Facts of Mukesh Ambani Networth
|Full Name||Mukesh Ambani|
|Birth Name||Mukesh Dhirubhai Ambani|
|Father Name||Dhirubhai Ambani|
|No Of Children||3|
|Education||Institute of Chemical Technology|
|Date of Birth||April 19,1957|
What Is The Net Worth Of Mukesh Ambani?
Mukesh Ambani is an Indian businessman, engineer and the chairman and largest shareholder of Reliance Industries Limited, with a net worth of $48.7 billion. As of 2019, he is the richest man in Asia and the 13th richest man in the world.
Besides his shareholdings in Reliance, he is a member of boards in various companies. He along with his family, is also an active philanthropist and the owner of the Indian cricket club, Mumbai Indians.
Net Worth Details: Career and Business Ventures
Ambani started his career in 1981, by helping his father Dhirubhai run their family business, Reliance Industries Limited. Since then, he has expanded the company to various consumer products and amassed a net worth of $48.7 billion.
He passed Jack Ma, for the title of the richest man in Asia on July of 2018. He also gives himself an annual salary of $2 million.
Reliance Industries: Revenue, Net Income, Assets
Reliance was founded on May 8, 1973, by Mukesh's father Dhirubhai Ambani. It is a conglomerate that holds many subsidiaries. It became the largest company in India in terms of revenue by recently surpassing the government-controlled Indian Oil Corporation.
On October 18, Reliance became the first Indian company to breach $100 billion market capitalization. This is the market standings of Reliance in the fiscal year 2018-2019:
|Operating Income||$13 billion|
|Net Income||$5.7 billion|
|Total Assets||$140 billion|
|Number of Employees||194,056|
These are the subsidiaries under Reliance:
- Reliance Jio
- Reliance Retail
- Reliance Petroleum
- Network 18
- DEN Networks
Awards received by Reliance:
- International Refiner of the year in 2017 at Global Refining and Petrochemicals Congress 2017
- International Refiner of the Year in 2013 at the HART Energy's 27th World Refining & Fuel Conference.
- National Energy Conservation Award in the petrochemical sector (1994-1997)
Mukesh for JIO
Reliance is ranked 148th on the Fortune Global 500 list of the world's biggest corporations as of 2018 and 8th among the Top 250 Global Energy Companies by Platts. It is also India's largest merchandise exporter with a total value of $20.4 billion.
Mukesh is also the owner of Indian Premier League (IPL) and the club Mumbai Indians. The value of IPL has reached over $5.3 billion as of 2017. Mumbai Indians are also the first team in IPL to reach a value of over $100 million at $106 million.
JIO: India's Largest Mobile Net Work
Released in September 5, 2016, under the Reliance brand, a subsidiary, Reliance Jio Infocomm Limited has earned a top-five spot in the country's telecommunications services. JIO operates telecommunications services in all of India's states. It is the largest mobile network operator in India and the third largest mobile network operator in the world with over 322.99 million subscribers.
Jio is known for providing unexpected bonuses, awards, facilities and fast services at a relatively low cost. Hence, becoming India's largest mobile network operator in just 3 years of it's public release (5 September 2016).
Mukesh Ambani's Assets
Mukesh Ambani is not only one of the richest person in the world but also the owner of second most expensive residential property in the world. FInd out about his personal ownings.
Antilia at $2 Billion is The Second Most Expensive Residential Property
Ambani's house, Antilia, is as well known as him. It is a building located in South Mumbai and is valued at $2 billion and is the second most valuable residential property after Buckingham Palace.
It was built in a property that previously had an orphanage in 2006 after much controversy from Nawab Malik of Waqf, who wanted the land to be donated under Muslim law.
Ambani's House in South Mumbai
The tower sits on a 49,000 square foot area, is 570 foot tall and has 27 floors with extra-high-ceilings. There are 9 elevators for transport, a 50 seat movie theater, multiple spas and swimming pools, an ice cream room and 3 helipads.
Antilia Details (source:allthatsinterresting)
The house is said to withstand an earthquake of 8 Richter scale. It has also been a topic for criticism in the architectural community and mockery in public media due to its unusual design.
Mukesh has a total of 168 cars that he has housed in 6 floors of his massive tower. Some of his most prized possessions are:
Mercedes Maybach 62-$1.35 million
Rolls-Royce Phantom Drophead Coupe-$337,402
Aston Martin Rapide-$244,740
Bentley Flying Spur-$244,600
Charity And Endorsements
He is the most charitable person in India and has topped the Hurun India Philanthropy List 2018. His contribution amounted to over $600 million in between October 2017 and September 2018.
He conducts his charity work through Reliance Foundation. The foundation works extensively in the fields of sport, rural transformation, education, health, urban renewal and arts, culture and heritage.
Mukesh Ambani's wife Nita with children
He endorses IPL and all the teams in it's franchise. He also backed Congress' Milind Deora for South Mumbai elections in 2019.
Through his taxable income of $2 million, it can be estimated that 30% income tax and 15% surcharge amounts to be around $700,00 per year. His company also accounts for 5% of India's total tax revenue which amounts to be around $23.7 million.
However, these numbers are just estimates, and the exact details of Ambani's financial matters is only known by him and his accountants.
The Personal Life Of Mukesh Ambani
Mukesh Ambani was born on April 19, 1957 to parents Dhirubhai and Kokilaben Ambani in Aden, Yemen. He was the eldest of four children, Anil, Nina and Deepti. Ambani grew up in Mumbai after his father decided to leave Yemen.
He attended Hill Grange High School along with his brother. He received a BE degree in Chemical Engineering from Institute of Chemical Technology and enrolled in Stanford to pursue an MBA degree from which he later dropped out to help his father build Reliance.
Mukesh is married to Nita Ambani since 1985 after his father attended a dance performance in which Nita participated and thought of arranging a marriage between the two. His wife describes him as a shy and quiet person.
Mukesh with his wife and children
He has 3 children with his wife, Anant and Akash and daughter Isha. It is Mukesh's priority to spend time with his children and reserves every Sundays for his family.
Daughter Isha's Lavish $100 Million Wedding
His daughter Isha's wedding cost over $100 million, making it one of the most expensive weddings ever.
Isha Ambani's Wedding Card
Age & Height
Mukesh Ambani is 62 years of age and has a height of 169 cm or 5 feet 7 inches.