
Mukesh Ambani
$94.2B
Born
Apr 19, 1957
Age
67
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 $120 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 490 million subscribers. In July 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 10-15 years 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.
Exchange | Ticker | Company Name | Number Of Shares | Share Price | Currency Code |
---|---|---|---|---|---|
BSE INDIA | 543940-IN | Jio Financial Services | 2,929,000,000 | 2.69 | INR |
BSE INDIA | 500325-IN | Reliance Industries Ltd. | 5,690,510,000 | 14.63 | INR |