Mukesh Ambani

Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian business magnate and the chairman and managing director of Reliance Industries,^[4]the largest private sector enterprise in India, a Fortune 500 company,^[5] and one of the largest private sector conglomerates in the world. His personal stake in Reliance Industries is 48%.^[6]

Mukesh Ambani
Mukesh Ambani
Born	19 April 1957 (age 53) Aden, Colony of Aden (nowYemen)[1]
Residence	Antilia, Mumbai, Maharashtra
Nationality	Indian
Alma mater	University of Mumbai Stanford University, Dropout
Occupation	Chairman & MD of Reliance Industries
Net worth	US$29.0 billion (2010)[2]
Religion	Hindu
Spouse	Nita Ambani
Children	Akash, Anant, Isha[3]
Relatives	Anil Ambani (Brother)

As of July 2010, he is the richest man in Asia^[7] 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,^[8] with net worth climbing to US$63.2 billion leaving Bill Gates behind at around $56 billion.^[9][10]According to Forbes Magazine forecasts, he is expected to regain the title of the richest man in the world in 2014.^[11][12]

Contents  [hide] 1 Family and early life 2 Personal life 3 Career 4 Honours and awards 5 References 6 External links

Family and early life

Antilia as seen from Altamount Road,Mumbai

Mukesh Ambani is the eldest son of Dhirubhai Ambani, the late founder of Reliance Industries.^[13] He has a brother, Anil, and two sisters.

The Ambani family lived in a two bedroom apartment in Bhuleshwar, Mumbai until the 1970s.^[14] 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.^[15]

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.^[16] He owns the Indian Premier League team, the Mumbai Indians.

They live in a private 27 story building in Mumbai named Antilia.^[17] 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.^[18]

Career

He joined Reliance Industries in 1981.^[19] 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 initiatives 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.^[20]

Honours and awards

^[21]

Ambani (right) with Ratan Naval Tata and U.S. Secretary of State Hillary Rodham Clinton

• January 2010: School of Engineering and Applied Science of the University of Pennsylvania confers him with the Dean's medal.
• Chosen the businessman of the year 2007 by a public poll in India conducted by NDTV
• Conferred the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington.
• Ranked 42nd among the World's Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted byPricewaterhouse Coopers and published in Financial Times, London, November 2004.
• Conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004.
• Chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.
• Ranked 13th in Asia's Power 25 list of The Most Powerful
• Awarded the "Chitralekha Person of the Year Award -- 2007" by Gujarat Chief Minister Narendra Modi.
• Former Chairman of Indian Institute of Management Bangalore(IIM-B).
• Fishing Diplomat
• Honorary Fellow of IChemE (the Institution of Chemical Engineers)
• In 2010, he was named among the most powerful people in the world by Forbes in its this year’s list of 68 people "who matter ^[22]

He is also a member of the International Advisory Board, a globalist think tank council on foreign relations.^[23][24][25]

References

1. ^ "The Rediff Business Interview/ Mukesh Ambani". Rediff. June 17, 1998. Retrieved 2010-07-15.
2. ^ Mukesh Ambani topic page. Forbes.com. Retrieved September 2010.
3. ^ "NY Times pics on Mukesh Ambani". India: Nytimes.com. 2008-06-15. Retrieved 2010-02-09.
4. ^ "Mukesh Ambani :: RIL :: Reliance Group of Industries". RIL. Retrieved 2010-02-09.
5. ^ "FORTUNE Global 500 2006: Countries". Money.cnn.com. 2006-07-24. Retrieved 2010-02-09.
6. ^ "The World's Billionaires". Forbes. 2007-03-08. Retrieved 2007-03-09. "Year 2007."
7. ^ "Forbes topic page on Mukesh Ambani". Forbes. Retrieved 2010-04-05.
8. ^ "Mukesh Ambani Becomes World’s Richest Man". Economic Times. Retrieved 2010-04-05.
9. ^ "World's richest is Mukesh Ambani: Billion-dollar decisions from a billion-dollar home". Retrieved 2010-04-05.
10. ^ "Mukesh Ambani Becomes World’s Richest Man". Retrieved 2010-04-05.
11. ^ "Mukesh Ambani to be richest man in world in 2014: Forbes". Deccan Herald. 2010-10-11. Retrieved 2010-11-28.
12. ^ "Mukesh Ambani to be richest man in world in 2014: Forbes". Daily News and Analysis. 2010-10-12. Retrieved 2010-11-28.
13. ^ "Mukesh Ambani | Reliance Industries | Dhirubhai Ambani | Worlds Richest Men - Oneindia Living". Living.oneindia.in. Retrieved 2010-10-28.
14. ^ "Reliance didn't grow on permit raj: Anil Ambani". rediff.com. 2002-05-11. Retrieved 2010-10-28.
15. ^ Yardley, Jim (2010-10-28). "Soaring Above India's Poverty, a 27-Story Home". The New York Times.
16. ^ "Nita Sikbani". Da-is.org. Retrieved 2010-02-09.
17. ^ Kwek, Glenda (2010-10-15). "India's richest man builds first $1-billion home, Antilia, Ambani". Melbourne: Theage.com.au. Retrieved 2010-10-28.
18. ^ Mark Mangier (October 24, 2010). "Mumbai billionaire's home boasts 27 floors, ocean and slum views". The Los Angeles Times.
19. ^ "Mukesh Ambani :: RIL :: Reliance Group of Industries". RIL. Retrieved 2010-03-29.
20. ^ "Mukesh Ambani :: Reliance Group :: Reliance Petroleum Limited :: Reliance Industries". RIL. Retrieved 2010-02-18.
21. ^ "Mukesh Ambani - Chairman and Managing Director, Reliance Group". RIL. 2005-02-21. Retrieved 2010-02-18.
22. ^ . http://www.thehindu.com/news/national/article868374.ece.
23. ^http://www.cfr.org/content/about/annual_report/ar_2008/Intl_Advisory_Board2008.pdf
24. ^ "Leadership and Staff - Council on Foreign Relations". Cfr.org. 2009-12-05. Retrieved 2010-08-31.
25. ^ [1]^{[dead link]}