Mukesh Ambani, India’s richest person and chairman of the Indian company Reliance Industries Limited. Mukesh Ambani’s company, RIL is listed in Fortune 500 and is India’s most valuable company, market value wise. Mukesh Ambani is not only India’s richest person but also one of the richest sports owners of the world. He is also one of the biggest philanthropists, spending 0.4% of his wealth in charity. Now let’s have a close look on Mukesh Ambani’s net worth in 2018.
Mukesh Ambani Early Life
Mukesh Dhirubhai Ambani was born on 19th April 1957 in Aden, Yemen. He is the eldest son of Kokilaben Ambani and Dhirubhai Ambani. He has one younger brother Anil Ambani and two sisters’ Nina Kothari and Dipti Salgaonkar.
Mukesh Ambani did his schooling from High Grange High School, Mumbai. He was always a bright student and after his schooling he cleared the IIT entrance and joined IIT, Mumbai. But later on after being selected for the more prestigious chemical engineering course of Institute of Chemical Engineering in Mumbai he left IIT.
After finishing his chemical engineering he went to Stanford University to pursue MBA but was called by his father to help him to build the Reliance Company.
Mukesh Ambani is married to Nita Ambani, a former teacher. They have 3 children, two sons and one daughter.
Currently, Mukesh Ambani lives in Mumbai with his family in the world famous Antilia Building, which is credited with being the world’s most expensive private residential property.
Mukesh Ambani Career, Awards & Achievement
Mukesh Ambani helped his father in his business while studying for chemical engineering. He would work long hours on weekends at his father’s office.
After completing his engineering, Mukesh gave various entrance exams and was selected for 2-3 prestigious business schools. He chose to go to Stanford University.
While he was in USA pursuing his Masters his father’s company was given a license to make polyester. Though, Mukesh would have liked his father to wait for him to return, his father wanted to start work on the plant immediately.
Respecting his father’s wishes Mukesh left his course midway and returned to work in his father’s company Reliance Textiles Limited. Since then there has been no looking back for Mukesh Ambani.
In 1985, Reliance Textiles was changed to Reliance Industries Ltd. Combining his knowledge of chemical engineering with management skills he learned in Stanford, Mukesh steered the company towards greater success. This was also the time when his father suffered a stroke and was incapable to continue work for some time.
In the early 1990’s RIL expanded its business into petrochemicals and launched Reliance Petroleum. Later on it ventured into telecom and started Reliance Telecom. In 2006 it further expanded its business into retail sector and launched Reliance Retail.
Most recently, Mukesh Ambani led Jio (a subsidiary of RIL) has ventured in the market of smartphones.
Awards & Achievements
Mukesh Ambani, who could not get a master’s title, has been more than compensated for his loss with numerous other awards for his contribution in business.
Mukesh has been named The Entrepreneur of the Year by Ernst and Young in 2000. In 2010 he was named the Business leader of the year by NDTV India. The same year he was also awarded by the University of Pennsylvania the Dean’s medal in applied science.
Mukesh Ambani has also been ranked the 5th best performing global CEO by Harvard Business Review.
In 2016 Mukesh Ambani was awarded the Othmer gold Medal by the American Chemical Heritage Foundation for his outstanding contribution to the progress of chemistry.
Net Worth of Mukesh Ambani
Mukesh Ambani who has held the position of the richest Indian for the last 10 consecutive years is estimated to have a net worth of $39 billion. Though as the chairman of RIL, Mukesh Ambani draws a yearly salary of $2 million, a major portion of his net worth is earned through his share in the equity of RIL which is nearly 44%.
The residence of Mukesh Ambani, Antilia Building is estimated to have a market value of $1 billion.
Mukesh Ambani, who is considered one of the most powerful persons of the world by Forbes, got business acumen in legacy. Inheriting his father’s leadership skills he has further expanded the Reliance Empire through his unique open style management skills. A firm believer of young talent, Mukesh continues to inspire the youth to dream big and put in enough effort and commitment to achieve it.