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the chairmanand managing director of Reliance Industries,[4] the largest private sector enterprise
in India, a Fortune 500 company.[5], and one of the largest private sector conglomerates in the
world.
As of July 2010, he is the richest man in Asia[2] and the fourth richest man in the world with a
personal wealth of US$29.0 billion. On 29 October 2007, there was a strong bull rally in the Indian
stock market and the appreciation of the Indian rupee, which boosted the market capitalisation of
all Reliance group companies, in which Mukesh Ambani has a very significant stake, resulting in
making him the world’s richest man,[7] with net worth climbing to US$63.2 billion leaving Bill
Gates behind at around $56 billion.[8][9]
He is expected to be the world's richest person in 2014 according to Forbes Magazine forecasts.
[10]
Contents
[hide]
• 2 Personal life
• 3 Career
• 5 See also
• 6 References
• 7 External links
Mukesh Ambani is the eldest son of Dhirubhai Ambani, the late founder of Reliance Industries.
The Ambani family (including parents and brothers) lived in a 2 bedroom apartment
inBhuleshwar, Mumbai until the 1970s.
His younger brother, Anil Ambani, is also a billionaire and owns a competing company,Reliance
Anil Dhirubhai Ambani Group.
[edit]Personal life
He is married to Nita Ambani and has three children, Akash, Anant and Isha.[11] He owns the
Indian Premier League team, the Mumbai Indians.hhh
[edit]Career
He joined Reliance Industries in 1981. [13] He initiated Reliance's backward integration journey
from textiles into polyester fibres and further into petrochemicals, petroleum refining and going
up-stream into oil and gas exploration and production.
Ambani set up one of the largest and most complex information and communications technology
initiative in the world in the form of Reliance Infocomm Limited (now Reliance Communications
Limited).
Ambani directed and led the creation of the world’s largest grassroots petroleum refinery at
Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tonnes per year)
integrated with petrochemicals, power generation, port and related infrastructure.[14]
In August 2010 Reliance announced a $392 million stake in a USA natural gas interest located in
central and northeast Pennsylvania. Reliance has also purchased significant stakes in the shale
gas assets of Atlas Energy Inc. and Pioneer Natural Resources. [15]
Ambani (right) with Ratan Naval Tata and U.S. Secretary of State Hillary Rodham Clinton