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• Born19 April 1957 (age 54) Aden, Colony of Aden (nowYemen) • ResidenceMumbai, Maharashtra • Nationality Indian • Alma University of Bombay • Mater stanford university(dropo) • OccupationChairman & MD of Reliance Industries • Net worthUS$27 billion (2011)ReligionHinduSpouseNita AmbaniChildrenAkash, Anant, IshaRelativesAnil Ambani (Brother)
• Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian business magnate is the current chairman and managing director ofReliance Industries, the largest private sector enterprise in India, a Fortune 500 company, and one of the largest private sectorconglomerates in the world. His personal stake in Reliance Industries is 48%. On the 17th of August 2011, Reliance Industries Ltd. lost its status as India's most valuable firm. RIL , for long the favourite of Indian investors, was knocked off its four-year perch as the country's most valuable company, as fears over slowing gas production dragged its stock down almost 30% in 2011 and led to the first full day of trade with state owned Coal India on top. 
In 2010, he was named among the most powerful people in the world by Forbes in its list of "68 people who matter most" As of 2011, he is the second richest man in Asia and the ninth richest man in the world with a personal wealth of US$27 billion. In 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalisation of Reliance group companies, briefly making him the world’s richest man. According to Forbes Magazine forecasts, he is expected to regain the title of the richest man in the world in 2014.
Contents [hide] •1 Early life and education •2 Career •3 Awards and honours •4 KG-D6 Gas Controversy •5 Personal life •6 References •7 External links
Early life and education
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 family 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 Col Mukesh Ambani was educated at Abaay Morischa School in Mumbai and completed his graduation with a bacheor`s degree in chemical engineering from the UDCT, now Institute of Anil Ambani is also a billionaire and owns a competing company, Reliance Anil Dhirubhai Ambani Group. The two brothers have had clashes over business.
Antilia as seen from Altamont Road,Mumbai
Career He joined Reliance Industries in 1981. 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 initiatives 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.
Year of Award or Honor 2010
Name of Award or Honor School of Engineering and Applied Science Dean's Medal United States-India Business Council Leadership Award Chitralekha Person of the Year Award
Awarding Organization University of Pennsylvania. United States-India Business Council. Government of Gujarat. Total Telecom.
2007 2007 2004
World Communication Award
London, November 2004: He was Ranked 42nd among the World's Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in Financial Times. September 2004: He was Chosen Telecom Man of the Year 2004 by Voice and Data magazine. He is ranked 13th in Asia's Power 25 list of The Most Powerful He is a former Chairman of Indian Institute of Management Bangalore(IIM-B). He is a Honorary Fellow of IChemE (the Institution of Chemical Engineers)[
In its leaked Draft Report (2010–2011), the Comptroller and Auditor General of India's (CAG) first ever audit of oil and gas companies operating in India, said that the Government of India unduly favoured private oil and natural gas explorers including the Mukesh Ambaniled Reliance Industries Ltd incurring a huge loss to the exchequer. The CAG report mentioned that the Ministry of Petroleum and Natural Gas (MOP&NG) and its regulatory arm – the Directorate General of Hydrocarbons (DGH) – allegedly favoured at least three private oil and natural gas explorers. The report alleges that the government allowed Ambani's Reliance Industries Ltd (RIL) to violate terms of its contract with the government for exploration in theKrishna-Godavari basin (KG-D6). The CAG report also stated that the Directorate General of Hydrocarbons had allowed RIL to violate norms.The violation of terms, in turn, helped Reliance Industries Ltd increase its capital expenditure plan to start production from the Krisha-Godavari basin. Allegedly, 70% of the draft Comptroller and Auditor General of India
Prime Minister Manmohan Singh's government has been accused of providing “huge” and “undue benefit” to Reliance Industries Ltd – the Comptroller and Auditor General has indicted the Ministry of Petroleum and Natural Gas for allowing “irregularities and bending rules” to “oblige” RIL in the Krishna Godavari basin gas fields, leading to a massive and as yet “unquantifiable” loss to the national exchequer. In its 193-page Draft Report on production sharing contracts (PSCs) in the oil and gas field , the CAG exposes the “close nexus” between RIL and the “bureaucrats” working in the Petroleum Ministry as well as its Directorate General of Hydrocarbons. This allowed RIL to retain its entire offshore acreage, rather than surrendering those areas where it had not found oil or gas so that the government could invite fresh bids from other companies.
The CAG sent its Draft Report to the Ministry of Petroleum and Natural Gas (MOP&NG) on 8 June 2011. The CAG report also noted that former Directorate General of Hydrocarbons (DGH) permitted Reliance Industries Ltd (RIL) to inflate its development costs on extracting the gas in the D6 block to the KG basin (KG-D6) from USD $2.47 billion to a huge USD $ 8.84 billion. The CAG also cited a joint venture of RIL with British Gas(BG) and Oil and Natural Gas Corporation(ONGC) for hiking development costs in the PannaMukta and Tapti gas fields. It has been earlier been alleged that an Empowered Group of Ministers (EGoM) had allowed Reliance Industries Ltd to sell per unit of the gas at a price of INR Rs. 4.20 even as the government companies were selling the same for just INR Rs. 1.
The alleged modus operandi was to submit a bid which shows a certain capital cost and during the operation of the contract, inflate the capital cost by a huge amount with the connivance of the Directorate General of Hydrocarbons (DGH) and the Ministry of Petroleum and Natural Gas (MOP&NG). On 24 June 2011, Reliance Industries Ltd (RIL) chairman Mukesh Ambani met Prime Minister Manmohan Singh amid accusations of his company increasing capital expenditure and violating terms of contracts with the Government of India. Ambani met the PM in the wake of the Draft Report from the Comptroller and Auditor General (CAG) that had alleged that RIL received favours from the Ministry of Petroleum and Directorate General of Hydrocarbons, the regulator for oil hunting companies. RIL had also obtained portions of the CAG Draft Report after it made a request to the Ministry of Petroleum.
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. It is estimated to be valued at over US$1 billion to build. It is claimed to be the most expensive home in history.[33
References ^ "The Rediff Business Interview/ Mukesh Ambani". Rediff. 17 June 1998. Retrieved 15 July 2010. ^ Mukesh Ambani topic page. Forbes.com. Retrieved September 2010. ^ "NY Times pics on Mukesh Ambani". The New York Times (India). 15 June 2008. Retrieved 9 February 2010. ^ "Mukesh Ambani :: RIL :: Reliance Group of Industries". RIL. Retrieved 9 February 2010. ^ "FORTUNE Global 500 2006: Countries". CNN. 24 July 2006. Retrieved 9 February 2010.
^ "The World's Billionaires". Forbes. 8 March 2007. Retrieved 9 March 2007. "Year 2007." ^ "Reliance loses status as India's most valuable firm". Money Control. 18 August 2011. Retrieved 20 August 2011. ^ "Sonia Gandhi, Tata in Forbes' most powerful people list". The Hindu (Chennai, India). 4 November 2010. ^ "Forbes topic page on Mukesh Ambani". Forbes. Retrieved 5 April 2010. ^ "Mukesh Ambani Becomes World’s Richest Man". Economic Times. Retrieved 5 April 2010.
^ "World's richest is Mukesh Ambani: Billiondollar decisions from a billion-dollar home". Retrieved 5 April 2010. ^ "Mukesh Ambani Becomes World’s Richest Man". Retrieved 5 April 2010. ^ "Mukesh Ambani to be richest man in world in 2014: Forbes". Deccan Herald. 11 October 2010. Retrieved 28 November 2010. ^ "Mukesh Ambani to be richest man in world in 2014: Forbes". Daily News and Analysis. 12 October 2010. Retrieved 28 November 2010. ^ http://www.cfr.org/content/about/annual_re port/ar_2008/Intl_Advisory_Board2008.pdf
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