Mukesh Ambani

$93.43 B

Ranked #20 in World

About Mukesh Ambani

Reliance Industries Ltd's Mukesh Ambani, born on April 19, 1957, in Yemen, is now Asia's wealthiest with a $92 billion net worth as per December 2023. Heading India's most valued firm, this influential magnate, with a BE in chemical engineering from ICT and an unfinished MBA from Stanford, has expanded Reliance into various sectors, including retail and telecom, earning both admiration and controversy. Residing in Mumbai's Antilia, Ambani's achievements include Padma Vibhushan (2019) and being Times' 100 most influential (2019). Despite success, he faced a Rs. 950 crore fine for stock manipulation in 2007.

Born

April 19, 1957 in Aden, Yemen

Age

68 years

Source Of Wealth

Diversified

Industries

Diversified

Citizenship

India

Residence

Mumbai

Education

Drop Out, Stanford University; Bachelor of Science in Engineering, University of Mumbai

Spouse

Nita Ambani (Married: 1985)

Children

Parent

Dhirubhai Ambani (father), Kokilaben Ambani (mother)

Mukesh Dhirubhai Ambani was born on April 19, 1957, in Aden (present-day Yemen) to a Gujarati Hindu family. He spent his early years in Yemen before moving to India in 1958. His family lived in a modest two-bedroom apartment in Bhuleshwar, Mumbai until the 1970s. Ambani attended Hill Grange High School and St. Xavier's College in Mumbai. He then went on to receive a BE degree in chemical engineering from the Institute of Chemical Technology. Ambani enrolled for an MBA at Stanford University but withdrew in 1980 to help his father build Reliance.

Mukesh Ambani: Family

Mukesh Ambani is married to Nita Ambani since 1985. They have two sons, Akash and Anant, and a daughter, Isha. The Ambani family resides in Antilia, a 27-story private building in Mumbai valued at $1 billion.

Mukesh Ambani: Career Highlights

Mukesh Ambani joined Reliance Industries Limited in 1981 to help his father run the family business. Under his leadership, Reliance expanded into refining, petrochemicals, retail, and telecommunications industries. Reliance Retail Ltd. is the largest retailer in India, while Reliance's Jio has become a top-five telecommunication service provider in the country. Ambani has consistently held the title of India's richest person on Forbes magazine's list for the past ten years and is the only Indian businessman on Forbes' list of the world's most powerful people.

Mukesh Ambani: Companies

Mukesh Ambani is the chairman and managing director of Reliance Industries Limited, India's most valuable company by market value. He also owns the Indian Premier League franchise Mumbai Indians and is the founder of the Indian Super League.

Mukesh Ambani: Major Achievements

Some of Mukesh Ambani's major achievements include setting up a PFY manufacturing plant, taking charge of Reliance's vertical integration from textiles to petrochemicals, and establishing Reliance Infocomm Limited focused on information and communications technology. He also directed the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, and launched Reliance Jio Infocomm Limited (Jio) in 2016, which became a huge success.

In 2022, he announced a $25 billion plan for launching 5G mobile internet services in India.

Mukesh Ambani: Awards & Achievements

Mukesh Ambani has received numerous awards and honors, including the Padma Vibhushan, India's second-highest civilian honor, in 2019. He was also recognized as Asia's Businessman of the Year by Fortune magazine in 2010 and received the Ernst & Young Entrepreneur of the Year Award in 2000.

Mukesh Ambani: Personal Life & Legacy

Mukesh Ambani is a strict vegetarian and teetotaler. He forgoes a significant portion of his annual salary and is known for his philanthropic activities. Ambani is also an avid sports fan and owns several sports teams, including the Mumbai Indians cricket team and the Mumbai City FC football club.

Mukesh Ambani: Trivia

Mukesh Ambani owns a custom-fitted Airbus A319 for personal use and resides in Antilia, one of the world's most expensive private residences valued at $1 billion. He was fined Rs. 950 crores for manipulating shares of Reliance Petroleum Limited in 2007.

Wealth History

Timeline

1957-04-19

Mukesh Dhirubhai Ambani was born in Aden (present-day Yemen) to a Gujarati Hindu family.

1958

Moved to India with his family and settled in Bhuleshwar, Mumbai.

1980

Withdrew from Stanford University's MBA program to help his father build Reliance.

1981

Joined Reliance Industries Limited to assist his father in running the family business.

1980s-1990s

Helped set up a PFY manufacturing plant and took charge of Reliance's vertical integration from textiles to petrochemicals. Established Reliance Infocomm Limited focused on information and communications technology.

2002

Became chairman and managing director of Reliance Industries Limited after his father's death.

2000s-present

Directed the creation of the world's largest grassroots petroleum refinery at Jamnagar, India. Launched Reliance Jio Infocomm Limited (Jio) in 2016, which became a huge success. Announced a $25 billion plan for launching 5G mobile internet services in India in 2022.

2007

Fined Rs. 950 crores for manipulating shares of Reliance Petroleum Limited.

2010

Named Asia's Businessman of the Year by Fortune magazine.

2016

Ranked as the 36th richest person in the world.

2018-July

Surpassed Jack Ma to become Asia's richest person.

2019

Listed by Time magazine as one of the 100 most influential people. Awarded the Padma Vibhushan, India's second-highest civilian honor, and the Global Vision Award by the US-India Business Council.

2020-October

Ranked as the 6th-wealthiest person in the world by Forbes.

2023-December

Estimated net worth of $92 billion, making him the richest person in Asia and 15th richest in the world.

Mukesh Ambani : FAQs

What is Mukesh Ambani's current net worth?

Mukesh Ambani's current net worth is $93.43 billion.

What is Mukesh Ambani's current global rank among billionaires?

Mukesh Ambani holds the 20th position globally among billionaires.

What is Mukesh Ambani's current ranking within the India?

Mukesh Ambani holds the 1st position in India.

What was the change in Mukesh Ambani's net worth compared to the previous year?

Mukesh Ambani's net worth decreased by 19.4 billion dollars compared to the previous year 2025, when his net worth was 112.83 billion dollars.

What is the recent change in Mukesh Ambani's net worth?

Mukesh Ambani's net worth increased by 1.72 billion dollars recently, a 1.84% increase, with his net worth standing at 93.43 billion dollars.

What are Mukesh Ambani's main sources of wealth?

Mukesh Ambani's main source of income comes from Diversified.

In which industry does Mukesh Ambani primarily operate?

Mukesh Ambani is primarily involved in the Diversified industry.

What is Mukesh Ambani educational background?

Mukesh Ambani is a dropout from Stanford University and a Bachelor of Science in Engineering from the University of Mumbai.

How old is Mukesh Ambani?

Mukesh Ambani is 68 years old.

How many children does Mukesh Ambani have?

Mukesh Ambani has 3 children.

What early education did Mukesh Ambani receive before joining the family business?

Mukesh Ambani attended Hill Grange High School and St. Xavier's College in Mumbai, then earned a BE degree in chemical engineering from the Institute of Chemical Technology. He started an MBA at Stanford University but withdrew in 1980 to assist his father in building Reliance.

How has Reliance Industries expanded under Mukesh Ambani's leadership?

Since joining Reliance Industries Limited in 1981, Mukesh Ambani has overseen its expansion into refining, petrochemicals, retail, and telecommunications, making Reliance Retail Ltd. the largest retailer in India and transforming Reliance's Jio into a top-five telecommunications service provider in the country.

What significant milestones has Mukesh Ambani achieved in his career?

Mukesh Ambani has been ranked as the 36th richest person in the world in 2016, consistently held the title of India's richest person for the past ten years, surpassed Jack Ma as Asia's richest person in July 2018, and was ranked as the 6th-wealthiest person globally by Forbes in October 2020.

What controversies has Mukesh Ambani faced?

Mukesh Ambani has attracted attention for reports of market manipulation, political corruption, cronyism, and exploitation, including being fined Rs. 950 crores for manipulating shares of Reliance Petroleum Limited in 2007.