Mukesh Ambani

Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian business magnate and the chairman and managing director of Reliance Industries, the largest private sector enterprise in India, a Fortune 500 company, and one of the largest private sector conglomerates in the world. His personal stake in Reliance Industries is 48%.

As of July 2010, he is the richest man in Asia and the fourth richest man in the world with a personal wealth of US$29.0 billion. On 29 October 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalisation of all Reliance group companies, making him for a while the world’s richest man, with net worth climbing to US$63.2 billion leaving Bill Gates behind at around $56 billion. According to Forbes Magazine forecasts, he is expected to regain the title of the richest man in the world in 2014.

Family and early life

Mukesh Ambani is the eldest son of Dhirubhai Ambani, the late founder of Reliance Industries. He has a brother, Anil, and two sisters.

The Ambani family lived in a two bedroom apartment in Bhuleshwar, Mumbai until the 1970s. Dhirubhai Ambani then purchased a 14-floor apartment block called 'Sea Wind' in Colaba, where Anil his family and Mukesh and his family lived on different floors.

Anil Ambani is also a billionaire and owns a competing company, Reliance Anil Dhirubhai Ambani Group. The two brothers have had clashes over business.

Personal life

He is married to Nita Ambani and has three children, Akash, Anant and Isha. He owns the Indian Premier League team, the Mumbai Indians.

They live in a private 27 story building in Mumbai named Antilia. Costing aprox. US$500–$700 Million, with the increasing price of land, is estimated to be valued at over US$1 Billion to build. It is claimed to be the most expensive home in history.

Career

He joined Reliance Industries in 1981. He initiated Reliance's backward integration journey from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production.
Ambani set up one of the largest and most complex information and communications technology initiative in the world in the form of Reliance Infocomm Limited (now Reliance Communications Limited).

Ambani directed and led the creation of the world’s largest grassroots petroleum refinery at Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure.