Mukesh Ambani : Great Business Leader

Topics: Mukesh Ambani, Reliance Anil Dhirubhai Ambani Group, Dhirubhai Ambani Pages: 4 (1264 words) Published: November 30, 2010
Suman Ledalla
Great Business Leader

Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian business magnate and the chairman and managing director of Reliance Industries, the largest private sector enterprise in India, a Fortune 500 company, and one of the largest private sector conglomerates in the world. His personal stake in Reliance Industries is 48%. As of July 2010, he is the richest man in Asia 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 capitalization of all Reliance group companies, making him for a while the world’s richest man, with net worth climbing to US$63.2 billion leaving Bill Gates behind at around $56 billion. He is expected to regain the title of the world's richest person in 2014, according to Forbes Magazine forecasts.

Family and early life

Mukesh Ambani is the eldest son of Dhirubhai Ambani, the late founder of Reliance Industries. He has a brother, Anil, and two sisters. The Ambani families lived in a two bedroom apartment in Bhuleshwar, Mumbai until the 1970s. 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. 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. He owns the Indian Premier League team, the Mumbai Indians. They live in a private 27 story building in Mumbai named Antilia. Costing approx. 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.


He joined Reliance Industries in 1981. He initiated Reliance's backward...
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