Who is Mukesh Ambani?

The Ambani family is behind the oil-to-telecom conglomerate Reliance Industries. The company’s chairman and largest shareholder is Mukesh Ambani, the richest man in Asia, who is worth an estimated $51.4 billion, according to Forbes. That makes him the 15th-richest person in the world.

Where do the Ambanis live?

The Ambanis live in a $1 billion skyscraper home in Mumbai. The Ambanis are the richest family in Asia. The family patriarch, Indian business tycoon Mukesh Ambani, is worth an estimated $50 billion, according to Forbes’ 2019 Billionaires List.

Where does Mukesh Ambani stand on Bloomberg billionaire index?

Full list of top 10 billionaires, and their net worth Billionaire Mukesh Ambani is now the world’s fourth-richest man. The Bloomberg Billionaires Index showed Ambani, the chairman of oil-to-telecom conglomerate Reliance Industries, in the fourth position.

What is Ambani’s net worth?

Ambani’s fortune grew by $16.1 billion in 2019, with his net worth reaching about $60 billion in January 2020. Himanshu Bhatt/NurPhoto via Getty Images

Mukesh Ambani was born on April 19, 1957 in Aden, Yemen to Dhirubhai Ambani and his wife, Kokilaben Ambani. He has two sisters, Dipti Salgaoncar and Nina Kothari, and a younger brother, Anil Ambani. His father used to work in a firm in Yemen before moving to Mumbai in 1958 where Dhirubhai started his own business of spices.

Why did Mukesh Ambani set up Reliance Infocomm Limited?

This principle came into play after Rasikbhai’s death in 1985 along with Dhirubhai suffering a stroke in 1986 when all the responsibility shifted to Ambani and his brother. Mukesh Ambani set up Reliance Infocomm Limited (now Reliance Communications Limited ), which was focused on information and communications technology initiatives.

How did Dhirubhai Ambani’s father start his own business?

His father used to work in a firm in Yemen before moving to Mumbai in 1958 where Dhirubhai started his own business of spices. Later his father turned towards the textile business and gradually transformed into one of India’s most celebrated business magnates.

What did Ambani do for Reliance Industries?

Ambani did not return to his university program, leading Reliance’s backward integration, where companies own their suppliers to generate more revenue and improve efficiency, in 1981 from textiles into polyester fibers and further into petrochemicals, which the yarns were made from.