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Net worth of Mukesh Ambani

๐Ÿ’ฐ $113.5B as of April 12, 2024

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Name
Mukesh Ambani
Born
April 19, 1957 (age 66)
Source
Diversified
Industry
Energy
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 December 2018 drew 10,000 guests, including Hillary Clinton. Reliance Industries bought the Mandarin Oriental hotel in New York for $98 million.
Mukesh Ambani chairs and runs $104 billion (revenue) Reliance Industries, which has interests in petrochemicals, oil and gas, telecom and retail. 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 sparked a telecom price war with the launch of 4G phone and broadband service Jio in 2016. Today, it has more than 430 million subscribers and is rapidly rolling out 5G services. Ambani is pivoting 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 has spelled out his succession plan: son Akash is now chairman of Reliance Jio; daughter Isha oversees retail and younger son Anant has been inducted into the new energy business.
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