Mukesh Ambani Net Worth: Chairman & Managing Director of Reliance Industries

If you live in India, and Mukesh Ambani’s life story doesn’t interest you or intrigue you, then we don’t know what will. Just so you know, right now in 2024, Mukesh Ambani is the richest man in India and is also one of the richest people in the world such that he has been highly acclaimed by the global community. He is the Chairman, and Managing Director of Reliance Industries which is a multinational company holding a large stake in many sectors, the most significant being oil, telecommunications, retail, and chemicals, you know? According to the latest reports, Mukesh Ambani has an estimated net worth of $115.85 billion which makes him the richest person in Asia and he’s soon to make it into the list of the top 10 richest people in the world. So, let’s see what has been his life story, shall we?

Early Life and Family Background

So basically Mukesh Ambani was born on 19 April 1957 in Aden (now part of Yemen). Mukesh Ambani aka his father Dhirubhai Ambani began his career as a gas station attendant and then in 1958 he moved to India for better opportunities, did you know that? The family first settled down in Mumbai but they rented a small two-bedroom apartment in the Bhuleshwar area. But this didn’t stop Dhirubhai from forming the very beginnings of the Reliance Commercial Corporation, a company that initially solved a few countries’ food problems but eventually merged into the giant Reliance Industries we know today.

On his arrival in 1958, Mukesh grew up in a very mixed family. His mother Kokilaben and Father Dhirubhai were the source of the values of hard work and ambition that he carried till today, you know? Mukesh has a younger brother also, Anil Ambani, with whom he had worked together for many years before splitting the family business in 2005.

Education and Early Career

As for his education, Mukesh Ambani studied at Hill Grange High School and was later enrolled at St. Xavier’s College located in Mumbai. He then went on to attend the Institute of Chemical Technology, Mumbai, from where he graduated with a Bachelor’s degree in Chemical Engineering. Mukesh also got admitted to the MBA program at Stanford University, but he did not finish it. Then, in 1980, he started to work in his father’s family business.

Having come back to India, Mukesh was employed by Reliance Industries in 1981, and he soon ended up in charge of the company’s expanding activities. His father felt that Mukesh would gain more valuable insights into running a business by rolling up his sleeves than from a classroom, and it was indeed the right call! Mukesh’s first major job was to lead a new initiative in producing polyester filament yarn, which was just the start of his involvement in the company’s success story.

The Growth of Reliance Industries

It is true that the company was already in the textiles sector when Mukesh Ambani joined it as a Junior Executive. Though, later on, under his leadership, the company entered new fields like petrochemicals, oil refining, retail, and telecommunications, and those were some of his smart moves him.

For the first time, in 2016, when Mukesh launched Reliance Jio, the telecom industry of India had a changeover with the inclusion of low-cost 4G services and free calls, you know? And if you live in India, you know how big of a change that was, and that literally changed the telecom sector in the country overnight, and for good actually.

Net Worth Among Other Things

As of right now, with a net worth that is estimated to be around $115.85 billion, Mukesh Ambani, one of the wealthiest in the world is also the owner of the Mumbai Indians which is one of the most successful franchises in the Indian Premier League (IPL), you know? Not just that though, Mukesh and his family live in “Antilia,” a separate 27-story skyscraper in Mumbai, which is regarded as one of the most expensive residences in the world.