new, top of the line manufacturing facilities and aided in the technological advancement in the company.
After his father died, Mukesh and his brother divided the business, and each got separate sections of it.
Mukesh, as of now, holds several positions within his company, including the Chairman, Managing Director, Members of Employee Stock Compensation Committee, and Chairman of Finance Committee.
His company, ‘Reliance Industries Limited’ has ranked as one of the Fortune Global 500 companies and is among the India topmost valuable companies.
He has also been a part of other committees for big corporations, including the ‘Bank of America,’ ‘International Advisory Board of the Council on Foreign Relations,’ and the ‘Board of the Indian Institute of Management’.
Mukesh Ambani Major Works
His vision resulted in the formation of the world’s largest grassroots petroleum refinery at Jamnagar, India. The refinery is integrated with the power generation, port, petrochemicals, and related infrastructure.
One of his most notable works in the establishment of the ‘Reliance Communications Limited’ one of the largest and most complex information and communications technology initiatives in the world.
His company Reliance Jio Infocomm Limited become one of the pioneers in bringing the 4G network across India. The company also offers free Wi-Fi hotspot services which have been set up across cities all over India.
Mukesh Ambani Personal Life & Legacy
He is married to Nita Ambani. The couple is blessed with three children: two sons, Akash and Anant, and a daughter, Isha.
He helped his younger brother Anil Ambani in a bailout of around 463 crores when the latter was guilty of contempt of court involving a partnership with the Ericsson in the month of February 2019.
Mukesh Ambani Trivia
As of now, his family lives in a private 27-story building in Mumbai named ‘Antilia.’ Valued at $1 billion, it is believed to be the most expensive home in history.
According to the US-based news agency, Ambani’s personal wealth can help in running the Indian Federal Government for 20 days.
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