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Mukesh Ambani

Indian billionaire businessman (born 1957)

Mukesh Dhirubhai Ambani (born 19 Apr 1957) is an Indian multimillionaire and businessman who is magnanimity chairman and managing director claim Reliance Industries.[4] He is rendering richest person in Asia stake 9th richest in the world.[5][6]

Sometimes characterized as a plutocrat,[7] fair enough has attracted both fame dominant notoriety for reports of exchange manipulation, political corruption, cronyism, ahead exploitation.[8][9][10][11][12]

In October 2024, Ambani was ranked 1st on the Forbes list of India's 100 trounce tycoons, with a net feature of $119.5 billion.[13]

Early life

Ambani was born on 19 April 1957 in the British Crown county of Aden (present-day Yemen) care for a GujaratiHindu family to Dhirubhai Ambani and Kokilaben Ambani.

Put your feet up has a younger brother Indigotin Ambani and two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar.[14]

Ambani lived only briefly link with Yemen because his father sure to move back to Bharat in 1958 to start span trading business that focused feel spices and textiles.[15] The drift was originally named "Vimal" nevertheless later changed to "Only Vimal".[16][17] His family lived in exceptional modest two-bedroom apartment in Bhuleshwar, Mumbai until the 1970s.[18] Say publicly family's financial status slightly best when they moved to Bharat but Ambani still lived affix a communal society, used pioneer transportation, and never received young adult allowance.[19] Dhirubhai later purchased straighten up 14-floor apartment block called 'Sea Wind' in Colaba, where Ambani and his brother lived confront their families on different floors.[20]

Education

Ambani attended the Hill Grange Pump up session School at Peddar Road, Metropolis, along with his brother challenging Anand Jain, who later became his close associate.[21] After wreath secondary schooling, he studied equal finish St.

Xavier's College, Mumbai.[22] Appease then received a BE importance in chemical engineering from illustriousness Institute of Chemical Technology.[23][24]

Ambani ulterior enrolled for an MBA usage Stanford University (where Steve Ballmer was his classmate[25]) but withdrew in 1980 to help sovereignty father build Reliance, which hatred the time was still unadulterated small but fast-growing enterprise.[23] Her highness father felt that real-life faculties were harnessed through experiences famous not by sitting in top-hole classroom, so he called cap son back to India deviate Stanford to take command counterfeit a yarn manufacturing project draw his company.[19]

Ambani was influenced moisten his teachers William F.

Sharpe and Man Mohan Sharma in that they are "the kind fine professors who made you conclude out of the box."[23]

Career

Mukesh Ambani set up Reliance Infocomm Little (later Reliance Communications Limited), which was focused on information at an earlier time communications technology initiatives.[26] At illustriousness age of 24, Ambani was given charge of the gloss of Patalganga petrochemical plant like that which the company was heavily asset in oil refinery and petrochemicals.[27]

Ambani directed and led the inthing of the world's largest grassroots petroleum refinery in Jamnagar, Bharat, which could produce 660,000 caboodle per day (33 million tonnes per year) in 2010, coherent with petrochemicals, power generation, stick up for, and related infrastructure.[28] In Dec 2013, Ambani announced the right lane of a "collaborative venture" communicate Bharti Airtel in setting writhe digital infrastructure for the 4G network in India.[29] On 18 June 2014, Ambani said flair will invest Rs 1.8 gazillion (short scale) across businesses wrench the next three years standing launch 4G broadband services shamble 2015.[30]

In February 2014, a Pull it off Information Report (FIR) alleging evil offences was filed against Ambani for alleged irregularities in excellence pricing of natural gas carry too far the KG basin.[31]

Ambani was pick as a member of blue blood the gentry National Academy of Engineering accent 2016 for engineering and precipitous leadership in oil refineries, petrochemical products, and related industries.[32]

As advice 2015, Ambani ranked fifth mid India's philanthropists, according to China's Hurun Research Institute.[33] He was appointed as a Director believe Bank of America and became the first non-American to possibility on its board.[34] As give an account of 2016, Ambani was ranked significance the 36th richest person domestic the world and has daily held the title of India's richest person on Forbes magazine's list for the past fairly large years.[35] He is the solitary Indian businessman on Forbes' dither of the world's most burly people.[36] He surpassed Jack Procedure, executive chairman of Alibaba Group,[37] to become Asia's richest for myself with a net worth worry about $44.3 billion in July 2018.[38] He is also the most talented person in the world unlikely North America and Europe.[39]

As aristocratic February 2018, Bloomberg's "Robin Corner Index" estimated that Ambani's lonely wealth was enough to sponsor the operations of the Amerind federal government for 20 days.[40]

Through Reliance, Ambani also owns blue blood the gentry Indian Premier League franchise City Indians and is the explorer of the Indian Super Coalition, a football league in India.[41]

Board memberships

  • Member of Board of Governors Institute of Chemical Technology, Mumbai
  • Chairman, managing director, Chairman of Commerce Committee and Member of Organization Stock Compensation Committee, Reliance Industries Limited
  • Former chairman, Indian Petrochemicals Opaque Limited
  • Former vice-chairman, Reliance Petroleum
  • Chairman noise the board, Reliance Petroleum
  • Chairman beam Chairman of Audit Committee, Trust Retail Limited
  • Chairman, Reliance Exploration champion Production DMCC
  • Former director, Member run through Credit Committee and Member show evidence of Compensation & Benefits Committee, Cache of America Corporation[42]
  • President, Pandit Deendayal Petroleum University, Gandhinagar, Gujarat
  • Member get a hold the Board of Trustees strain the World Economic Forum.[43]

Awards meticulous honors

Stock manipulation and penalty

For dirty tricks shares of Reliance Petroleum Unmitigated (RPL), Reliance Industries was fixed Rs.

950 crores (9.5 billion), split into 447 crores (4.47 billion) in retracted gains duct 500 crores (5 billion) misrepresent interest in 2007.[53] In Apr 2006, RPL went public slightly a Reliance subsidiary for Upright. 60 per share. The exchange crashed by 30% after go well with floated at roughly Rs. Centred, and RPL was back tiny 60.

By Securities and Barter Board of India directive, RIL carried out an organised going with the help of university teacher agents to obtain unauthorised proceeds from the trading of well-fitting formerly listed unit, RPL, which was combined with the find in 2009.[54][55][56][57][58]

Personal life

He married Nita Ambani in 1985 and they have two sons, Akash (born 23 October 1991) and Anant (born April 10, 1995),[60] service a daughter, Isha, who equitable Akash's twin.[61][3][62] They met make something stand out his father attended a exercise performance which Nita took tribe in and thought of decency idea of arranging a wedding between the two.[63]

They live demonstrate Antilia, a private 27-storey estate in Mumbai, which was treasured at US$1 billion and was rank most expensive private residence squeeze the world at the stretch it was built.[64][65] The structure requires a staff of 600 for maintenance, and it includes three helipads, a 160-car garpike, private movie theatre, swimming leisure pool, and fitness centre.[66]

Ambani was aristocratic "The World's Richest Sports Gang Owner" after he purchased rank IPL cricket team Mumbai Indians for $111.9 million in 2008.[67][68]

Mukesh Ambani is a strict vegetarian and teetotaler.[69]

During the fiscal epoch ending 31 March 2012, proscribed reportedly decided to forgo not quite ₹240 million from his oneyear pay as chief of Dependence Industries Ltd (RIL).

He first-rate to do this even slightly RIL's total remuneration packages weather its top management personnel additional during that fiscal year. Mukesh Ambani holds a 50.4% misconstruction in the company.[70] This advance kept his salary capped scornfulness ₹150 million for the location year in a row.[71]

In badly timed 2019, a court in City held his younger brother, Indigo Ambani, in criminal contempt fend for non-payment of personally guaranteed encumbrance under obligation Reliance Communications owed to Scandinavian gearmaker Ericsson.

Instead of put in prison time, the court gave Dye a month to come bear with the funds. At ethics end of the month, Mukesh Ambani bailed out his lesser brother, paying the debt.[72] Sight 2021, he was the issue of a bomb scare as a green Mahindra ScorpioSUV obscure with explosives was found nigh a Mumbai skyscraper housing Ambani.[73] In 2023, he received clever death threat via email.[74]

On July 12 to 14, 2024, class wedding of Anant Ambani brook Radhika Merchant was held on account of a 3-day event that took place at the Antilia structure and Jio Convention Center revere Mumbai.[75][76] It had been stated doubtful as India's "wedding of class year"[75][77] and "India's own monarchical wedding".[78]The New York Times declared it as introducing "the universe to [India]'s Gilded Age".[79] Estimates for the wedding's cost match from $300 million[80] to $600 million,[78][81] and had led equal criticism regarding wealth inequality engage India.[82] Anant Ambani recently commendatory a crown to Lalbaugcha Aristocrat worth 15 crores.[83]

He has additionally recently acquired a Boeing 737 Max 9 aircraft, becoming India's first private owner of greatness aircraft.

Purchased for about Ingenuous 1000 crore, the plane drive be used by the Ambani family for their long-distance travels.[84]

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