Mukesh Ambani

Mukesh Dhirubhai Ambani (born 19 April 1957)   is an Indian business magnate, and the chairman, Mg. Director, and largest shareholder of Reliance Industries Ltd.  This company is India’ s most valuable company by its market value. According to Forbes, he is the richest man in Asia and the 10th richest person in the World.

Early Life:

Mukesh  Ambani was born to  Dhirubhai Ambani and Kokilaben Ambani in Aden,  Yemen. He has a younger brother Anil Ambani and two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaocar.

Ambani lived in Yemen because his father decided to move back to India in 1958, to start a trading business that focused on spices and textiles. The latter was originally named “Vimal” but later changed to ”Only Vimal”.  His family lived in a modest two-bedroom apartment in Bhuleshwar, Mumbai until the 1970s. This family financial status slightly improved when they moved to India but Ambani still lived in a communal society, used public transportation, and never received an allowance. Dhirubhai later purchased a 14-floor apartment block called ‘Sea Wind’ in Colaba, where until recently, Ambani and his brothers lived with their families on different floors.

Growing up Ambani played football and hockey, enjoyed annual trips to villages, and explored the different areas of Bombay. His father cared little about Ambani’s grades, but more so about his all-around performance.

Education:

Ambani attended the Hill Grange High School at Peddar Road, Mumbai, along with his brother and Anand Jain, who later became his close associate. He received a BE degree in Chemical Engineering of the University of Mumbai. Dhirubhai later enrolled for an MBA at Stanford University but withdrew in 1980 to help his father build Reliance, which at the time was still a small but fast-growing enterprise. Mukesh believed that real-life skills were harnessed through experiences and not by sitting in a classroom, so he called him back to India from Stanford to take command of a yarn manufacturing project in his company. His professors quoted saying the kind of professors they are  “the kind of professors who made you think out of the box”.

Career:

In 1981, he started to help his father Dhirubhai Ambani run their family business, Reliance Industries Limited. By this time, it has already expanded so that it also deals with refining and petrochemicals. The business also included products and services in the retail and telecommunications industries. Reliance Jio has earned a top-five spot in the country’s telecommunication services since its public launch on 5 September 2016.

Through Reliance, he also owns the Indian Premium League franchise Mumbai Indians and is the founder of the Indian Super League in India. He resides at the Antilla Building, one of the world’s most expensive private residences with its value reaching $1 billion.

Personal Life:

His wife, Nita, describes him as very quiet, modest, and shy. As his father took time out of his busy schedule for his children, Ambani makes it a top priority to spend quality time with his children and family every Sunday.

During the fiscal year ending 31 March 2012, he reportedly decided to forgo nearly Rs. 240 million from his annual pay as chief of Reliance Industries Limited. He elected to do this event 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 Rs. 150 million for the fourth year in a row.

Ambani was the title the World’s Richest Sports Team Owner” after his purchase of the IPL cricket team Mumbai Indians for $111.9 million in 2008.

One weird and unbelievable thing is that Nita Ambani starts her day with a 3 lacs rupees tea.

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