What is Mukesh Ambani Net Worth?
Mukesh Ambani Net Worth is US$ 90.7 Billion as of 2022.
|Net Worth||US$ 90.7 Billion|
|Born:||April 19, 1957 (66 Years)|
|Country of Origin||India|
|Source of Wealth||Businessman|
|Spouse||Nita Ambani (m. 1985)|
|Children||Akash and Anant (two sons), and Isha (a daughter)|
|Famous For||Billionaire Businessman|
Table of Contents
Mukesh Ambani is one of the most successful and influential business magnates in the world. The chair and managing director of Reliance Industries, a Fortune Global 500 company based in India, he has been at the helm of Reliance since 2002. Throughout his career, he has played an integral part in developing India’s economy through his investments and entrepreneurial success.
In addition to his business acumen, he also stands out for his philanthropy work and commitment to social progress. He has donated millions of dollars to charities over the years, including an endowment fund to aid rural development projects throughout India. He is also known for being an innovative leader who puts customer satisfaction at the forefront; many have credited him with revolutionizing Indian markets through Reliance Industries’ mobile phone services and digital media offerings.
Mukesh Ambani helped his father to start a yarn manufacturing business.
Mukesh took the responsibility for the company as his father, Dhirubhai suffered from a stroke
He received control of Reliance Industries Limited and Indian Petrochemicals Corporation Limited companies after having a dispute with his brother over companies
He started a petroleum refinery at Jamnagar in India, which is the largest grassroots refinery in the world
He announced a “collaborative venture” with Bharti Airtel for 4G network infrastructure in India
He launched 4G services in India
- He was elected as a member of the National Academy of Engineering
- He launched 4G smartphones under brand LYF
- He started Jio services
He announced a plan for 5G internet service
Mukesh Ambani Early Life
Mukesh Ambani was born on April 19, 1957, in Gujarat, India. His father Dhirubhai Ambani was one of the leading businessmen in India. His mother is Kokilaben Ambani. He has two sisters, Dipti Dattaraj Salgaonkar and Nina Bhadrashyam Kothari. His younger brother is Anil Ambani. He lived in Yemen for a few years before his father moved to India to do the trading business of textiles and spices. He used to live in Bhuleshwar, Mumbai, with his family until the 1970s.
He completed schooling at Hill Grange High School, Mumbai with his brother. He studied at St. Xavier’s College, Mumbai. He pursued his degree of BE in chemical engineering from the Institute of Chemical Technology. He then went on to study MBA at Stanford University but did not complete it in order to assist his father in building the Reliance company in 1980. His father believed that business skills could be learned through real-life experiences and not through classroom studies, so he allocated a yarn manufacturing business to Mukesh.
During his education, he was influenced by his professors, Man Mohan Sharma and William F. Sharpe, who taught students to think outside of the box.
Mukesh Ambani started to help his father to run their company Reliance Industries Limited in 1981. By that time, the company was well-expanded and was dealing in petrochemicals and refining. The business further expanded its services and products in the telecommunications and retail industries.
According to Forbes magazine, he was the wealthiest person in India for ten consecutive years and was ranked 26th in the world in 2016. In 2018, he surpassed Jack Ma, founder of Alibaba, and became the richest person in Asia. In 2020, he was the 6th richest person in the world. As per Forbes, he is the only Indian businessman on the list of the world’s most influential people.
He is one of the top philanthropists in India. He was the first non-American director of Bank of America. He owns a cricket team in Indian Premier League and also started the Indian Super League of football. In 2012, Forbes listed him as one of the richest sports owners in the world. He resides at Antilia Building, one of the world’s most expensive residencies with a valuation of more than US$ 1 billion.
Mukesh Ambani Net Worth Growth
Mukesh Ambani net worth is US$ 90.7 Billion as of 2022.
|Net Worth in 2022||US$ 90.7 Billion|
|Net Worth in 2021||US$ 84.5 Billion|
|Net Worth in 2020||US$ 36.8 Billion|
|Net Worth in 2019||US$ 50.0 Billion|
|Net Worth in 2018||US$ 40.1 Billion|
|Net Worth in 2017||US$ 23.2 Billion|
|Net Worth in 2016||US$ 19.3 Billion|
|Net Worth in 2015||US$ 21.0 Billion|
|Net Worth in 2014||US$ 18.6 Billion|
|Net Worth in 2013||US$ 21.5 Billion|
Here are some of the best highlights of Mukesh Ambani’s career:
- Year 2010– Ernst & Young Entrepreneur of the Year (Ernst & Young India), Global Vision Award at The Awards Dinner (Asia Society), (Business Leader of the Year (NDTV India), Businessman of the Year (Financial Chronicle), School of Engineering and Applied Science Dean’s Medal (University of Pennsylvania), Ranked 5th-best performing global CEO (Harvard Business Review), Global Leadership Award (Business Council for International Understanding), Honorary Doctorate (M. S. University of Baroda)
- Year 2013– Millennium Business Leader of the Decade at Indian Affairs India Leadership Conclave Awards (India Leadership Conclave & Indian Affairs Business Leadership Awards)
- Year 2016– Foreign associate, U.S. National Academy of Engineering (National Academy of Engineering), Othmer Gold Medal (Chemical Heritage Foundation)
Favorite Quotes from Mukesh Ambani
“In the journey of an entrepreneur, the most important thing is self-belief and the ability to convert that belief into reality.”– Mukesh Ambani
“I generally think that I should only speak by action and not by words.”– Mukesh Ambani
“Profit or loss is not guaranteed. That depends on the consumer and depends on the product. That’s a risk that business people take.”– Mukesh Ambani
“I think our fundamental belief is that for us growth is a way of life and we have to grow at all times.”– Mukesh Ambani
“It is important to remember that there are no overnight successes. You will need to be dedicated, single-minded, and there is no substitute to hard work.”– Mukesh Ambani
“All times are good times for those who know how to work and have the tools to do so.”– Mukesh Ambani
“Everybody has equal opportunity, and I think that is true for everything.”– Mukesh Ambani
“I don’t think ambition should not be in the dictionary of entrepreneurs. But our ambition should be realistic. You have to realise that you can’t do everything.”– Mukesh Ambani
“You have to manage money. Particularly with market economies. You may have a great product, but if your bottom line goes bust then that’s it.”– Mukesh Ambani
“Digital life and digital services are a multi-wave business.”– Mukesh Ambani
“Essentially, whoever is successful, whoever is going to do things that make a difference, is going to be talked about.”– Mukesh Ambani
“Today I see a billion people as a billion potential consumers, an opportunity to generate value for them and to make a return for myself.”– Mukesh Ambani
“I have always believed that technology drives human civilization’s endeavor and progress.”– Mukesh Ambani
“My obsession is with technology and how it can improve human life. In my view, what we have seen in the last 300 years is only a trailer.”– Mukesh Ambani
Mobile internet will be the single-most defining technology of this century for human development.”– Mukesh Ambani
“I have turned into a big nature fan as well… I can afford it more today. These childhood influences have shaped me into what I am today.”– Mukesh Ambani
Keys Life Lessons from Mukesh Ambani
We now know everything about Mukesh Ambani and his net worth. Let’s look at some of his lessons.
The future belongs to those who believe in the beauty of their dreams.
2. Take Risks
Taking risks doesn’t mean shirking responsibility but embracing possibilities.
3. Dream Big
No one has ever achieved greatness without dreams.
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Frequently Asked Questions
Mukesh Ambani’s net worth was estimated at US$ 88.9 Billion in 2022.
Mukesh Ambani’s source of wealth is a 42% stake in Reliance Industries, which operates in oil and gas, petrochemicals, retail, and telecom.
Mukesh Ambani’s inspiration is N Chandrasekaran, chairperson of Tata Group.
Mukesh Ambani owns Jio Payments Bank, which was founded in 2018.
Mukesh Ambani owns three private jets.
Mukesh Ambani’s success was not easy to come by as he had to overcome numerous challenges throughout his journey as a businessman. He started his career at Reliance Industries when it was still relatively small and focused on textiles before evolving into a much larger company with holdings across retail, telecom, petrochemicals, etc. His vision, risk-taking ability, and shrewdness led the company to become one of India’s largest conglomerates.