| net worth: | $114.3 billion |
|---|---|
| age: | 66 |
| Birth: | April 19, 1957 |
| gender: | Male |
| Height: | 1.69 m (5 ft 7 in) |
| country of origin: | India |
| Sources of funds: | entrepreneur |
| Last Updated: | February 15, 2024 |
What is the net worth of Mukesh Ambani?
Introduction
Mukesh Ambani’s net worth is approximately $114.3 billion.
You are watching: Mukesh Ambani Net Worth
Mukesh Ambani is an Indian businessman and chairman of Reliance Industries Limited.
Ranked as the richest person in India, and now among the 25 richest people in the world, he is regarded as one of the most influential people in the world, and his company is one of the most valuable companies in India.
early life
Mukesh was born on 19 April 1957 in Aden, Yemen to Dhirubhai Ambani and Kokilaben Ambani and has two sisters and a brother.
His father worked for a firm in Yemen, but moved to Mumbai in 1958 to start his own company.
His father started out with a spice business but soon moved into the textile business and eventually became one of India’s most famous businessmen.
Mukesh and his brother graduated from Hill Grange High School in Mumbai, India and later went to the Institute of Chemical Technology to obtain a degree in chemical engineering.
He briefly studied at Stanford University in the US, but soon dropped out to help his father set up Reliance Industries.
Livelihood
Mukesh Ambani studied at St. Xavier’s College, Mumbai and then obtained a BE degree in Chemical Engineering from the Institute of Chemical Technology.
He later enrolled at Stanford University for an MBA, but in 1981 his father Dhirubhai Ambani took him out to help build Reliance Industries.
Her father believed that real skills could be learned by working, not sitting in a classroom, so he put her in charge of a thread manufacturing project.
Like many successful entrepreneurs who didn’t graduate from college, Mukesh Ambani may not have finished Stanford, but he has done incredibly well for himself.
Creation of Reliance Industries
Reliance Industries was started in 1980 by Mukesh Ambani’s father and Ambani joined a year later to oversee Reliance’s vertical integration.
Through this process, textiles were converted into polyester fibers and then refined into petrochemicals from which yarn was made.
When he joined the company, Ambani reported directly to Rasikbhai Meswani, then executive director of Reliance.
At this time, the company was in its infancy and was built on the principle of everyone contributing to making it better.
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This theory became extremely important when Rashikbhai died in 1985 and Ambani’s father suffered a stroke in 1986.
The entire responsibility of the company fell on Ambani and his brother and like Jeff Bezos, Mukesh also happily agreed to take up this responsibility.
Control over Reliance
When the control of the company came into the hands of Mukesh, he founded Reliance Infocomm Limited, now called Reliance Communications Limited.
This branch focused on communications and information technology initiatives and has since become a major Indian mobile network provider.
Soon after, he was put in charge of the construction of the Patalganga Petrochemical Plant, where Reliance was investing in petrochemicals and oil refining.
Like Azim Premji, Ambani too set high goals and he ensured that his lofty ideas came to fruition.
Tensions grew between Mukesh and his brother after their father’s death in 2002 as there was no will for the distribution of Reliance.
However, his mother intervened and split the company into two, with Ambani taking over Reliance Industries Limited and Indian Petrochemicals Corporation Limited.
At this time, Mukesh Ambani was on his way to becoming one of the richest people in India and eventually the entire world.
Taking Big Steps
When the Bombay High Court approved his control, Ambani began building the world’s largest petroleum refinery in Jamnagar, India.
This refinery is capable of producing 660,000 barrels per day and 33 million tonnes of oil per year, which is a huge quantity.
During this time he also announced a joint venture with Bharti Airtel to set up infrastructure for 4G networks in India.
In 2014 he said he would invest $1.8 trillion in his business over three years and launch 4G services in 2015.
Ambani was elected a member of the National Academy of Engineering in 2016 and launched the 4G smartphone brand LYF.
Due to his successes, Bloomberg declared in 2018 that Ambani has enough personal wealth to finance the Indian federal government for 20 days.
Mukesh, now one of the world’s richest people, announced plans to launch 5G services in India and high-speed internet in major cities in 2022.
mukesh ambani net worth
Mukesh Ambani’s total wealth is estimated at $114.3 billion.
Mukesh Ambani’s net worth has increased over time
| Year | net worth |
|---|---|
| 2006 | $16.5 billion |
| 2007 | $20.1 billion |
| 2008 | $43 billion |
| 2009 | $32 billion |
| 2010 | $27 billion |
| 2011 | $22.6 billion |
| 2012 | $21 billion |
| 2013 | $21 billion |
| 2014 | $18.6 billion |
| 2015 | $21 billion |
| 2016 | $19.3 billion |
| 2017 | $23.2 billion |
| 2018 | $40.1 billion |
| 2019 | $50 billion |
| 2020 | $36.8 billion |
| 2021 | $84.5 billion |
| 2022 | $90.7 billion |
| 2023 | $83.4 billion |
| 2024 | $114.3 billion |
Highlights
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Here are some of the best moments from Mukesh Ambani’s career:
- Ernst & Young Entrepreneur of the Year (2000)
- NDTV Business Leader of the Year (2010)
Favourite quotes from Mukesh Ambani
“Everyone has equal opportunities, and I think that’s true for everything.” – Mukesh Ambani
“I think our fundamental belief is that for us growth is a way of life and we have to grow all the time.” – Mukesh Ambani
“We are all, in a way, constantly struggling all the time, because we never get what we want. The most important thing I’ve really learned is how not to give up, because you never succeed in the first attempt.” – Mukesh Ambani
Mukesh Ambani’s 3 rules of success
Now that you know all about Mukesh Ambani’s net worth and how he achieved success; let’s look at some of the lessons we can learn from him:
1. “Growth is a way of life.”
Growth is truly a way of life.
We all make mistakes and achieve some successes, but what we learn from these experiences is what teaches us to move forward and grow as human beings.
2. “Everyone should get equal opportunities.”
Every individual has equal opportunity in every aspect of life.
No matter who you are or where you come from, you should have the same rights as any other human being.
3. Never give up.
Success is never easy, and just because you fail the first time doesn’t mean you should give up.
Learn from your failures and let them help you grow and move forward to your next attempt. Each of us has the potential to achieve everything we want.
Frequently Asked Questions
What is the net worth of Mukesh Ambani?
Mukesh Ambani’s total wealth is estimated at $114.3 billion.
How old is Mukesh Ambani?
Mukesh Ambani was born on 19th April 1957 and currently his age is 67 years.
What is the height of Mukesh Ambani?
Mukesh Ambani’s height is 1.69 m, which is equal to 5 feet 7 inches.
Summary
Mukesh Ambani is one of the richest people in the world and his company ‘Reliance Industries Limited’ is one of the top richest companies in India.
He has established himself well in the business world and has done a lot of work in the business world.
As of 2020, Mukesh Ambani’s net worth is approximately $114.3 billion.
What do you think about Mukesh Ambani’s net worth? Comment below.
Source: https://th-xuyenmoc.edu.vn
Category: Net worth