Mukesh Ambani
$111.4B
Born
Apr 19, 1957
Age
68
Source of Wealth
Diversified
Residence
Mumbai,
Citizenship
India
Marital Status
Married
Children
3
Education
Drop Out, Stanford University; Bachelor of Science in Engineering, University of Mumbai
- Mukesh Ambani chairs and runs $125 billion (revenue) Reliance Industries, which has interests in petrochemicals, oil and gas, telecom, retail, media and financial services.
- Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer. After his father's death in 2002, Ambani and his younger sibling Anil divvied up the family empire.
- Reliance's telecom and broadband service Jio has over 500 million subscribers and Ambani has said he plans to list it in 2026. In 2023, Reliance listed its finance arm, Jio Financial Services.
- Ambani has expanded Reliance into green energy. The company will be investing $80 billion over the next decade or so on renewable energy and building a new complex next to its refinery.
- Ambani's three children joined the board of Reliance in 2023. Son Akash heads Jio; daughter Isha oversees retail and financial services; and younger son Anant is in the energy business.
- During the Covid-19 lockdown, Ambani raised more than $20 billion selling a third of Jio to a string of investors, such as Facebook and Google.
- Reliance owns Network18, a licensee of Forbes Media.
- Ambani's U.S.-educated daughter Isha's marriage to fellow billionaire Ajay Piramal's son in 2018 drew 10,000 guests, including Hillary Clinton.
- Reliance Industries bought the Mandarin Oriental hotel in New York for $98 million in 2022.
- Ambani's son Anant's pre-wedding gala was held over three days in Jamnagar, Gujarat in March 2024 and had 1,600 guests, including Bill Gates, Mark Zuckerberg and Ivanka Trump.
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