Mukesh Ambani - Forbes

REAL TIME NET WORTH · Mukesh Ambani chairs and runs $74 billion (revenue) Reliance Industries, which has interests in petrochemicals, oil and gas, telecom and ... PROFILEDiversified#1MukeshAmbaniFounderandChairman,RelianceIndustries$92.8B$117M|0.13%REALTIMENETWORTHasof12/11/21Reflectschangesince5PMETofpriortradingdayPhotobyRitamBanerjeeMukeshAmbanichairsandruns$74billion(revenue)RelianceIndustries,whichhasinterestsinpetrochemicals,oilandgas,telecomandretail.ReliancewasfoundedbyhislatefatherDhirubhaiAmbani,ayarntrader,in1966asasmalltextilemanufacturer.Afterhisfather'sdeathin2002,AmbaniandhisyoungersiblingAnildivviedupthefamilyempire.In2016,ReliancesparkedapricewarinIndia'shyper-competitivetelecommarketwiththelaunchof4GphoneserviceJio.DuringtheCovid-19lockdown,Ambaniraisedmorethan$20billionsellingathirdofJiotoastringofinvestors,suchasFacebookandGoogle.Onforbeslists#1India'sRichest2021#10Billionaires2021#32PowerfulPeople2018GlobalGameChangers2017PersonalStatsAge64SourceofWealthdiversifiedResidenceMumbai,IndiaCitizenshipIndiaMaritalStatusMarriedChildren3EducationDropOut,StanfordUniversity;BachelorofScienceinEngineering,UniversityofMumbaiDidyouknowRelianceownsNetwork18,alicenseeofForbesMedia.Ambani'sU.S.-educateddaughterIsha'smarriagetofellowbillionaireAjayPiramal'ssoninDecember2018drew10,000guests,includingHillaryClinton.Networthovertime$22.3BBillionairesMarch2012$21.5BBillionairesMarch2013$18.6BBillionairesMarch2014$21BBillionairesMarch2015$19.3BBillionairesMarch2016$23.2BBillionairesMarch2017$40.1BBillionairesMarch2018$50BBillionairesMarch2019$36.8BBillionairesApril2020$84.5BBillionairesApril2021InTheirOwnWordsAnythingandeverythingthatcangodigitalisgoingdigital.Indiacannotaffordtobeleftbehind.MukeshAmbaniKeyConnectionsSySiblingsRelatedbyoriginofwealth:diversifiedRelianceIndustriesHoldsstakeinRelianceIndustriesStanfordUniversityAttendedtheschoolMoreonForbesOct12,2021Asia’sRichestPersonSeesHisWealthTop$100BillionMukeshAmbanijoinedanexclusiveclublastweek.Hisnetworthtopped$100billion,accordingtotheForbesReal-TimeBillionairesList,assharesofhisRelianceIndustriessoaredmorethan30%thisyear.ByRamakrishnanNarayananContributorMay13,2021BillionaireMukeshAmbani’sRelianceIndustriesHoldsIndia’sTopSpotOnForbesGlobal2000Reliance,parentofmobiletelecomproviderJio,isnowIndia'sbiggestcompany.ByAayushiPratapForbesStaffApr23,2021BillionaireMukeshAmbaniBuysGolfClubFeaturedInJamesBondFilm‘Goldfinger’For$79MillionMukeshAmbani,worth$71.9billionandcurrentlytherichestpersoninAsia,buysStokeParkLtd.,afirmthatownsandmanagesahotel,sportsandleisurefacilitiesinBuckinghamshire,England,for$79million.ThegolfcoursewasfeaturedintwoJamesBondfilmsandNetflix’s“TheCrown.”ByEmmaReynoldsSeniorContributorApr8,2021DeshaunWatson,RichPaulAndMukeshAmbani:ThisWeek’sMostInterestingSportsBusinessStoriesInthisweek’sSportsMoneyPlaybook:theworld'srichestteamowners,arecordforagents'feesandathleteslaunchingtheirownNFTs.Plus:DAZNemergesfromthepandemicwitharefinedstreamingstrategy.ByJustinBirnbaumForbesStaffApr6,2021India’s10RichestBillionaires2021MukeshAmbaniaddednearly$48billiontohisfortunesincelastyear,andreclaimedthetitleofAsia’srichestperson.ByNaazneenKarmaliForbesStaffJan12,2021MukeshAmbani:HowASecond-GenerationUnicornIsTakingOnAmazonAndWalmartTokeepafamilyunicornalive,entrepreneursmayneedtoleavetheshelteroftheharborandventureintotheunchartedwatersofanemergingtrend.Notmanysecond-genheirsknowhowtodothis,wanttodothis,orhavethegutstodothis.Buttokeeptheunicornalive,theymayhavenochoice.ByDileepRaoContributorNov2,2020MukeshAmbani,India’sRichestPerson,Loses$6.8BillionAfterRelianceSharesFallOnWeakQuarterlyEarningsAmbani’snetworthfellfrom$78.3billionto$71.5billiononMonday.Despitethedrop,he’sstilloneofthetenrichestpeopleintheworld.BySergeiKlebnikovForbesStaffOct7,2020India's100Richest2020:CollectiveNetWorthOfCountry'sRichestRose14%DespitePandemicMukeshAmbaniisabigwinneramongthehalfwhogaineddespitethepandemic.ByNaazneenKarmaliForbesStaffSep9,2020Asia’sRichestManMukeshAmbani’sRelianceRetailReceives$1BillionInvestmentU.S.privateequityfirmSilverLakePartnerswillinvest75billionrupees($1.02billion)inMukeshAmbani’sRelianceIndustries’retailarm,thecompanysaidinastatementWednesday.ByMeghaBahreeContributorJul15,2020GoogleJoinsFacebookInBillionaireMukeshAmbani'sJioJuggernautAlphabetInc.’sGooglewillinvest$4.5billionfora7.7%stakeinJioPlatforms,thetechandtelecombusinessofRelianceIndustries,announcedMukeshAmbaniathiscompany’sfirstvirtualshareholders'meetingWednesday.ByMeghaBahreeContributorJul3,2020There’sNoStoppingInvestorLoveForMukeshAmbani,Asia’sRichestPersonJustwhenitseemedthatMukeshAmbani'sfund-raisingspreefromastringofglobalinvestorsforJioPlatformshadconcluded,RelianceIndustriesannouncedFridaythatithadbaggedyetanotherinvestor.ByMeghaBahreeContributorJun22,2020MukeshAmbani’s$22BillionCoupPropelsHimBackIntoTheRanksOfTheWorld’sTop10RichestMukeshAmbani'sfund-raisingfeatbuoyedinvestorconfidenceandReliance’sshares,propellinghimbackintotheranksoftheworld’stop10richestbillionairesafteranine-yearhiatus.ByNaazneenKarmaliForbesStaffJun18,2020MukeshAmbaniSellsNearlyAQuarterOfHisJioPlatforms,MakesRelianceNetDebt-FreeSaudiArabia’ssovereignwealthfundisthelatesttojointhelonglineofinvestorslookingtogainexposuretoIndia’stechandtelecomsectorviaaninvestmentinJioPlatforms,thetelecomanddigitalbusinessofIndianbillionaireMukeshAmbani.ByMeghaBahreeContributorMay8,2020Asia’sRichestManMukeshAmbaniScores$8BillionInLessThanThreeWeeksJioPlatforms,thetelecomanddigitalunitoftheIndianbillionaire’soilandgasgiantRelianceIndustries,announcedonFridayitsthirdinvestmentinthepasttwo-and-a-halfweeks,raisingatotalof$8billionforacumulative$13.5%stake.ByMeghaBahreeContributorMay4,2020IndianBillionaireMukeshAmbani’sSilverLakeDealValuesJioPlatformsAt$65BillionAmidthechaosofthecoronaviruspandemicandtheoilpricecollapse,IndianbillionaireMukeshAmbani,therichestpersoninAsiawithafortuneof$52.9billion,isonadeal-makingspreetoreducethedebtofhisRelianceIndustries.ByNaazneenKarmaliForbesStaffDec3,2019India’sMukeshAmbaniIsNowAmongTheTop10RichestInTheWorldAmbani'snetworthof$60.4billionhascatapultedhimintoninthpositionintherankingsoftheworld’swealthiestpeople.ByMeghaBahreeContributorMoreArticlesalsoonforbesAsia’sRichestPersonSeesHisWealthTop$100BillionBillionaireMukeshAmbani’sRelianceIndustriesHoldsIndia’sTopSpotOnForbesGlobal2000BillionaireMukeshAmbaniBuysGolfClubFeaturedInJamesBondFilm‘Goldfinger’For$79Million