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{{Use dmy dates|date=August 2011}}
{{Use dmy dates|date=August 2011}}
{{Infobox person
{{Infobox person
|name = Nivas Kumar
|name = Mukesh Ambani<br>मुकेश अंबानी
|image = Nivas Kumar.jpg
|image = Mukesh Ambani.jpg
|caption = Chairman & MD of Reliance Industries
|caption = Chairman & MD of Reliance Industries
|birth_place = [[Aden]], [[Yemen]] <ref name=rediff1998>{{cite web|url=http://www.rediff.com/business/1998/jun/17nandy.htm |title=The Rediff Business Interview/ Nivas Kumar|publisher=Rediff |date=17 June 1998 |accessdate=15 July 2010}}</ref>
|birth_place = [[Aden]], [[Yemen]] <ref name=rediff1998>{{cite web|url=http://www.rediff.com/business/1998/jun/17nandy.htm |title=The Rediff Business Interview/ Mukesh Ambani|publisher=Rediff |date=17 June 1998 |accessdate=15 July 2010}}</ref>
|birth_date = {{birth date and age|1957|04|19|df=y}}
|birth_date = {{birth date and age|1957|04|19|df=y}}
|alma_mater = [[University of Bombay]]<br />[[Stanford University]] <small>(Dropped out in the year 1980)</small>
|alma_mater = [[University of Bombay]]<br />[[Stanford University]] <small>(Dropped out in the year 1980)</small>
Line 11: Line 11:
|nationality = Indian
|nationality = Indian
|occupation = Chairman & MD of [[Reliance Industries]]<br />Director of [[Bank of America]]
|occupation = Chairman & MD of [[Reliance Industries]]<br />Director of [[Bank of America]]
|networth = {{loss}} US$ 22.6 [[1,000,000,000 (number)|billion]] (2011)<ref>[http://www.forbes.com/profile/Nivas-Kumar/ Nivas Kumar topic page.] Forbes.com. Retrieved September 2010.</ref>
|networth = {{loss}} US$ 22.6 [[1,000,000,000 (number)|billion]] (2011)<ref>[http://www.forbes.com/profile/mukesh-ambani/ Mukesh Ambani topic page.] Forbes.com. Retrieved September 2010.</ref>
|spouse = [[Nita Kumar]]
|spouse = [[Nita Ambani]]
|religion = Hinduism
|religion = Hinduism
|relations = [[Anil Kumar]] (Brother)
|relations = [[Anil Ambani]] (Brother)
|parents = [[. Kumar]]<br />Kokilaben Kumar
|parents = [[Dhirubhai Ambani]]<br />Kokilaben Ambani
|children = Akash, Anant, Isha<ref>{{cite news|url=http://www.nytimes.com/slideshow/2008/06/15/business/0615-Kumar_7.html |title=NY Times pics on Nivas Kumar
|children = Akash, Anant, Isha<ref>{{cite news|url=http://www.nytimes.com/slideshow/2008/06/15/business/0615-AMBANI_7.html |title=NY Times pics on Mukesh Ambani
|location=India |work=The New York Times |date=15 June 2008 |accessdate=9 February 2010}}</ref>
|location=India |work=The New York Times |date=15 June 2008 |accessdate=9 February 2010}}</ref>
|website = {{URL|http://www.ril.com/html/aboutus/Nivas_Kumar.html|Nivas Kumar}}
|website = {{URL|http://www.ril.com/html/aboutus/mukesh_ambani.html|Mukesh Ambani}}
}}
}}
'''Nivas . Kumar''' ([[Gujarati language|Gujarati]]: મુકેશ ધીરુભાઈ અંબાણી) (born on 19 April 1957) is an Indian [[business magnate]]. He is the chairman and [[managing director]] of Indian [[Conglomerate (company)|conglomerate]] [[Reliance Industries]],<ref>{{cite web|url=http://www.ril.com/html/aboutus/Nivas_Kumar.html |title=Nivas Kumar :: RIL :: Reliance Group of Industries |publisher=RIL |accessdate=9 February 2010}}</ref> the largest [[private sector]] enterprise in India listed in [[Fortune Global 500]].<ref>{{cite news|url=http://money.cnn.com/magazines/fortune/global500/2006/countries/I.html |title=FORTUNE Global 500 2006: Countries |publisher=CNN |date=24 July 2006 |accessdate=9 February 2010}}</ref> RIL is India's most valuable company by [[market value]] and second-largest Indian company by turnover.<ref>{{cite web|title=Market Capitalization|url=http://money.rediff.com/companies/market-capitalisation|work=Indian stock markets:Companies by Market Capitalization|publisher=Rediff.com India Limited}}</ref> His personal stake in Reliance Industries is 48%.<ref>{{cite news |url=http://www.forbes.com/lists/2007/10/07billionaires_Nivas-Kumar_NY3A.html |title=The World's Billionaires |date=8 March 2007 |accessdate =9 March 2007|work=Forbes|quote=Year 2007.}}</ref> Nivas's younger brother is Anil Kumar, who heads [[Reliance Anil . Kumar Group|Reliance Group]]. The Kumar family is the richest family in India and one of the richest in the world, their wealth inherited from [[. Kumar]], founder of largest Indian conglomerate Reliance Group.<ref>{{cite news| url=http://www.cnngo.com/mumbai/shop/Kumar-sons-available-india-now-sold-out-383418| first=R Shah |last=Gayatri| title= Kumar & Sons': The story of India's richest family|work=CNNGO|date=22 October 2010}}</ref>
'''Mukesh Dhirubhai Ambani''' ([[Gujarati language|Gujarati]]: મુકેશ ધીરુભાઈ અંબાણી) (born on 19 April 1957) is an Indian [[business magnate]]. He is the chairman and [[managing director]] of Indian [[Conglomerate (company)|conglomerate]] [[Reliance Industries]],<ref>{{cite web|url=http://www.ril.com/html/aboutus/mukesh_ambani.html |title=Mukesh Ambani :: RIL :: Reliance Group of Industries |publisher=RIL |accessdate=9 February 2010}}</ref> the largest [[private sector]] enterprise in India listed in [[Fortune Global 500]].<ref>{{cite news|url=http://money.cnn.com/magazines/fortune/global500/2006/countries/I.html |title=FORTUNE Global 500 2006: Countries |publisher=CNN |date=24 July 2006 |accessdate=9 February 2010}}</ref> RIL is India's most valuable company by [[market value]] and second-largest Indian company by turnover.<ref>{{cite web|title=Market Capitalization|url=http://money.rediff.com/companies/market-capitalisation|work=Indian stock markets:Companies by Market Capitalization|publisher=Rediff.com India Limited}}</ref> His personal stake in Reliance Industries is 48%.<ref>{{cite news |url=http://www.forbes.com/lists/2007/10/07billionaires_Mukesh-Ambani_NY3A.html |title=The World's Billionaires |date=8 March 2007 |accessdate =9 March 2007|work=Forbes|quote=Year 2007.}}</ref> Mukesh's younger brother is Anil Ambani, who heads [[Reliance Anil Dhirubhai Ambani Group|Reliance Group]]. The Ambani family is the richest family in India and one of the richest in the world, their wealth inherited from [[Dhirubhai Ambani]], founder of largest Indian conglomerate Reliance Group.<ref>{{cite news| url=http://www.cnngo.com/mumbai/shop/ambani-sons-available-india-now-sold-out-383418| first=R Shah |last=Gayatri| title= Ambani & Sons': The story of India's richest family|work=CNNGO|date=22 October 2010}}</ref>


In 2010, he was named among the most powerful people in the world by [[Forbes]] in its list of "68 people who matter most"<ref>{{cite news| url=http://www.thehindu.com/news/national/article868374.ece | location=Chennai, India | work=The Hindu | title=Sonia Gandhi, Tata in Forbes' most powerful people list | date=4 November 2010}}</ref> As of 2011, he is the second richest man in Asia<ref name="forbes1">{{cite news|url=http://billionaires.forbes.com/topic/Nivas_Kumar |title=Forbes topic page on Nivas Kumar |work=Forbes |accessdate=5 April 2010}}</ref> and the [[Forbes list of billionaires|ninth richest man in the world]] with a personal wealth of US$22.6&nbsp;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.<ref>{{cite news|url=http://economictimes.indiatimes.com/Corporate_Trends/Nivas_Kumar_worlds_richest_now/articleshow/2500036.cms |title=Nivas Kumar Becomes World’s Richest Man|publisher=Economic Times|accessdate=5 April 2010|date=30 October 2007}}</ref><ref>{{cite web|url=http://www.bloggingstocks.com/2007/10/29/Nivas-Kumar-billion-dollar-decisions-from-a-billion-dollar-ho/ |title=World's richest is Nivas Kumar: Billion-dollar decisions from a billion-dollar home|accessdate=5 April 2010}}</ref><ref>{{cite web|url=http://www.stockmarketsview.com/Nivas-Kumar-becomes-worlds-richest-man/22/ |title=Nivas Kumar Becomes World’s Richest Man|accessdate=5 April 2010}}</ref>
In 2010, he was named among the most powerful people in the world by [[Forbes]] in its list of "68 people who matter most"<ref>{{cite news| url=http://www.thehindu.com/news/national/article868374.ece | location=Chennai, India | work=The Hindu | title=Sonia Gandhi, Tata in Forbes' most powerful people list | date=4 November 2010}}</ref> As of 2011, he is the second richest man in Asia<ref name="forbes1">{{cite news|url=http://billionaires.forbes.com/topic/Mukesh_Ambani |title=Forbes topic page on Mukesh Ambani |work=Forbes |accessdate=5 April 2010}}</ref> and the [[Forbes list of billionaires|ninth richest man in the world]] with a personal wealth of US$22.6&nbsp;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.<ref>{{cite news|url=http://economictimes.indiatimes.com/Corporate_Trends/Mukesh_Ambani_worlds_richest_now/articleshow/2500036.cms |title=Mukesh Ambani Becomes World’s Richest Man|publisher=Economic Times|accessdate=5 April 2010|date=30 October 2007}}</ref><ref>{{cite web|url=http://www.bloggingstocks.com/2007/10/29/mukesh-ambani-billion-dollar-decisions-from-a-billion-dollar-ho/ |title=World's richest is Mukesh Ambani: Billion-dollar decisions from a billion-dollar home|accessdate=5 April 2010}}</ref><ref>{{cite web|url=http://www.stockmarketsview.com/mukesh-ambani-becomes-worlds-richest-man/22/ |title=Mukesh Ambani Becomes World’s Richest Man|accessdate=5 April 2010}}</ref>


He is a member of the board of directors of [[Bank of America Corporation]] and a present member of the international advisory board of the [[Council on Foreign Relations]].<ref>http://www.cfr.org/content/about/annual_report/ar_2008/Intl_Advisory_Board2008.pdf</ref><ref>{{cite web|url=http://www.cfr.org/about/people/international_advisory_board.html |title=Leadership and Staff – Council on Foreign Relations |publisher=Cfr.org |date=5 December 2009 |accessdate=31 August 2010}}</ref><ref>[http://www.cfr.org/bios/10798/Nivas_d_Kumar.html ]{{dead link|date=August 2010}}</ref>
He is a member of the board of directors of [[Bank of America Corporation]] and a present member of the international advisory board of the [[Council on Foreign Relations]].<ref>http://www.cfr.org/content/about/annual_report/ar_2008/Intl_Advisory_Board2008.pdf</ref><ref>{{cite web|url=http://www.cfr.org/about/people/international_advisory_board.html |title=Leadership and Staff – Council on Foreign Relations |publisher=Cfr.org |date=5 December 2009 |accessdate=31 August 2010}}</ref><ref>[http://www.cfr.org/bios/10798/mukesh_d_ambani.html ]{{dead link|date=August 2010}}</ref>


==Early life and education==
==Early life and education==
Nivas Kumar is the eldest son of [[. Kumar]], the late founder of Reliance Industries.<ref>{{cite web|url=http://living.oneindia.in/celebrity/other-celebrities/Nivas-Kumar-reliance-industries.html |title=Nivas Kumar &#124; Reliance Industries &#124; . Kumar &#124; Worlds Richest Men – Oneindia Living |publisher=Living.oneindia.in |accessdate=28 October 2010}}</ref> He has a brother, [[Anil Kumar|Anil]], and two sisters - Dipti Salgaoncar & Neena Kothari.<ref>{{cite news|title=Kumar sisters in Mumbai for family meeting|url=http://articles.timesofindia.indiatimes.com/2004-11-22/india-business/27154492_1_ownership-issues-Nivas-Kumar-Kumar-brothers|work=The Times of India - India Business|publisher=Bennett, Coleman & Co. Ltd|accessdate=17 October 2011|date=22 November 2004}}</ref>
Mukesh Ambani is the eldest son of [[Dhirubhai Ambani]], the late founder of Reliance Industries.<ref>{{cite web|url=http://living.oneindia.in/celebrity/other-celebrities/mukesh-ambani-reliance-industries.html |title=Mukesh Ambani &#124; Reliance Industries &#124; Dhirubhai Ambani &#124; Worlds Richest Men – Oneindia Living |publisher=Living.oneindia.in |accessdate=28 October 2010}}</ref> He has a brother, [[Anil Ambani|Anil]], and two sisters - Dipti Salgaoncar & Neena Kothari.<ref>{{cite news|title=Ambani sisters in Mumbai for family meeting|url=http://articles.timesofindia.indiatimes.com/2004-11-22/india-business/27154492_1_ownership-issues-mukesh-ambani-ambani-brothers|work=The Times of India - India Business|publisher=Bennett, Coleman & Co. Ltd|accessdate=17 October 2011|date=22 November 2004}}</ref>


The Kumar family lived in a two bedroom apartment in [[Bhuleshwar]], [[Mumbai]] until the 1970s.<ref>{{cite web|url=http://www.rediff.com/money/2002/may/11Kumar.htm |title=Reliance didn't grow on permit raj: Anil Kumar |publisher=rediff.com |date=11 May 2002 |accessdate=28 October 2010}}</ref> . Kumar then purchased a 14-floor apartment block called 'Sea Wind' in [[Colaba]], where, until recently, Nivas and Anil each lived with their families on different floors.<ref>{{cite news| url=http://www.nytimes.com/2010/10/29/world/asia/29mumbai.html?ref=global&pagewanted=all | work=The New York Times | first=Jim | last=Yardley | title=Soaring Above India's Poverty, a 27-Story Home | date=28 October 2010}}</ref>
The Ambani family lived in a two bedroom apartment in [[Bhuleshwar]], [[Mumbai]] until the 1970s.<ref>{{cite web|url=http://www.rediff.com/money/2002/may/11ambani.htm |title=Reliance didn't grow on permit raj: Anil Ambani |publisher=rediff.com |date=11 May 2002 |accessdate=28 October 2010}}</ref> Dhirubhai Ambani then purchased a 14-floor apartment block called 'Sea Wind' in [[Colaba]], where, until recently, Mukesh and Anil each lived with their families on different floors.<ref>{{cite news| url=http://www.nytimes.com/2010/10/29/world/asia/29mumbai.html?ref=global&pagewanted=all | work=The New York Times | first=Jim | last=Yardley | title=Soaring Above India's Poverty, a 27-Story Home | date=28 October 2010}}</ref>


Nivas Kumar was educated at Abaay Morischa School in Mumbai and completed his graduation with a bachelor`s degree in chemical engineering from the UDCT, now [[Institute of Chemical Technology]], Mumbai. He stood sixth in the University exams.<ref>{{cite web|title=Nivas Kumar on his childhood, youth|url=http://www.rediff.com/money/2007/jan/17inter.htm|work=Nivas Kumar on his childhood, youth - Rediff.com Business|publisher=Rediff.com|accessdate=5 October 2011}}</ref> Nivas later enrolled for an MBA from [[Stanford University]] but completed only one year of the two year program and dropped out in the year 1980.<ref>{{cite web|title='Always invest in businesses of the future and in talent'|url=http://www.rediff.com/money/2007/jan/17inter.htm|work=Rediff Business - Interview with Nivas Kumar, 2007|publisher=Rediff.com|accessdate=17 October 2011}}</ref> Indira Gandhi administration threw open the doors of PFY (Polyester Filament Yarn) manufacturing to the private sector in early 1980. . Kumar had applied for a licence to set up PFY manufacturing plant. In spite of stiff competition from Tatas, Birlas and 43 others, . was awarded the licence.<ref>{{cite web|title=Reliance Industries - Company Profile|url=http://www.referenceforbusiness.com/history2/78/Reliance-Industries-Ltd.html|work=Reliance Industries Ltd. - Company Profile, Information, Business Description, History, Background Information on Reliance Industries Ltd. Read more: Reliance Industries Ltd. - Company Profile, Information, Business Description, History, Background Information on Reliance Industries Ltd.- Reference for Business|publisher=Advameg Inc.|accessdate=17 October 2011}}</ref> To help him build the PFY plant, . pulled his eldest son Nivas out of Stanford where he was studying for his MBA. Nivas Kumar, then dropped out to help his father and initiated Reliance`s backward integration from textiles into polyester fibres and further into petrochemicals, beginning in 1981.<ref>{{cite web|title=Nivas Kumar to pen RIL’s polyester-to-petrochem story|url=http://ways2trade.blogspot.com/2010/09/Nivas-Kumar-to-pen-rils-polyester-to.html|work=Ways2Trade Blog|publisher=Blogspot.com|accessdate=17 October 2011}}</ref>
Mukesh Ambani was educated at Abaay Morischa School in Mumbai and completed his graduation with a bachelor`s degree in chemical engineering from the UDCT, now [[Institute of Chemical Technology]], Mumbai. He stood sixth in the University exams.<ref>{{cite web|title=Mukesh Ambani on his childhood, youth|url=http://www.rediff.com/money/2007/jan/17inter.htm|work=Mukesh Ambani on his childhood, youth - Rediff.com Business|publisher=Rediff.com|accessdate=5 October 2011}}</ref> Mukesh later enrolled for an MBA from [[Stanford University]] but completed only one year of the two year program and dropped out in the year 1980.<ref>{{cite web|title='Always invest in businesses of the future and in talent'|url=http://www.rediff.com/money/2007/jan/17inter.htm|work=Rediff Business - Interview with Mukesh Ambani, 2007|publisher=Rediff.com|accessdate=17 October 2011}}</ref> Indira Gandhi administration threw open the doors of PFY (Polyester Filament Yarn) manufacturing to the private sector in early 1980. Dhirubhai Ambani had applied for a licence to set up PFY manufacturing plant. In spite of stiff competition from Tatas, Birlas and 43 others, Dhirubhai was awarded the licence.<ref>{{cite web|title=Reliance Industries - Company Profile|url=http://www.referenceforbusiness.com/history2/78/Reliance-Industries-Ltd.html|work=Reliance Industries Ltd. - Company Profile, Information, Business Description, History, Background Information on Reliance Industries Ltd. Read more: Reliance Industries Ltd. - Company Profile, Information, Business Description, History, Background Information on Reliance Industries Ltd.- Reference for Business|publisher=Advameg Inc.|accessdate=17 October 2011}}</ref> To help him build the PFY plant, Dhirubhai pulled his eldest son Mukesh out of Stanford where he was studying for his MBA. Mukesh Ambani, then dropped out to help his father and initiated Reliance`s backward integration from textiles into polyester fibres and further into petrochemicals, beginning in 1981.<ref>{{cite web|title=Mukesh Ambani to pen RIL’s polyester-to-petrochem story|url=http://ways2trade.blogspot.com/2010/09/mukesh-ambani-to-pen-rils-polyester-to.html|work=Ways2Trade Blog|publisher=Blogspot.com|accessdate=17 October 2011}}</ref>


== Career ==
== Career ==
He joined Reliance Industries in 1981.<ref>{{cite web|url=http://www.ril.com/html/aboutus/Nivas_Kumar.html |title=Nivas Kumar :: RIL :: Reliance Group of Industries |publisher=RIL |accessdate=29 March 2010}}</ref> 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.<ref>{{cite web|title=Remarks by Nivas D. Kumar Chairman and Managing Director, Reliance Industries Ltd., India|url=http://www.gsb.stanford.edu/news/headlines/2004globalconf_Kumar_speech.shtml|work=Global Business and Global Poverty Conference Stanford Graduate School of Business|publisher=Stanford Graduate School of Business|accessdate=17 October 2011}}</ref>
He joined Reliance Industries in 1981.<ref>{{cite web|url=http://www.ril.com/html/aboutus/mukesh_ambani.html |title=Mukesh Ambani :: RIL :: Reliance Group of Industries |publisher=RIL |accessdate=29 March 2010}}</ref> 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.<ref>{{cite web|title=Remarks by Mukesh D. Ambani Chairman and Managing Director, Reliance Industries Ltd., India|url=http://www.gsb.stanford.edu/news/headlines/2004globalconf_ambani_speech.shtml|work=Global Business and Global Poverty Conference Stanford Graduate School of Business|publisher=Stanford Graduate School of Business|accessdate=17 October 2011}}</ref>


Kumar 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).<ref>{{cite web|title=Reliance Infocomm Ushers a Digital Revolution In India|url=http://www.rcom.co.in/rcom/StoreLocator/press_release_detail.jsp?id=72|work=Press Release by Reliance Infocomm|publisher=Reliance Communications|accessdate=17 October 2011}}</ref>
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).<ref>{{cite web|title=Reliance Infocomm Ushers a Digital Revolution In India|url=http://www.rcom.co.in/rcom/StoreLocator/press_release_detail.jsp?id=72|work=Press Release by Reliance Infocomm|publisher=Reliance Communications|accessdate=17 October 2011}}</ref>


Kumar 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&nbsp;million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure.<ref>{{cite web|url=http://www.reliancepetroleum.com/html/mda.html |title=Nivas Kumar :: Reliance Group :: Reliance Petroleum Limited :: Reliance Industries |publisher=RIL |accessdate=18 February 2010}}</ref>
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&nbsp;million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure.<ref>{{cite web|url=http://www.reliancepetroleum.com/html/mda.html |title=Mukesh Ambani :: Reliance Group :: Reliance Petroleum Limited :: Reliance Industries |publisher=RIL |accessdate=18 February 2010}}</ref>


==Board Memberships==
==Board Memberships==
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* '''Chairman and Chairman of Audit Committee''', [[Reliance Retail Limited]].
* '''Chairman and Chairman of Audit Committee''', [[Reliance Retail Limited]].
* '''Chairman''', Reliance Exploration and Production DMCC
* '''Chairman''', Reliance Exploration and Production DMCC
* '''Director, Member of Credit Committee and Member of Compensation & Benefits Committee''', [[Bank of America Corporation]]<ref>{{cite web|title=Nivas Kumar - Executive Profile & Biography|url=http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=7388031&ticker=RELI:IJ|work=Nivas Kumar - Executive Profile & Biography - Bloomberg Businessweek|publisher=Bloomberg}}</ref>
* '''Director, Member of Credit Committee and Member of Compensation & Benefits Committee''', [[Bank of America Corporation]]<ref>{{cite web|title=Mukesh Ambani - Executive Profile & Biography|url=http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=7388031&ticker=RELI:IJ|work=Mukesh Ambani - Executive Profile & Biography - Bloomberg Businessweek|publisher=Bloomberg}}</ref>


==Awards and honours==
==Awards and honours==
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|-
|-
| 2010
| 2010
| Global Vision Award at The Awards Dinner<ref>{{cite web|last=Mulgund|first=Shreyas|title=Asia Society Awards Dinner Honors Nivas Kumar, Jeffrey Immelt, and NY Philharmonic|url=http://asiasociety.org/media/press-releases/asia-society-awards-dinner-honors-Nivas-Kumar-jeffrey-immelt-and-ny-philharmo|work=Press Release on Asia Society|publisher=Asia Society|accessdate=21 September 2011}}</ref>
| Global Vision Award at The Awards Dinner<ref>{{cite web|last=Mulgund|first=Shreyas|title=Asia Society Awards Dinner Honors Mukesh Ambani, Jeffrey Immelt, and NY Philharmonic|url=http://asiasociety.org/media/press-releases/asia-society-awards-dinner-honors-mukesh-ambani-jeffrey-immelt-and-ny-philharmo|work=Press Release on Asia Society|publisher=Asia Society|accessdate=21 September 2011}}</ref>
| Asia Society
| Asia Society
|- style="background:#efefef;"
|- style="background:#efefef;"
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|- style="background:#efefef;"
|- style="background:#efefef;"
| 2010
| 2010
| Businessman of the Year<ref>{{cite news|last=Mulgund|first=Shreyas|title=FC Businessman of the Year: Nivas Kumar|url=http://www.mydigitalfc.com/companies/fc-businessman-year-Nivas-Kumar-459|accessdate=21-September' 2011|newspaper=Financial Chronicle|date=30 December'2010}}</ref>
| Businessman of the Year<ref>{{cite news|last=Mulgund|first=Shreyas|title=FC Businessman of the Year: Mukesh Ambani|url=http://www.mydigitalfc.com/companies/fc-businessman-year-mukesh-ambani-459|accessdate=21-September' 2011|newspaper=Financial Chronicle|date=30 December'2010}}</ref>
| Financial Chronicle
| Financial Chronicle
|- style="background:#efefef;"
|- style="background:#efefef;"
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|- style="background:#efefef;"
|- style="background:#efefef;"
|}
|}
* Ranked 5th best performing CEO in the world by Harvard Business Review in its ranking of top 50 global CEOs.<ref>{{cite web|last=Mulgund|first=Shreyas|title=The 100 Best-Performing CEOs in the World|url=http://hbr.org/web/extras/100ceos/5-Kumar|work=Harvard Business Review|publisher=Harvard Business Publishing|accessdate=21 September 2011}}</ref>
* Ranked 5th best performing CEO in the world by Harvard Business Review in its ranking of top 50 global CEOs.<ref>{{cite web|last=Mulgund|first=Shreyas|title=The 100 Best-Performing CEOs in the World|url=http://hbr.org/web/extras/100ceos/5-ambani|work=Harvard Business Review|publisher=Harvard Business Publishing|accessdate=21 September 2011}}</ref>
* Only Indian to be a part of the United Nations MDG Advocacy Group<ref>{{cite web|last=Mulgund|first=Shreyas|title=The MDG Advocacy Group|url=http://www.un.org/millenniumgoals/pdf/The%20MDG%20Advocacy%20Group%20-%20List%20of%20Members.pdf|work=Millennium Development Goals|publisher=UN Department of Public Information|accessdate=21 September 2011}}</ref>
* Only Indian to be a part of the United Nations MDG Advocacy Group<ref>{{cite web|last=Mulgund|first=Shreyas|title=The MDG Advocacy Group|url=http://www.un.org/millenniumgoals/pdf/The%20MDG%20Advocacy%20Group%20-%20List%20of%20Members.pdf|work=Millennium Development Goals|publisher=UN Department of Public Information|accessdate=21 September 2011}}</ref>
* Re-elected as Vice Chairman of the Business Council for Sustainable Development's (WBCSD) Executive Committee for a second consecutive term in 2010.<ref>{{cite web|last=Mulgund|first=Shreyas|title=Membership & governance-WBSCD|url=http://www.wbcsd.org/templates/TemplateWBCSD4/layout.asp?type=p&MenuId=MzM5|work=Membership & governance-WBSCD|publisher=World Business Council for Sustainable Development (WBCSD)|accessdate=21 September 2011}}</ref>
* Re-elected as Vice Chairman of the Business Council for Sustainable Development's (WBCSD) Executive Committee for a second consecutive term in 2010.<ref>{{cite web|last=Mulgund|first=Shreyas|title=Membership & governance-WBSCD|url=http://www.wbcsd.org/templates/TemplateWBCSD4/layout.asp?type=p&MenuId=MzM5|work=Membership & governance-WBSCD|publisher=World Business Council for Sustainable Development (WBCSD)|accessdate=21 September 2011}}</ref>


== Personal life ==
== Personal life ==
He is married to [[Nita Kumar]] and has three children.<ref>{{cite web|url=http://www.da-is.org/html/nita_Kumar.html |title=Nita Sikbani|publisher=Da-is.org |accessdate=9 February 2010}}</ref> They live in a private 27-story building in Mumbai named [[Antilia (building)|Antilia]].<ref name="theage1">{{cite news|url=http://www.theage.com.au/executive-style/luxury/indias-richest-man-builds-worlds-first-billiondollar-home-20101015-16mrg.html |title=India's richest man builds first $1-billion home, Antilia,|work=The Age |location=Australia |date= 15 October 2010|accessdate=28 October 2010 |location=Melbourne |first=Glenda |last=Kwek}}</ref> The value of the home is US$2&nbsp;billion and it is claimed to be the most expensive home in history.<ref>{{cite news |title=Mumbai billionaire's home boasts 27 floors, ocean and slum views |author=Mark Magnier |newspaper=[[The Los Angeles Times]] |date=24 October 2010 |url=http://articles.latimes.com/2010/oct/24/world/la-fg-india-rich-20101025}}</ref>
He is married to [[Nita Ambani]] and has three children.<ref>{{cite web|url=http://www.da-is.org/html/nita_ambani.html |title=Nita Sikbani|publisher=Da-is.org |accessdate=9 February 2010}}</ref> They live in a private 27-story building in Mumbai named [[Antilia (building)|Antilia]].<ref name="theage1">{{cite news|url=http://www.theage.com.au/executive-style/luxury/indias-richest-man-builds-worlds-first-billiondollar-home-20101015-16mrg.html |title=India's richest man builds first $1-billion home, Antilia,|work=The Age |location=Australia |date= 15 October 2010|accessdate=28 October 2010 |location=Melbourne |first=Glenda |last=Kwek}}</ref> The value of the home is US$2&nbsp;billion and it is claimed to be the most expensive home in history.<ref>{{cite news |title=Mumbai billionaire's home boasts 27 floors, ocean and slum views |author=Mark Magnier |newspaper=[[The Los Angeles Times]] |date=24 October 2010 |url=http://articles.latimes.com/2010/oct/24/world/la-fg-india-rich-20101025}}</ref>


==References==
{{
{{Reflist|30em}}

==External links==
{{Commons category}}
* [http://www.ril.com/html/aboutus/mukesh_ambani.html Profile] at [[Reliance Industries]]
* [http://www.forbes.com/profile/mukesh-ambani Profile] at [[Forbes]]
* {{NYTtopic|people/a/mukesh_d_ambani}}
* {{WSJtopic|person/A/mukesh-d-ambani/454}}
* [http://timesofindia.indiatimes.com/topic/Mukesh-Ambani Mukesh Ambani] collected news and commentary at ''[[The Times of India]]''
* {{worldcat id|lccn-n2005-207680}}
* {{Nndb|018/000172499/}}

{{Reliance Group}}

{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->
| NAME = Ambani, Mukesh
| ALTERNATIVE NAMES =
| SHORT DESCRIPTION =
| DATE OF BIRTH = 1957-04-19
| PLACE OF BIRTH = [[Aden]]
| DATE OF DEATH =
| PLACE OF DEATH =
}}
{{DEFAULTSORT:Ambani, Mukesh}}
[[Category:1957 births]]
[[Category:Living people]]
[[Category:Ambani family]]
[[Category:Indian billionaires]]
[[Category:Indian businesspeople]]
[[Category:Indian Hindus]]
[[Category:Indian Premier League franchise owners]]
[[Category:Old Foresters]]
[[Category:People from Gujarat]]
[[Category:Stanford University alumni]]
[[Category:University of Mumbai alumni]]
[[Category:Reliance people]]

[[de:Mukesh Ambani]]
[[es:Mukesh Ambani]]
[[eo:Mukeŝ Ambani]]
[[fr:Mukesh Ambani]]
[[ko:무케시 암바니]]
[[hi:मुकेश अंबानी]]
[[id:Mukesh Ambani]]
[[it:Mukesh Ambani]]
[[he:מוקש אמבאני]]
[[ml:മുകേഷ് അംബാനി]]
[[my:မာခက်ရှ် အမ်ဘန်နီ]]
[[ja:ムケシュ・アンバニ]]
[[pl:Mukesh Ambani]]
[[pt:Mukesh Ambani]]
[[ro:Mukesh Ambani]]
[[ru:Амбани, Мукеш]]
[[sv:Mukesh Ambani]]
[[ta:முகேசு அம்பானி]]
[[te:ముకేష్ అంబానీ]]
[[uk:Мукеш Амбані]]
[[vi:Mukesh Ambani]]
[[zh:穆克什·安巴尼]]

Revision as of 20:06, 13 February 2012

Mukesh Ambani
मुकेश अंबानी
Chairman & MD of Reliance Industries
Born (1957-04-19) 19 April 1957 (age 67)
Aden, Yemen [1]
NationalityIndian
Alma materUniversity of Bombay
Stanford University (Dropped out in the year 1980)
Occupation(s)Chairman & MD of Reliance Industries
Director of Bank of America
SpouseNita Ambani
ChildrenAkash, Anant, Isha[2]
Parent(s)Dhirubhai Ambani
Kokilaben Ambani
RelativesAnil Ambani (Brother)
WebsiteMukesh Ambani

Mukesh Dhirubhai Ambani (Gujarati: મુકેશ ધીરુભાઈ અંબાણી) (born on 19 April 1957) is an Indian business magnate. He is the chairman and managing director of Indian conglomerate Reliance Industries,[4] the largest private sector enterprise in India listed in Fortune Global 500.[5] RIL is India's most valuable company by market value and second-largest Indian company by turnover.[6] His personal stake in Reliance Industries is 48%.[7] Mukesh's younger brother is Anil Ambani, who heads Reliance Group. The Ambani family is the richest family in India and one of the richest in the world, their wealth inherited from Dhirubhai Ambani, founder of largest Indian conglomerate Reliance Group.[8]

In 2010, he was named among the most powerful people in the world by Forbes in its list of "68 people who matter most"[9] As of 2011, he is the second richest man in Asia[10] and the ninth richest man in the world with a personal wealth of US$22.6 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.[11][12][13]

He is a member of the board of directors of Bank of America Corporation and a present member of the international advisory board of the Council on Foreign Relations.[14][15][16]

Early life and education

Mukesh Ambani is the eldest son of Dhirubhai Ambani, the late founder of Reliance Industries.[17] He has a brother, Anil, and two sisters - Dipti Salgaoncar & Neena Kothari.[18]

The Ambani family lived in a two bedroom apartment in Bhuleshwar, Mumbai until the 1970s.[19] Dhirubhai Ambani then purchased a 14-floor apartment block called 'Sea Wind' in Colaba, where, until recently, Mukesh and Anil each lived with their families on different floors.[20]

Mukesh Ambani was educated at Abaay Morischa School in Mumbai and completed his graduation with a bachelor`s degree in chemical engineering from the UDCT, now Institute of Chemical Technology, Mumbai. He stood sixth in the University exams.[21] Mukesh later enrolled for an MBA from Stanford University but completed only one year of the two year program and dropped out in the year 1980.[22] Indira Gandhi administration threw open the doors of PFY (Polyester Filament Yarn) manufacturing to the private sector in early 1980. Dhirubhai Ambani had applied for a licence to set up PFY manufacturing plant. In spite of stiff competition from Tatas, Birlas and 43 others, Dhirubhai was awarded the licence.[23] To help him build the PFY plant, Dhirubhai pulled his eldest son Mukesh out of Stanford where he was studying for his MBA. Mukesh Ambani, then dropped out to help his father and initiated Reliance`s backward integration from textiles into polyester fibres and further into petrochemicals, beginning in 1981.[24]

Career

He joined Reliance Industries in 1981.[25] 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.[26]

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).[27]

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.[28]

Board Memberships

Awards and honours

Year of Award or Honor Name of Award or Honor Awarding Organization
2010 Global Vision Award at The Awards Dinner[30] Asia Society
2010 Business Leader of the Year[31] NDTV India
2010 Businessman of the Year[32] Financial Chronicle
2010 Juran Quality Medal for 2009[33] Indian Merchant's Chamber (IMC)
2010 School of Engineering and Applied Science Dean's Medal University of Pennsylvania.
2007 United States-India Business Council Leadership Award United States-India Business Council.
2007 Chitralekha Person of the Year Award Government of Gujarat.
2004 World Communication Award Total Telecom.
  • Ranked 5th best performing CEO in the world by Harvard Business Review in its ranking of top 50 global CEOs.[34]
  • Only Indian to be a part of the United Nations MDG Advocacy Group[35]
  • Re-elected as Vice Chairman of the Business Council for Sustainable Development's (WBCSD) Executive Committee for a second consecutive term in 2010.[36]

Personal life

He is married to Nita Ambani and has three children.[37] They live in a private 27-story building in Mumbai named Antilia.[38] The value of the home is US$2 billion and it is claimed to be the most expensive home in history.[39]

References

  1. ^ "The Rediff Business Interview/ Mukesh Ambani". Rediff. 17 June 1998. Retrieved 15 July 2010.
  2. ^ "NY Times pics on Mukesh Ambani". The New York Times. India. 15 June 2008. Retrieved 9 February 2010.
  3. ^ Mukesh Ambani topic page. Forbes.com. Retrieved September 2010.
  4. ^ "Mukesh Ambani :: RIL :: Reliance Group of Industries". RIL. Retrieved 9 February 2010.
  5. ^ "FORTUNE Global 500 2006: Countries". CNN. 24 July 2006. Retrieved 9 February 2010.
  6. ^ "Market Capitalization". Indian stock markets:Companies by Market Capitalization. Rediff.com India Limited.
  7. ^ "The World's Billionaires". Forbes. 8 March 2007. Retrieved 9 March 2007. Year 2007.
  8. ^ Gayatri, R Shah (22 October 2010). "Ambani & Sons': The story of India's richest family". CNNGO.
  9. ^ "Sonia Gandhi, Tata in Forbes' most powerful people list". The Hindu. Chennai, India. 4 November 2010.
  10. ^ "Forbes topic page on Mukesh Ambani". Forbes. Retrieved 5 April 2010.
  11. ^ "Mukesh Ambani Becomes World's Richest Man". Economic Times. 30 October 2007. Retrieved 5 April 2010.
  12. ^ "World's richest is Mukesh Ambani: Billion-dollar decisions from a billion-dollar home". Retrieved 5 April 2010.
  13. ^ "Mukesh Ambani Becomes World's Richest Man". Retrieved 5 April 2010.
  14. ^ http://www.cfr.org/content/about/annual_report/ar_2008/Intl_Advisory_Board2008.pdf
  15. ^ "Leadership and Staff – Council on Foreign Relations". Cfr.org. 5 December 2009. Retrieved 31 August 2010.
  16. ^ [1][dead link‍]
  17. ^ "Mukesh Ambani | Reliance Industries | Dhirubhai Ambani | Worlds Richest Men – Oneindia Living". Living.oneindia.in. Retrieved 28 October 2010.
  18. ^ "Ambani sisters in Mumbai for family meeting". The Times of India - India Business. Bennett, Coleman & Co. Ltd. 22 November 2004. Retrieved 17 October 2011.
  19. ^ "Reliance didn't grow on permit raj: Anil Ambani". rediff.com. 11 May 2002. Retrieved 28 October 2010.
  20. ^ Yardley, Jim (28 October 2010). "Soaring Above India's Poverty, a 27-Story Home". The New York Times.
  21. ^ "Mukesh Ambani on his childhood, youth". Mukesh Ambani on his childhood, youth - Rediff.com Business. Rediff.com. Retrieved 5 October 2011.
  22. ^ "'Always invest in businesses of the future and in talent'". Rediff Business - Interview with Mukesh Ambani, 2007. Rediff.com. Retrieved 17 October 2011.
  23. ^ "Reliance Industries - Company Profile". Reliance Industries Ltd. - Company Profile, Information, Business Description, History, Background Information on Reliance Industries Ltd. Read more: Reliance Industries Ltd. - Company Profile, Information, Business Description, History, Background Information on Reliance Industries Ltd.- Reference for Business. Advameg Inc. Retrieved 17 October 2011.
  24. ^ "Mukesh Ambani to pen RIL's polyester-to-petrochem story". Ways2Trade Blog. Blogspot.com. Retrieved 17 October 2011.
  25. ^ "Mukesh Ambani :: RIL :: Reliance Group of Industries". RIL. Retrieved 29 March 2010.
  26. ^ "Remarks by Mukesh D. Ambani Chairman and Managing Director, Reliance Industries Ltd., India". Global Business and Global Poverty Conference Stanford Graduate School of Business. Stanford Graduate School of Business. Retrieved 17 October 2011.
  27. ^ "Reliance Infocomm Ushers a Digital Revolution In India". Press Release by Reliance Infocomm. Reliance Communications. Retrieved 17 October 2011.
  28. ^ "Mukesh Ambani :: Reliance Group :: Reliance Petroleum Limited :: Reliance Industries". RIL. Retrieved 18 February 2010.
  29. ^ "Mukesh Ambani - Executive Profile & Biography". Mukesh Ambani - Executive Profile & Biography - Bloomberg Businessweek. Bloomberg.
  30. ^ Mulgund, Shreyas. "Asia Society Awards Dinner Honors Mukesh Ambani, Jeffrey Immelt, and NY Philharmonic". Press Release on Asia Society. Asia Society. Retrieved 21 September 2011.
  31. ^ Mulgund, Shreyas. "Winners of the NDTV Business Leadership Awards". Winners of the NDTV Business Leadership Awards. NDTV Convergence Limited. Retrieved 21 September 2011.
  32. ^ Mulgund, Shreyas (30 December'2010). "FC Businessman of the Year: Mukesh Ambani". Financial Chronicle. Retrieved 21-September' 2011. {{cite news}}: Check date values in: |accessdate= and |date= (help)
  33. ^ "IMC Juran Quality Medal 2009". List of Winners of IMC Juran Quality Medal. IMC. Retrieved 21 September 2011.
  34. ^ Mulgund, Shreyas. "The 100 Best-Performing CEOs in the World". Harvard Business Review. Harvard Business Publishing. Retrieved 21 September 2011.
  35. ^ Mulgund, Shreyas. "The MDG Advocacy Group" (PDF). Millennium Development Goals. UN Department of Public Information. Retrieved 21 September 2011.
  36. ^ Mulgund, Shreyas. "Membership & governance-WBSCD". Membership & governance-WBSCD. World Business Council for Sustainable Development (WBCSD). Retrieved 21 September 2011.
  37. ^ "Nita Sikbani". Da-is.org. Retrieved 9 February 2010.
  38. ^ Kwek, Glenda (15 October 2010). "India's richest man builds first $1-billion home, Antilia,". The Age. Melbourne. Retrieved 28 October 2010.
  39. ^ Mark Magnier (24 October 2010). "Mumbai billionaire's home boasts 27 floors, ocean and slum views". The Los Angeles Times.
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