India’s richest man is a huge figure in the Indian business world. His name is Mukesh Ambani and he has amassed his fortune through many different ventures. This includes oil and gas exploration, petrochemicals, textiles, natural resources, and retail.
He was born into a family that had their own trading company back in 1957. The company had a mere $6 million to its name as of that time. Most importantly, they have since grown that wealth exponentially over the years. And also working hard and always looking for new opportunities.
In this article, we will take an in-depth look at Ambani’s ventures. You can learn more about one of India’s most successful businessmen!
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Mukesh Ambani Early Life and Education
Mukesh was born on 19 April 1957 to a family that had their own trading company. His father, Dhirubhai Ambali, saw many opportunities for growth and expansion because people were moving from rural areas into cities. This is because people needed basic needs such as food and clothing which his business thrived on.
Mukesh attended the Cathedral and John Connon School with his brother Mukul who would go on to work for Mukesh. He was always a studious child and he graduated in 1976 with an MBA from Stanford University.
Mukesh Ambani Personal life
Mukesh married Nita Kothari who is the daughter of Satish Kothari, a CEO with Tractors and Farm Equipment Limited. He has one daughter, Isha, and two sons named Akash and Anant.
Mukesh’s children grew up in privileged environments most of their life. But Mukesh is not afraid to let his kids experience the hard work that goes into running a company.
He wants his children to be able to grow up and experience the same work ethic as he has.
Mukesh Ambani Net Worth
Ambani is currently the richest person in India. And his net worth is $84.5 billion according to Forbes.
Facts About Mukesh Ambani The Richest Man In India
1.Mukesh Ambani is the first Asian member of the world’s top 10 richest people.
Mukesh Ambani is the first Asian member of the world’s top 10 richest people. He surpassed the richest woman in the world Francoise Bettencourt Meyers, to become the ninth-richest person in the world.
Ambani now sits just below Google co-founder Sergey Brin, whose worth is $89 billion.
2. Mukesh Ambani and his family live in a skyscraper worth an estimated $1 billion
Ambani and his family live in Antilia, a private 27-story building in Mumbai. This house was valued at US$1 billion as the most expensive private residence in the world at the time it was built.
The building requires a staff of 600 for maintenance. And it includes three helipads, a 160-car garage, a private movie theater, a swimming pool, and a fitness center.
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3.Dhuribhai Ambani introduced Nita Ambani to Mukesh Ambani
Mukesh and Nita Ambani are a power couple in every sense of the word. According to The Economic Times, Dhirubhai Ambani first noticed Nita Ambani, a trained Bharatnatyam dancer, at a dance recital and then asked her if she wanted to meet Mukesh Ambani.
Nita Ambani reportedly hung up on him twice, thinking it was a prank call, according to a report from Fortune.
4.Mukesh Ambani and his family enjoy Z level security
According to a Times Now story, Mukesh Ambani is India’s sole businessman who has Z-level security. This costs him around 15-16 lakhs per month. It is also reported by Reuter that, he was granted Z class security in 2013.
However, this is the second-highest grade in India, after receiving threats from a terrorist group.
5.Ambani in 2019 got approximately $31,202 richer every minute.
Mukesh Ambani made a $16.4 billion growth in wealth in 2019. This is divided by the 525,600 minutes that make up a year. This is one of the reasons he is the richest man in India.
6. Mukesh’s income in 2018 was 7.2 million times the average annual salary in India.
According to a study from Azim Premji University, “State of Working India” The average salary of regular workers in India in 2018 was 162,744 rupees, or $2,283.
7.This is what Mukesh Ambani earned every hour during the lockdown
Economic Times, reports that Mukesh Ambani earned 90 crores every hour since March when the lockdown was announced. The figures were shared in the IIFL Wealth Hurun India Rich List 2020.
8.Mukesh Ambani’s wealth is greater than the entire GDP of Tanzania.
The GDP of Tanzania in 2020 was about $62.40 billion according to World Bank data. While Ambani’s wealth is an estimated $84.5billion.
9.Mukesh Ambani is a college dropout
Mukesh Ambani was studying MBA at Stanford University in California in 1980. But had to drop out of the Ivy-league school to return to India and join his family business.
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10.Ambani is four times richer than the fourth-richest person in India,Radhakishan Damani
Radhakishan Damani’s net worth of $15.4 billion, which makes him the fourth richest person in India today. He occupies the 133rd position in the global rich list. Radhakishan Damani is a veteran Mumbai stock market investor who founded the supermarket chain DMart which went public in 2017.
It is the world’s most-valued retail chain for its unique model. That makes the holding company Avenue Supermarts more profitable than many of its peers.
In summary, Mukesh Ambani is the richest man in India. And he has made a mark on Indian society by increasing economic growth while simultaneously reducing poverty rates.
His influence can be felt across many industries through his company Reliance Industries Limited (RIL). Please leave us a comment.