| net worth: | $114.3 billion |
|---|---|
| age: | 66 |
| date of birth: | April 19, 1957 |
| gender: | male |
| high: | 1.69 m (5 ft 7 in) |
| country of origin: | India |
| Source of wealth: | entrepreneur |
| Last updated: | February 15, 2024 |
What is Mukesh Ambani’s net worth?
introduce
Mukesh Ambani’s net worth is approximately $114.3 billion.
Mukesh Ambani is an Indian businessman and chairman of Reliance Industries Limited.
He is the richest man in India and currently one of the 25 richest people in the world. He is also considered 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 April 19, 1957 in Aden, Yemen to Dhirubhai Ambani and Kokilaben Ambani. He has two older sisters and a younger brother.
His father worked for a company in Yemen but moved to Mumbai in 1958 to start his own company.
His father initially dealt in spices but soon turned to textiles, eventually becoming one of India’s best-known business magnates.
Mukesh and his brother graduated from Hill Grange High School in Mumbai, India, and he later attended the Institute of Chemical Technology to obtain a degree in chemical engineering.
He studied at Stanford University in the United States for a while, but soon dropped out to help his father establish Reliance Industries.
Profession
Mukesh Ambani attended St. Xavier’s College in Mumbai and later obtained a bachelor’s degree in chemical engineering from the Institute of Chemical Technology.
Later, he enrolled in Stanford University for his MBA but was taken away by his father Dhirubhai in 1981 to help him start Reliance Industries.
His father, believing that true skills are learned by doing, not sitting in a classroom, put him in charge of a yarn-making project.
Like many successful entrepreneurs who didn’t graduate from college, Mukesh Ambani may not have graduated from Stanford, but he has achieved incredible success on his own.
Building Reliance Industries
Reliance Industries was founded by Mukesh Ambani’s father in 1980, and Ambani joined Reliance Industries a year later to oversee the company’s vertical integration.
Through this process, textiles are made into polyester fibers, which are then further refined into petrochemicals and made into yarn.
After joining the company, Ambani reported directly to Rasikbhai Meswani, the then executive director of Reliance.
At this time, the company is still in its start-up stage, and the company adheres to the principle of “everyone contributes to make the company better.”
This principle became extremely important when Rashik Bai died in 1985 and Ambani’s father suffered a stroke in 1986.
The entire responsibility for the company fell on Ambani and his brothers, and Mukesh, like Jeff Bezos, was only too happy to take it on.
Controlling Dependencies
After acquiring control of the company, Mukesh formed Reliance Infocomm Limited, now known as Reliance Communications Limited.
The branch focuses on communications and information technology initiatives and has become a major mobile network provider in India.
Soon thereafter, he was put in charge of the Patalganga petrochemical complex, where Reliance invested in petrochemical and oil refining businesses.
Like Azim Premji, Ambani also sets ambitious goals and ensures that his lofty ideas are realized.
Tensions between Mukesh and his brothers escalated after their father’s death in 2002, when he did not leave a will to distribute Reliance’s assets.
However, their mother stepped in and split the company in two, with Ambani taking over Reliance Industries Ltd and Indian Petrochemicals Ltd.
At this point, Mukesh Ambani is on track to become one of the richest men in India and eventually the richest man in the world.
Taking big steps
When his control was approved by the Bombay High Court, Ambani began to create the world’s largest grassroots oil refinery in Jamnagar, India.
The refinery produces 660,000 barrels of crude oil per day and 33 million tons of crude oil per year, which is a considerable output.
During this period, he also announced a joint venture with Bharti Airtel to build 4G network infrastructure in India.
In 2014, he said he would invest $1.8 trillion in his business over three years and launch 4G service in 2015.
Ambani was elected as a member of the National Academy of Engineering of the United States in 2016 and launched the 4G smartphone brand LYF.
Due to his success, Bloomberg announced in 2018 that Ambani’s personal wealth was enough to fund the expenses of the Indian federal government for 20 days.
Mukesh, now one of the world’s richest men, has announced a plan to launch 5G services in India by 2022 and roll out high-speed internet in major cities.
Mukesh Ambani Net Worth
Mukesh Ambani’s net worth is estimated to be $114.3 billion.
Mukesh Ambani’s net worth 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 |
emphasize
Here are some highlights from Mukesh Ambani’s career:
- Ernst & Young Entrepreneur of the Year Award (2000)
- NDTV Business Leader of the Year (2010)
Mukesh Ambani’s favorite quotes
“Everyone has equal opportunity, 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
“In a sense, we all struggle constantly because we never get what we want. The most important thing I really learned is how to not give up, because you will never succeed on your first try.” – Mukesh Ambani
Mukesh Ambani’s 3 Rules for Success
Now that you know about Mukesh Ambani’s net worth and how he achieved his success; let’s look at some 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 have some victories, but what we learn from those experiences can teach us to move on and grow as people.
2. “Everyone has an equal opportunity.”
Everyone has equal opportunities in all aspects of life.
No matter who you are, no matter where you are from, you should have the same rights as everyone else.
3. Never give up.
Success is never easy and failing for the first time doesn’t mean you should give up on yourself.
Learn from your failures and let them empower you to grow for your next effort. We all have the ability to achieve our goals.
Frequently Asked Questions
How much is Mukesh Ambani worth?
Mukesh Ambani’s net worth is estimated to be $114.3 billion.
How old is Mukesh Ambani?
Mukesh Ambani was born on April 19, 1957 and is 67 years old.
How tall is Mukesh Ambani?
Mukesh Ambani’s height is 1.69 meters, which is equivalent to 5 feet 7 inches.
Summary
Mukesh Ambani is one of the richest men in the world and his company, Reliance Industries Ltd, is one of the richest companies in India.
He has established himself in the business world and has done a lot of work in the commercial field.
As of 2020, Mukesh Ambani’s net worth is approximately $114.3 billion.
What do you think about Mukesh Ambani’s net worth? Leave a comment below.
Categories: Net Worth
Source: svlsf.edu.vn