Mukesh Ambani

Ambani was born on 19 April 1957 in the British Crown colony of Aden (present-day Yemen) into a Gujarati Hindu family to Dhirubhai Ambani and Kokilaben Ambani. His father was the founder and CEO of Reliance Industries, currently the largest public company in India by market capitalization.{{Cite web |title=Top 10 Companies In India By Market Valuation In 2025 |url=https://www.forbesindia.com/article/explainers/top-10-companies-india-market-valuation/86307/1 |access-date=2025-06-02 |website=Forbes India |language=en}} He has a younger brother Anil Ambani and two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar.{{Cite web |title=Meet Mukesh Ambani, Anil Ambani's lesser- known sister, she had a love marriage, her children are... |url=https://www.india.com/viral/meet-mukesh-ambani-anil-ambanis-lesser-known-sister-deepti-salgaokar-had-a-love-marriage-her-children-are-isheta-neeshal-7288455/ |access-date=2024-11-17 |website=www.india.com |language=en}}

Ambani lived only briefly in Yemen because his father decided to move back to India in 1958 to start a trading business that focused on spices and textiles.{{Cite news|first=Shyamal|last=Majumdar|url=http://www.rediff.com/money/special/pix-special-how-dhirubhai-ambani-changed-the-idiom-of-doing-business/20150114.htm|title=How Dhirubhai Ambani changed the style of doing business in India|work=Rediff.com|date=14 January 2015|access-date=10 August 2021|archive-date=20 December 2021|archive-url=https://web.archive.org/web/20211220200019/https://www.rediff.com/money/special/pix-special-how-dhirubhai-ambani-changed-the-idiom-of-doing-business/20150114.htm|url-status=live}} The latter was originally named "Vimal" but later changed to "Only Vimal".{{Cite news|first=Piyush|last=Pandey|url=https://timesofindia.indiatimes.com/business/india-business/ril-set-to-part-with-only-vimal-brand/articleshow/14327681.cms|title=RIL set to part with 'Only Vimal' brand|work=The Times of India|date=22 June 2012|access-date=10 August 2021|archive-date=19 May 2022|archive-url=https://web.archive.org/web/20220519055316/https://timesofindia.indiatimes.com/business/india-business/ril-set-to-part-with-only-vimal-brand/articleshow/14327681.cms|url-status=live}}{{Cite web|url=http://www.truthofthoughts.com/life-story-of-mukesh-ambani/|title=Life story of Mukesh Ambani|website=truthofthoughts.com|language=en-US|date=23 February 2017|access-date=30 July 2018|archive-date=15 September 2019|archive-url=https://web.archive.org/web/20190915004924/http://www.truthofthoughts.com/life-story-of-mukesh-ambani|url-status=live}} His family lived in a modest two-bedroom apartment in Bhuleshwar, Mumbai until the 1970s.{{cite web|url=http://www.rediff.com/money/2002/may/11ambani.htm|title=Reliance didn't grow on permit raj: Anil Ambani|date=11 May 2002|work=Rediff.com|access-date=28 October 2010|archive-date=13 August 2017|archive-url=https://web.archive.org/web/20170813013313/http://www.rediff.com/money/2002/may/11ambani.htm|url-status=live}} The family's financial status slightly improved when they moved to India but Ambani still lived in a communal society, used public transportation, and never received an allowance.{{Cite news|url=https://www.nytimes.com/2008/06/15/business/worldbusiness/15ambani.html|title=Meet Mukesh Ambani: India's Richest Man|last=Giridharadas|first=Anand|date=15 June 2008|access-date=10 August 2021|work=The New York Times|language=en|archive-date=14 March 2020|archive-url=https://web.archive.org/web/20200314041705/https://www.nytimes.com/2008/06/15/business/worldbusiness/15ambani.html|url-status=live}} Dhirubhai later purchased a 14-floor apartment block called 'Sea Wind' in Colaba, where Ambani and his brother lived with their families on different floors.{{cite news|url=https://www.nytimes.com/2010/10/29/world/asia/29mumbai.html?ref=global&pagewanted=all|title=Soaring Above India's Poverty, a 27-Story Home|last=Yardley|first=Jim|date=28 October 2010|access-date=10 August 2021|work=The New York Times|archive-date=23 November 2018|archive-url=https://web.archive.org/web/20181123193243/https://www.nytimes.com/2010/10/29/world/asia/29mumbai.html?ref=global&pagewanted=all|url-status=live}}

Ambani did his primary schooling from the Scindia School, Fort, Gwalior{{Cite web |last=Kumar |first=Muneshwar |date=20 October 2023 |title=Scindia School: मुकेश अंबानी से लेकर सलमान खान तक... बड़े-बड़े दिग्गज रहे हैं सिंधिया स्कूल के छात्र, फीस सुनकर उड़ जाएंगे होश |trans-title=Scindia School: From Mukesh Ambani to Salman Khan, Scindia School Students Have Been Big Veterans, Will be Blown Away By Hearing the Fees |url=https://navbharattimes.indiatimes.com/state/madhya-pradesh/gwalior/scindia-school-gwalior-students-from-here-mukesh-ambani-to-salman-khan-shocked-to-hear-tuition-fees/articleshow/104587281.cms |url-status=live |archive-url=https://web.archive.org/web/20231020134945/https://navbharattimes.indiatimes.com/state/madhya-pradesh/gwalior/scindia-school-gwalior-students-from-here-mukesh-ambani-to-salman-khan-shocked-to-hear-tuition-fees/articleshow/104587281.cms |archive-date=20 October 2023 |access-date=21 April 2025 |website=Navbharat Times by The Times of India |language=hi}} and senior secondary schooling from Hill Grange High School at Peddar Road, Mumbai, along with his brother and Anand Jain, who later became his close associate.{{Cite news|url=https://www.indiatoday.in/magazine/economy/story/20050117-anand-jain-a-bone-of-contention-between-the-ambani-brothers-788340-2005-01-17|title=Anand Jain: A bone of contention between the Ambani brothers|last=Bhupta|first=Malini|date=17 January 2005|access-date=10 August 2021|work=India Today|language=en|archive-date=30 July 2018|archive-url=https://web.archive.org/web/20180730202936/https://www.indiatoday.in/magazine/economy/story/20050117-anand-jain-a-bone-of-contention-between-the-ambani-brothers-788340-2005-01-17|url-status=live}} After his secondary schooling, he studied at St. Xavier's College, Mumbai.{{cite news |first=Kasmin |last=Fernandes |title=St. Xavier's is the Indian Hogwarts |url=https://www.mid-day.com/articles/st-xaviers-is-the-indian-hogwarts/68236 |work=Mid-Day |date=2 January 2010 |access-date=10 August 2021 |language=en |archive-date=4 August 2020 |archive-url=https://web.archive.org/web/20200804122607/https://www.mid-day.com/articles/st-xaviers-is-the-indian-hogwarts/68236 |url-status=live }} He then received a BE degree in chemical engineering from the Institute of Chemical Technology.{{cite web|url=http://www.rediff.com/money/2007/jan/17inter.htm|title=Mukesh Ambani on his childhood, youth|work=Rediff.com|date=19 January 2007|access-date=10 August 2021|archive-date=26 September 2018|archive-url=https://web.archive.org/web/20180926063323/http://www.rediff.com/money/2007/jan/17inter.htm|url-status=live}}{{cite journal |last1=Ambani |first1=Mukesh |title=Re-Orienting Education at UDCT |journal=The Bombay Technologist |year=2001 |volume=50 |issue=1 |pages=33–35 |url=http://www.bombaytechnologist.org/index.php/bombaytechnologist/article/view/128789 |archive-url=https://web.archive.org/web/20200612215122/http://www.bombaytechnologist.org/index.php/bombaytechnologist/article/view/128789 |access-date=12 June 2020 |archive-date=12 June 2020 |url-status=dead |language=en |issn=0067-9925}}

Ambani later enrolled for an MBA at Stanford University (where Steve Ballmer was his classmate{{Cite news |last=Pandey |first=Piyush |date=2020-07-15 |title=Will Mukesh Ambani overtake his Stanford classmate Steve Ballmer to become world's 5th richest? |url=https://www.moneycontrol.com/news/business/will-mukesh-ambani-overtake-his-stanford-classmate-steve-ballmer-to-become-worlds-5th-richest-5550891.html |access-date=2024-10-17 |work=Moneycontrol}}) but withdrew in 1980 to help his father build Reliance, which at the time was still a small but fast-growing enterprise. His father felt that real-life skills were harnessed through experiences and not by sitting in a classroom, so he called his son back to India from Stanford to take command of a yarn manufacturing project in his company.

Ambani was influenced by his teachers William F. Sharpe and Man Mohan Sharma because they are "the kind of professors who made you think out of the box."

Mukesh Ambani set up Reliance Infocomm Limited (later Reliance Communications Limited), which was focused on information and communications technology initiatives.{{cite web|url=http://www.rcom.co.in/rcom/StoreLocator/press_release_detail.jsp?id=72|title=Reliance Infocomm Ushers a Digital Revolution in India|date=27 December 2002|work=Press Release by Reliance Infocomm|publisher=Reliance Communications|archive-url=https://web.archive.org/web/20130723100615/http://www.rcom.co.in/rcom/StoreLocator/press_release_detail.jsp?id=72|archive-date=23 July 2013|url-status=dead|access-date=22 August 2013}} At the age of 24, Ambani was given charge of the construction of Patalganga petrochemical plant when the company was heavily investing in oil refinery and petrochemicals.{{Cite book|url=https://books.google.com/books?id=KRKa6WQD8dAC&q=%22patalganga%22+%22mukesh%22&pg=PA362|title=Family Business|last=Poza|first=Ernesto J.|date=29 January 2009|publisher=Cengage Learning|isbn=978-0-324-59769-1|language=en|access-date=17 October 2020|archive-date=1 March 2024|archive-url=https://web.archive.org/web/20240301081911/https://books.google.com/books?id=KRKa6WQD8dAC&q=%22patalganga%22+%22mukesh%22&pg=PA362|url-status=live}}

Ambani directed and led the creation of the world's largest grassroots petroleum refinery in Jamnagar, India, which could produce 660,000 barrels per day (33 million tonnes per year) in 2010, integrated with petrochemicals, power generation, port, and related infrastructure.{{cite web|url=http://www.reliancepetroleum.com/html/mda.html |archive-url=https://web.archive.org/web/20100404033843/http://www.reliancepetroleum.com/html/mda.html |title=Mukesh Ambani :: Reliance Group :: Reliance Petroleum Limited :: Reliance Industries |publisher=Reliance Industries Limited |archive-date=4 April 2010 |access-date=4 April 2010 |url-status=dead}} In December 2013, Ambani announced the possibility of a "collaborative venture" with Bharti Airtel in setting up digital infrastructure for the 4G network in India.{{cite news |url=http://www.indianexpress.com/news/Mukesh-Ambani-hints-at-venture-between-reliance-industries-and-bharti-airtel/1205304/ |work=The Indian Express |title=Mukesh Ambani hints at venture between Reliance Industries and Bharti Airtel |date=9 December 2013 |access-date=10 August 2021 |archive-date=12 December 2013 |archive-url=https://web.archive.org/web/20131212223417/http://www.indianexpress.com/news/mukesh-ambani-hints-at-venture-between-reliance-industries-and-bharti-airtel/1205304/ |url-status=live }} On 18 June 2014, Ambani said he will invest Rs 1.8 trillion (short scale) across businesses in the next three years and launch 4G broadband services in 2015.{{cite news|url=http://www.abplive.in/business/2014/06/18/article345784.ece/Reliance-4G-services-to-be-launched-in-2015-Mukesh-Ambani|archive-url=https://web.archive.org/web/20140619183010/http://www.abplive.in/business/2014/06/18/article345784.ece/Reliance-4G-services-to-be-launched-in-2015-Mukesh-Ambani#.U6MsSv7P2M8|title=Reliance 4G services to be launched in 2015: Mukesh Ambani|date=18 June 2014|archive-date=19 June 2014|access-date=15 January 2022|url-status=dead|publisher=ABP News}}

File:ClintonTataAmbani.jpg

In February 2014, a First Information Report (FIR) alleging criminal offences was filed against Ambani for alleged irregularities in the pricing of natural gas from the KG basin.{{cite web|url=http://indianexpress.com/article/india/india-others/arvind-kejriwal-orders-fir-against-murli-deora-veerappa-moily-and-Mukesh-Ambani/|title=Arvind Kejriwal rakes up K G Basin gas pricing, orders FIRs against Moily, Deora, Mukesh Ambani|work=The Indian Express|date=11 February 2014|access-date=10 August 2021|archive-date=1 August 2021|archive-url=https://web.archive.org/web/20210801213421/https://indianexpress.com/article/india/india-others/arvind-kejriwal-orders-fir-against-murli-deora-veerappa-moily-and-Mukesh-Ambani/|url-status=live}}

Ambani was elected as a member of the National Academy of Engineering in 2016 for engineering and business leadership in oil refineries, petrochemical products, and related industries.{{Cite news|date=8 February 2016|title=Mukesh Ambani elected to National Academy of Engineering, one of only 10 Indians|work=Firstpost|url=https://www.firstpost.com/business/mukesh-ambani-elected-to-national-academy-of-engineering-one-of-only-ten-indians-2617592.html|url-status=live|access-date=10 August 2021|archive-url=https://web.archive.org/web/20200920045155/https://www.firstpost.com/business/mukesh-ambani-elected-to-national-academy-of-engineering-one-of-only-ten-indians-2617592.html|archive-date=20 September 2020}}

As of 2015, Ambani ranked fifth among India's philanthropists, according to China's Hurun Research Institute.{{cite news|url=http://qz.com/321114/indias-biggest-philanthropist-is-seven-times-more-generous-than-the-next/|title=India's biggest philanthropist is seven times more generous than the next|last1=Balachandran|first1=Manu|date=5 January 2015|work=Quartz India|access-date=10 August 2021|archive-date=13 July 2018|archive-url=https://web.archive.org/web/20180713205033/https://qz.com/321114/indias-biggest-philanthropist-is-seven-times-more-generous-than-the-next/|url-status=live}} He was appointed as a Director of Bank of America and became the first non-American to be on its board.{{cite news |url=https://economictimes.indiatimes.com/markets/stocks/announcements/mukesh-ambani-appointed-bank-of-america-as-director/articleshow/7721461.cms |title=Mukesh Ambani appointed Bank of America as director |work=The Economic Times |date=16 March 2011 |access-date=25 January 2019 |archive-date=6 January 2022 |archive-url=https://web.archive.org/web/20220106185728/https://economictimes.indiatimes.com/markets/stocks/announcements/mukesh-ambani-appointed-bank-of-america-as-director/articleshow/7721461.cms |url-status=live }} As of 2016, Ambani was ranked as the 36th richest person in the world and has consistently held the title of India's richest person on Forbes magazine's list for the past ten years.{{cite news|url=http://economictimes.indiatimes.com/news/company/corporate-trends/bill-gates-richest-man-in-world-mukesh-ambani-at-36th-forbes/articleshow/51213191.cms|title=Bill Gates richest man in world, Mukesh Ambani at 36th: Forbes|date=2 March 2016|work=The Economic Times|access-date=10 August 2021|archive-date=18 October 2021|archive-url=https://web.archive.org/web/20211018015720/https://economictimes.indiatimes.com/news/company/corporate-trends/bill-gates-richest-man-in-world-mukesh-ambani-at-36th-forbes/articleshow/51213191.cms|url-status=live}} He is the only Indian businessman on Forbes' list of the world's most powerful people.{{cite web|url=https://www.forbes.com/powerful-people/list/#tab:overall|title=The World's Most Powerful People|access-date=10 August 2021|work=Forbes|archive-date=25 December 2018|archive-url=https://web.archive.org/web/20181225092237/https://www.forbes.com/powerful-people/list/#tab:overall|url-status=live}} He surpassed Jack Ma, executive chairman of Alibaba Group,{{Cite web |date=2024-01-29 |title=Jack Ma {{!}} Biography & Facts {{!}} Britannica |url=https://www.britannica.com/biography/Jack-Ma |access-date=2024-02-01 |website=www.britannica.com |language=en |archive-date=19 January 2024 |archive-url=https://web.archive.org/web/20240119201950/https://www.britannica.com/biography/Jack-Ma |url-status=live }} to become Asia's richest person with a net worth of $44.3 billion in July 2018.{{Cite news |date=2018-07-14 |title=Billionaire Mukesh Ambani topples Jack Ma as Asia's richest person |url=https://timesofindia.indiatimes.com/business/india-business/mukesh-ambani-set-to-topple-jack-ma-as-asias-richest-person/articleshow/64975502.cms?from=mdr |access-date=2024-02-01 |work=The Times of India |issn=0971-8257 |archive-date=1 February 2024 |archive-url=https://web.archive.org/web/20240201072421/https://timesofindia.indiatimes.com/business/india-business/mukesh-ambani-set-to-topple-jack-ma-as-asias-richest-person/articleshow/64975502.cms?from=mdr |url-status=live }} He is also the wealthiest person in the world outside North America and Europe.{{cite news|url=https://timesofindia.indiatimes.com/business/india-business/mukesh-ambani-set-to-topple-jack-ma-as-asias-richest-person/articleshow/64975502.cms|title=Billionaire Mukesh Ambani topples Jack Ma as Asia's richest person|work=The Times of India|date=13 July 2018|access-date=10 August 2021|archive-date=3 January 2022|archive-url=https://web.archive.org/web/20220103143654/https://timesofindia.indiatimes.com/business/india-business/mukesh-ambani-set-to-topple-jack-ma-as-asias-richest-person/articleshow/64975502.cms|url-status=live}}

As of February 2018, Bloomberg's "Robin Hood Index" estimated that Ambani's personal wealth was enough to fund the operations of the Indian federal government for 20 days.{{cite news|url=https://www.bloomberg.com/news/articles/2018-02-12/what-if-the-world-s-richest-paid-for-government-spending|title=What If the World's Richest Paid for Government Spending?|last1=Strauss|first1=Marine|date=11 February 2018|work=Bloomberg|access-date=14 February 2018|last2=Lu|first2=Wei|archive-date=15 February 2018|archive-url=https://web.archive.org/web/20180215143801/https://www.bloomberg.com/news/articles/2018-02-12/what-if-the-world-s-richest-paid-for-government-spending|url-status=live}}

Through Reliance, Ambani also owns the Indian Premier League franchise Mumbai Indians and is the founder of the Indian Super League, a football league in India.{{Cite web|url=https://www.heraldsun.com.au/sport/football/ambani-backs-new-soccer-league-for-india/news-story/65ab8b15438c8b63edb75afd669cffb4?sv=2e0a473ca0dd742e1dfd05b452f8f2e9|archive-url=https://web.archive.org/web/20210810082310/https://webcache.googleusercontent.com/search?q=cache:nhLVSbd-RMIJ:https://www.heraldsun.com.au/sport/football/ambani-backs-new-soccer-league-for-india/story-e6frfg8x-1225970796255%3Fsv%3D2e0a473ca0dd742e1dfd05b452f8f2e9+&cd=2&hl=en&ct=clnk&gl=in|url-status=dead|title=Indian tycoon Mukesh Ambani backs new soccer league|last=Hiscock|first=Geoff|date=14 December 2010|access-date=10 August 2021|archive-date=10 August 2021|work=Herald Sun}}

• Member of Board of Governors Institute of Chemical Technology, Mumbai
• Chairman, managing director, Chairman of Finance Committee and Member of Employees Stock Compensation Committee, Reliance Industries Limited
• Former chairman, Indian Petrochemicals Corporation Limited
• Former vice-chairman, Reliance Petroleum
• Chairman of the board, Reliance Petroleum
• Chairman and Chairman of Audit Committee, Reliance Retail Limited
• Chairman, Reliance Exploration and Production DMCC
• Former director, Member of Credit Committee and Member of Compensation & Benefits Committee, Bank of America Corporation{{cite web|title=Mukesh Dhirubhai Ambani, Reliance Industries: Profile and Biography|url=https://www.bloomberg.com/profile/person/1784869|work=Bloomberg|access-date=10 August 2021|archive-date=10 August 2021|archive-url=https://web.archive.org/web/20210810101920/https://www.bloomberg.com/profile/person/1784869|url-status=live}}
• President, Pandit Deendayal Petroleum University, Gandhinagar, Gujarat
• Member of the Board of Trustees of the World Economic Forum.{{Cite web |title=Leadership and Governance - World Economic Forum |url=https://www.weforum.org/about/leadership-and-governance/}}

File:The Vice President, Shri M. Venkaiah Naidu at an event to give away The Economic Times Award for Corporate Excellence to Shri Mukesh Ambani, in Mumbai.jpg

For manipulating shares of Reliance Petroleum Limited (RPL), Reliance Industries was fined Rs. 950 crores (9.5 billion), split into 447 crores (4.47 billion) in retracted gains and 500 crores (5 billion) in interest in 2007.{{Cite web|url=https://scroll.in/latest/982968/sebi-fines-reliance-industries-mukesh-ambani-rs-40-crore-for-manipulative-trades-in-2007|title=SEBI fines Reliance Industries, Mukesh Ambani Rs 40 crore for 'manipulative trades' in 2007|author=Scroll Staff|website=Scroll.in|date=2 January 2021|access-date=31 January 2023|archive-date=29 January 2023|archive-url=https://web.archive.org/web/20230129083618/https://scroll.in/latest/982968/sebi-fines-reliance-industries-mukesh-ambani-rs-40-crore-for-manipulative-trades-in-2007|url-status=live}} In April 2006, RPL went public as a Reliance subsidiary for Rs. 60 per share. The market crashed by 30% after it floated at roughly Rs. 100, and RPL was back at 60. By Securities and Exchange Board of India directive, RIL carried out an organised operation with the help of its agents to obtain unauthorised profits from the trading of its formerly listed unit, RPL, which was combined with the former in 2009.{{Cite news|url=https://www.thehindu.com/business/Industry/sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-in-rpl-case/article33474227.ece|title=Reliance Petroleum case. SEBI fines Reliance Industries, Mukesh Ambani, two other entities|newspaper=The Hindu|date=1 January 2021|via=www.thehindu.com|access-date=31 January 2023|archive-date=29 January 2023|archive-url=https://web.archive.org/web/20230129055419/https://www.thehindu.com/business/Industry/sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-in-rpl-case/article33474227.ece|url-status=live}}{{Cite web|url=https://www.livemint.com/companies/news/rpl-case-sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-11609514042845.html|title=RPL case: Sebi slaps fine on Reliance, Ambani|first=Kalpana|last=Pathak|date=1 January 2021|website=mint|access-date=31 January 2023|archive-date=29 January 2023|archive-url=https://web.archive.org/web/20230129055419/https://www.livemint.com/companies/news/rpl-case-sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-11609514042845.html|url-status=live}}{{Cite web|url=https://www.businessinsider.in/business/news/sebi-imposes-penalty-on-mukesh-ambani-and-reliance-industries-for-manipulative-trading/articleshow/80071715.cms|title=SEBI imposes penalty on Mukesh Ambani and Reliance Industries for manipulative trading|website=Business Insider|access-date=31 January 2023|archive-date=29 January 2023|archive-url=https://web.archive.org/web/20230129055411/https://www.businessinsider.in/business/news/sebi-imposes-penalty-on-mukesh-ambani-and-reliance-industries-for-manipulative-trading/articleshow/80071715.cms|url-status=live}}{{Cite news|url=https://www.reuters.com/article/india-reliance-penalty-idUSKBN2962DY|title=India's Reliance Industries and chairman fined over share trades|newspaper=Reuters|date=1 January 2021|via=www.reuters.com|access-date=31 January 2023|archive-date=29 January 2023|archive-url=https://web.archive.org/web/20230129060541/https://www.reuters.com/article/india-reliance-penalty-idUSKBN2962DY|url-status=live}}{{Cite news|url=https://www.bloomberg.com/news/articles/2017-03-27/reliance-industries-falls-after-manipulation-charge-trading-ban|title=Reliance Industries Falls After Manipulation Charge, Trading Ban|newspaper=Bloomberg|date=27 March 2017|via=www.bloomberg.com|access-date=31 January 2023|archive-date=30 March 2017|archive-url=https://web.archive.org/web/20170330012055/https://www.bloomberg.com/news/articles/2017-03-27/reliance-industries-falls-after-manipulation-charge-trading-ban|url-status=live}}

File:Ambani Family at reception of Deepika and Ranveer 2018.jpg family at the reception of Deepika Padukone and Ranveer Singh in 2018{{Cite web |title=Meet the Ambanis, the richest family in Asia, who live in a $1 billion skyscraper and mingle with royals, politicians, and Bollywood stars |url=https://www.businessinsider.in/meet-the-ambanis-the-richest-family-in-asia-who-live-in-a-1-billion-skyscraper-and-mingle-with-royals-politicians-and-bollywood-stars/articleshow/67150327.cms |access-date=11 February 2022 |website=Business Insider |archive-date=11 February 2022 |archive-url=https://web.archive.org/web/20220211022414/https://www.businessinsider.in/meet-the-ambanis-the-richest-family-in-asia-who-live-in-a-1-billion-skyscraper-and-mingle-with-royals-politicians-and-bollywood-stars/articleshow/67150327.cms |url-status=live }}]]

File:Mukesh Ambani attending the Nita Mukesh Ambani Cultural Centre Gala on Day 2.jpg

He married Nita Ambani in 1985 and they have two sons, Akash (born 23 October 1991) and Anant (born April 10, 1995),{{Cite news |date=28 June 2024 |title=Unboxing Anant Ambani and Radhika Merchant's exquisite wedding invite |url=https://www.indiatoday.in/india/story/anant-ambani-radhika-merchant-wedding-invite-unboxing-video-2559511-2024-06-28 |url-status=dead |archive-url=https://web.archive.org/web/20240628080653/https://www.indiatoday.in/india/story/anant-ambani-radhika-merchant-wedding-invite-unboxing-video-2559511-2024-06-28 |archive-date=28 June 2024 |access-date=29 June 2024 |work=India Today}} and a daughter, Isha Ambani, who is Akash's twin.{{cite news |last1=Peoplemag |title=All About Billionaire Mukesh Ambani's 3 Children: Akash, Isha and Anant |url=https://people.com/all-about-mukesh-ambani-children-8603971 |access-date=7 March 2024 |date=4 March 2024 |archive-url=https://web.archive.org/web/20240307094211/https://people.com/all-about-mukesh-ambani-children-8603971 |archive-date=7 March 2024 |language=en}}{{cite web|url=http://www.indiatvnews.com/business/india/born-rich-india-s-young-billionaire-heirs-and-heiresses--3676.html|title=India's young billionaire heirs and heiresses|date=28 November 2012|publisher=India TV|access-date=10 August 2021|archive-date=22 April 2021|archive-url=https://web.archive.org/web/20210422034922/https://www.indiatvnews.com/business/india/born-rich-india-s-young-billionaire-heirs-and-heiresses--3676.html|url-status=live}} They met after his father attended a dance performance which Nita took part in and thought of the idea of arranging a marriage between the two.{{cite news|first=Priyanka|last=Vartak|url=http://www.freepressjournal.in/business/nita-ambanis-story-from-school-teacher-to-indias-wealthiest-woman-is-worth-a-read/1175962|archive-url=https://web.archive.org/web/20171124102203/https://www.freepressjournal.in/business/nita-ambanis-story-from-school-teacher-to-indias-wealthiest-woman-is-worth-a-read/1175962|title=Nita Ambani's story, from school teacher to India's wealthiest woman, is worth a read!|date=24 November 2017|work=The Free Press Journal|archive-date=24 November 2017|access-date=10 August 2021|url-status=dead|language=en-GB}}

They live in Antilia, a private 27-storey building in Mumbai, which was valued at US$1 billion and was the most expensive private residence in the world at the time it was built.{{cite news |last=Magnier |first=Mark |date=24 October 2010 |title=Mumbai billionaire's home boasts 27 floors, ocean and slum views |url=https://www.latimes.com/archives/la-xpm-2010-oct-24-la-fg-india-rich-20101025-story.html |url-status=live |archive-url=https://web.archive.org/web/20181015233150/http://articles.latimes.com/2010/oct/24/world/la-fg-india-rich-20101025 |archive-date=15 October 2018 |access-date=10 August 2021 |newspaper=Los Angeles Times}}{{cite news|url=http://www.theage.com.au/executive-style/luxury/indias-richest-man-builds-worlds-first-billiondollar-home-20101015-16mrg.html|title=India's richest man builds world's first billion-dollar home|last=Kwek|first=Glenda|date=15 October 2010|work=The Age|access-date=10 August 2021|location=Melbourne|archive-date=30 October 2010|archive-url=https://web.archive.org/web/20101030060041/http://www.theage.com.au/executive-style/luxury/indias-richest-man-builds-worlds-first-billiondollar-home-20101015-16mrg.html|url-status=live}} The building requires a staff of 600 for maintenance, and it includes three helipads, a 160-car garage, private movie theatre, swimming pool, and fitness centre.{{cite news|url=https://www.huffingtonpost.com/2012/05/18/antilia-inside-mukesh-expensive-home-mumbai_n_1527703.html|title=Antilia: Inside Mukesh Ambani's 27-Story Mumbai Residence, The World's First $1 Billion Home (PHOTOS)|last=Hanrahan|first=Mark|date=18 May 2012|work=HuffPost|access-date=10 August 2021|language=en-US|archive-date=6 February 2019|archive-url=https://web.archive.org/web/20190206053248/https://www.huffingtonpost.com/2012/05/18/antilia-inside-mukesh-expensive-home-mumbai_n_1527703.html|url-status=live}}

Ambani was titled "The World's Richest Sports Team Owner" after he purchased the IPL cricket team Mumbai Indians for $111.9 million in 2008.{{Cite news|url=http://www.espncricinfo.com/ipl/content/story/333193.html|title=Big business and Bollywood grab stakes in IPL|publisher=ESPNcricinfo|date=24 January 2008|access-date=10 August 2021|language=en|archive-date=17 October 2022|archive-url=https://web.archive.org/web/20221017091317/https://www.espncricinfo.com/ipl/content/story/333193.html|url-status=live}}{{cite news|url=https://www.forbes.com/sites/kurtbadenhausen/2018/03/07/the-worlds-richest-sports-team-owners-2018/|title=The World's Richest Sports Team Owners 2018|last=Badenhausen|first=Kurt|work=Forbes|date=7 March 2018|access-date=1 August 2018|language=en|archive-date=1 August 2018|archive-url=https://web.archive.org/web/20180801094354/https://www.forbes.com/sites/kurtbadenhausen/2018/03/07/the-worlds-richest-sports-team-owners-2018/|url-status=live}}

Mukesh Ambani is a strict vegetarian and teetotaler.{{cite web|url=https://www.thomaswhite.com/global-perspectives/mukesh-ambani-reliance-industries-chairman/|archive-url=https://web.archive.org/web/20130615035436/https://www.thomaswhite.com/global-perspectives/mukesh-ambani-reliance-industries-chairman/|title=Mukesh Ambani is India's richest man for the second year in a row|website=thomaswhite.com|date=1 June 2010|archive-date=15 June 2013|access-date=9 April 2018|url-status=dead}}

During the fiscal year ending 31 March 2012, he reportedly decided to forgo nearly ₹240 million from his annual pay as chief of Reliance Industries Ltd (RIL). He elected to do this even as RIL's total remuneration packages to its top management personnel increased during that fiscal year. Mukesh Ambani holds a 50.4% stake in the company.{{cite news |url=https://www.bloomberg.com/news/articles/2012-03-05/ambani-backed-by-india-power-is-asia-s-no-1-billionaire |title=Mukesh Ambani Backed by India Power Holdings Proves Asia's Top Billionaire |last1=Chu |first1=Patrick |last2=Idayu Ismail |first2=Netty |date=5 March 2012 |work=Bloomberg |access-date=10 August 2021 |archive-date=10 August 2021 |archive-url=https://web.archive.org/web/20210810114705/https://www.bloomberg.com/news/articles/2012-03-05/ambani-backed-by-india-power-is-asia-s-no-1-billionaire |url-status=live }} This move kept his salary capped at ₹150 million for the fourth year in a row.{{cite news |url=http://timesofindia.indiatimes.com/business/india-business/Mukesh-Ambani-forgoes-Rs-23-82-crore-from-his-pay-package/articleshow/13064719.cms |work=The Times of India |title=Mukesh Ambani forgoes Rs 23.82 crore from his pay package |date=9 May 2012 |access-date=15 January 2022 |archive-date=12 September 2018 |archive-url=https://web.archive.org/web/20180912050539/https://timesofindia.indiatimes.com/business/india-business/Mukesh-Ambani-forgoes-Rs-23-82-crore-from-his-pay-package/articleshow/13064719.cms |url-status=live }}

In early 2019, a court in Mumbai held his younger brother, Anil Ambani, in criminal contempt for non-payment of personally guaranteed debt Reliance Communications owed to Swedish gearmaker Ericsson. Instead of jail time, the court gave Anil a month to come up with the funds. At the end of the month, Mukesh Ambani bailed out his younger brother, paying the debt.{{cite news |last1=Altstedter |first1=Ari |last2=Sanjai |first2=P. R. |title=Mukesh Ambani Won the World's Most Expensive Sibling Rivalry |url=https://www.bloomberg.com/news/features/2020-06-03/mukesh-ambani-won-the-world-s-most-expensive-sibling-rivalry |access-date=10 August 2021 |work=Bloomberg Businessweek |date=3 June 2020 |archive-date=25 July 2021 |archive-url=https://web.archive.org/web/20210725045357/https://www.bloomberg.com/news/features/2020-06-03/mukesh-ambani-won-the-world-s-most-expensive-sibling-rivalry |url-status=live }}

In 2021, he was the subject of a bomb scare when a green Mahindra Scorpio SUV packed with explosives was found near a Mumbai skyscraper housing Ambani.{{cite news|url=https://www.ft.com/content/19a30cd2-5ec4-4105-a971-294d6ac541cf|title=Mukesh Ambani bomb scare brings Mumbai's dirty politics into the open|newspaper=Financial Times|date=4 April 2021|access-date=1 June 2022|archive-date=8 July 2022|archive-url=https://web.archive.org/web/20220708175435/https://www.ft.com/content/19a30cd2-5ec4-4105-a971-294d6ac541cf|url-status=live}} In 2023, he received a death threat via email.{{cite news |title=Mumbai: Mukesh Ambani Receives Death Threat Via Email; Probe On |url=https://www.news18.com/india/mumbai-mukesh-ambani-receives-death-threat-via-email-probe-on-8637264.html |work=News18 |date=28 October 2023 |language=en |access-date=28 October 2023 |archive-date=28 October 2023 |archive-url=https://web.archive.org/web/20231028080330/https://www.news18.com/india/mumbai-mukesh-ambani-receives-death-threat-via-email-probe-on-8637264.html |url-status=live }}

On July 12 to 14, 2024, the wedding of Anant Ambani and Radhika Merchant was held as a three-day event that took place at the Antilia building and Jio Convention Center in Mumbai.{{Cite web |date=6 July 2024 |title=Asia's richest man Mukesh Ambani is set to throw a grand wedding for his son. Here's what to know |url=https://apnews.com/article/anant-ambani-radhika-mukesh-ambani-wedding-mumbai-f9c517e2d315e0b0f045b4275c44ac71 |access-date=9 July 2024 |website=AP News |language=en |archive-date=9 July 2024 |archive-url=https://web.archive.org/web/20240709025516/https://apnews.com/article/anant-ambani-radhika-mukesh-ambani-wedding-mumbai-f9c517e2d315e0b0f045b4275c44ac71 |url-status=live }}{{Cite news |date=8 July 2024 |title=Anant Ambani and Radhika Merchant: Bieber performs at India's mega wedding |url=https://www.bbc.com/news/articles/cd1de8gzevpo |access-date=10 July 2024 |work=BBC News |language=en-GB |archive-date=10 July 2024 |archive-url=https://web.archive.org/web/20240710154423/https://www.bbc.com/news/articles/cd1de8gzevpo |url-status=live }} It had been described as India's "wedding of the year"{{Cite web |last=Mogul |first=Rhea |date=3 July 2024 |title=The son of Asia's richest man is getting married in one of India's most anticipated — and lavish — weddings of the year |url=https://www.cnn.com/2024/07/03/style/anant-ambani-radhika-merchant-wedding-preview-intl-hnk/index.html |access-date=9 July 2024 |website=CNN |language=en}} and "India's own royal wedding".{{Cite news |last=Ellis-Petersen |first=Hannah |date=12 July 2024 |title=Ambani wedding: after months of celebrations, the 'Windsors of India' finally set to marry |url=https://www.theguardian.com/world/article/2024/jul/12/ambani-wedding-india-anant-radhika-merchant-mumbai-guests |access-date=13 July 2024 |work=The Guardian |language=en-GB |issn=0261-3077 |archive-date=25 July 2024 |archive-url=https://web.archive.org/web/20240725004355/https://www.theguardian.com/world/article/2024/jul/12/ambani-wedding-india-anant-radhika-merchant-mumbai-guests |url-status=live }} The New York Times described it as introducing "the world to [India]'s Gilded Age".{{Cite news |last=Das |first=Anupreeta |author-link=Anupreeta Das|date=12 July 2024 |title=A Wedding Puts India's Gilded Age on Lavish Display |url=https://www.nytimes.com/2024/07/12/world/asia/india-ambani-wedding-billionaire.html |access-date=13 July 2024 |work=The New York Times |language=en-US |issn=0362-4331 |archive-date=13 July 2024 |archive-url=https://web.archive.org/web/20240713001533/https://www.nytimes.com/2024/07/12/world/asia/india-ambani-wedding-billionaire.html |url-status=live }} Estimates for the wedding's cost range from $300 million{{Cite news|url=https://www.thenational.ae/business/economy/an-insight-into-mukesh-ambani-s-empire-and-how-he-became-asia-s-richest-man-1.750368|title=An insight into Mukesh Ambani's empire and how he became Asia's richest man|work=The National|date=15 July 2018|access-date=10 August 2021|language=en}} to $600 million,{{Cite web |last=iyer |first=rahul |date=2024-07-27 |title=Anant Ambani: A Glimpse into His Life and Legacy |url=https://www.leaderbiography.com/anant-ambani/ |access-date=2024-07-29 |website=Leader Biography |language=en}} and had led to criticism regarding wealth inequality in India.{{Cite web |last1=Aggarwal |first1=Mithil |last2=Chhetri |first2=Aishwarya Thapa |date=12 July 2024 |title='The crazy richest wedding ever': Son of Asia's richest man marries after months of lavish events |url=https://www.nbcnews.com/news/world/ambani-wedding-india-mumbai-global-elite-kardashians-bill-gates-rcna161364 |access-date=13 July 2024 |website=NBC News |language=en |archive-date=13 July 2024 |archive-url=https://web.archive.org/web/20240713001533/https://www.nbcnews.com/news/world/ambani-wedding-india-mumbai-global-elite-kardashians-bill-gates-rcna161364 |url-status=live }} Anant Ambani recently donated a crown to Lalbaugcha Raja worth 15 crores.{{Cite web |date=2024-09-06 |title=Anant Ambani donates 20 kg gold crown worth Rs 15 crore to Lalbaugcha Raja |url=https://www.indiatoday.in/business/story/anant-ambani-donates-20-kg-gold-crown-worth-rs-15-crore-to-lalbaugcha-raja-2595102-2024-09-06 |access-date=2024-09-07 |website=India Today |language=en}}

In 2024, he acquired a Boeing 737 Max 9 aircraft, becoming India's first private owner of the aircraft. Purchased at about {{INR}}1000 crores, it is be used by the Ambani family for their long-distance travels.{{Cite web |title=Mukesh Ambani acquires India's first Boeing 737 Max 9 private aircraft: What's special about it? |url=https://www.onmanorama.com/travel/celebrity-travel/2024/09/19/mukesh-ambani-private-jet-boeing-737-max-9.amp.html |access-date=2024-09-19 |website=www.onmanorama.com}}

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{{Reflist|30em}}

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{{Commons category}}

• [http://www.ril.com/OurCompany/Leadership/Chairman-And-Managing-Director.aspx Profile] at Reliance Industries
• [https://www.forbes.com/profile/mukesh-ambani/ Profile] at Forbes
• [https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/ Profile] at Bloomberg L.P.
• {{Britannica|1710517}}
• {{Internet Archive author|sname=Mukesh Ambani}}

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Category:1957 births

Mukesh

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