kids encyclopedia robot

Mukesh Ambani facts for kids

Kids Encyclopedia Facts
Quick facts for kids
Mukesh Dhirubhai Ambani
Mukesh Ambani.jpg
Mukesh Dhirubhai Ambani

19 April 1957 (1957-04-19) (age 64)
Nationality Indian
Alma mater Institute of Chemical Technology (B.E.)
Occupation Chairman and managing director, Reliance Industries
Net worth IncreaseUS$50 billion (March 2019)
Nita Ambani (m. 1985)
Children 3
Parent(s) Dhirubhai Ambani
Kokilaben Ambani
Relatives Anil Ambani (brother)

Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian business magnate, the chairman, managing director, and the largest shareholder of Reliance Industries Limited (RIL), a Fortune Global 500 company and India's most valuable company by its market value.

Mukesh was born in Aden, Yemen and brought up in Mumbai, India. He received his degree in Chemical Engineering from the Institute of Chemical Technology in the early 1970s. Mukesh started working alongside his father Dhirubhai Ambani in their family business, Reliance, since 1981. Reliance Industries Limited deals mainly in refining, petrochemicals, and in the oil and gas sectors. Reliance Retail Ltd., another subsidiary, is the largest retailer in India. The business has expanded over the years to provide products and services like Retail Markets and Telecommunications. Reliance’s Jio has earned a top-five spot in the country’s telecommunication services since its public launch on 5 September 2016.

As of 2016, Ambani was ranked 38 and has consistently held the title of being India's richest person on the Forbes magazine's list for the past ten years. He is the only Indian businessman on Forbes' list of the world's most powerful people. As of January 2018, Mukesh Ambani was ranked by Forbes as the 18th-wealthiest person in the world. He surpassed Jack Ma, executive chairman of Alibaba Group, to become Asia's richest person with a net worth of $44.3 billion in July 2018. He is also the wealthiest person in the world outside North America and Europe. As of 2015, Ambani ranked fifth among India's philanthropists, according to China’s Hurun Research Institute. He was appointed as a Director of Bank of America and became the first non American to be on its board.

Through Reliance, he also owns the Indian Premier League franchise Mumbai Indians and is the founder of Indian Super League, a football league in India. In 2012, Forbes named him one of the richest sports owners in the world. He resides at the Antilia Building, one of the world's most expensive private residences with its value reaching $1 billion.

Personal life

Mukesh was married to Nita Ambani in 1984 and has two sons; Anant and Akash, and a daughter, Isha. They both first met through Mukesh's father when he attended a dance performance which Nita took part in and carried the idea of arranging Nita and Mukesh's marriage ever since.

They live in a private 27-storey building in Mumbai named Antilia valued at US $1 billion and was the most expensive residence in the world at the time of being built. The building stands 570 feet tall, requires a staff of 600 for maintenance, includes three helipads, houses a 160 car garage, private movie theater, swimming pool, fitness center, and many more amenities. In 2007 Mukesh had gifted his wife Nita a $60 million dollar private aircraft, Airbus A319, for her 44th birthday. The airbus, which has a capacity of 180 passengers, has been custom-fitted to include a fancy living room, bedroom, satellite television, WiFi, sky bar, Jacuzzi, and an office. Mukesh was titled The World's Richest Sports Team Owners after his purchase of the IPL cricket team Mumbai Indians for $111.9 million in 2008.

In an interview with Rajdeep Sardesai in March 2017, Mukesh said that his favourite food continued to be idli sambar and his favourite restaurant remains Mysore Café, a restaurant in Kings circle (Mumbai) where he used to eat as a student at UDCT from 1974 to 1979. Mukesh Ambani is a strict vegetarian and teetotaler. He is a very big fan of Bollywood movies where he watches three a week because he says "you need some amount of escapism in life."

His wife, Nita, describes Mukesh's nature to be very quiet, modest, and shy. Similar to when Dhirubhai took time out of his busy schedule for his children, Mukesh makes it a top priority to spend quality time with his children and family every Sundays.

During the fiscal year ending 31 March 2012, Mukesh reportedly decided to forgo nearly ₹240 million from his annual pay as chief of Reliance Industries Ltd (RIL). He elected to do this even as RIL's total remuneration packages to its top management personnel increased during that fiscal year. Mukesh Ambani holds a 44.7% stake in the company. This move kept his salary capped at ₹150 million for the fourth year in a row.

kids search engine
Mukesh Ambani Facts for Kids. Kiddle Encyclopedia.