Mukesh Dhirubhai Ambani was born on 16 April 1957, in Aden, Yemenis a famous Indian entrepreneur. To the public, Mukesh Ambani is perhaps best known as the Managing Director and Chairman of the conglomerate called Reliance Industries, which specializes in exploration, refining, production and marketing of petrochemicals, plus telecommunications. and retail operations.
A well-known business magnate, how rich is Mukesh Ambani? According to sources, Ambani’s net worth is estimated to be $42 billion, most of which he has accumulated through his business ventures. Among his many valuable assets is his house in India, apparently valued at an impressive $1 billion, and for which Ambani currently employs 600 people to look after the estate on a daily basis. He is ranked as the richest man in India, dependent on the rise and fall of shares prices of the companies that he controls.
Mukesh Ambani Net Worth $42 Billion
Mukesh Ambani Ambani studied at the private Hill Grange High School in Mumbai, and later enrolled in the Institute of Chemical Technology, also Mumbai, graduating with a degree in Chemical Engineering, after which Ambani continued his studies at Stanford University in the US, yet he then chose to focus on helping his father with the Reliance company, which he officially joined in 1981, and expanded it to encompass polyester fibres and petroleum, which became stronger over the next 20 years..
In 2002, Ambani then founded Reliance Communications, which specializes in telecommunications. Since its establishment, the company has grown to become the second largest telecom operator in India, with more than 150 million subscribers, but the company mainly produces crude oil, natural gas, textiles and petroleum. Now ranked at #99 on the list of the World’s Biggest Corporations compiled by Fortune Global 500, Reliance Industries has a huge significance on India’s total exports, constituting 14% of the total. Reliance Industries Limited is also the second largest company in India, running which added considerably to Mukesh’s net worth over the years.
Aside from the company, Mukesh Ambani is known for his board memberships. He was a member of Board of Governors in the Institute of Chemical Technology, served as Chairman of the Board on “Reliance Petroleum”, and became the president of Pandit Deendayal Petroleum University. In 2000, he received the Ernst & Young Entrepreneur of the Year Award, and a decade later in 2010, earned a Global Leadership Award, Businessman of the Year Award, and Business Leader of the Year Award for his business contributions.
Mukesh has contributed enormously to the creation of petroleum refining in India, which has eventually turned out to be the biggest refinery in the world, capable of producing as much as 33 million tons of petroleum every year.
Aside from that, Mukesh Ambani became involved with the Bank of America corporation, headquartered in the US, of which he was a member of the board of directors. In addition, he was co-opted onto the Indian Institute of Management Bangalore, where he held the position of the Chairman of the Board.
In regards to his personal life, Mukesh Ambani has been married to Nita Ambani since 1985, herself a noted Indian businesswoman, known as the founder of Dhirubhai Ambani International School, and Dhirubhai Ambani Foundation, which is responsible for the promotion of health care systems and education. Together, they have three children.
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