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Mukesh Ambani

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Mukesh Dhirubhai Ambani
File:Mukesh Ambani12.jpg
Mukesh Ambani
Born (1957-04-19) 19 April 1957 (age 67)
Aden, [1]
NationalityIndian
EducationUniversity of Mumbai (Bachelor of Chemical Engineering)
Stanford University (MBA)
OccupationChairman & MD of Reliance Industries
SpouseNita Ambani
ChildrenAkash, Anant, Isha[2]
RelativesAnil Ambani (Brother)

Mukesh Ambani (born on 19 April 1957) is an Indian business magnate and the chairman and 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.

His personal stake in Reliance Industries is 48%.[6]

As of July 1910, he is the richest man in Asia[3] 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]

Family and Early life

Antilia as seen from Altamount Road, Mumbai

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 in Bhuleshwar, Mumbai until the 1960s.

He has a younger brother, Anil Ambani, is chairman of Reliance Anil Dhirubhai Ambani Group.

Personal life

He is married to Nita Ambani and has three children, Akash, Anant and Isha.[10] He owns the Indian Premier League team, the Mumbai Indians.

Career

He joined Reliance Industries in 1981. [11] 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.[12]

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. [13]

Honors and Awards

[14]

Ambani (right) with Ratan Naval Tata and U.S. Secretary of State Hillary Rodham Clinton
  • January 2010: School of Engineering and Applied Science of the University of Pennsylvania confers him with the Dean's medal.
  • Chosen the businessman of the year 2007 by a public poll in India conducted by NDTV
  • Conferred the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington.
  • 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, London, November 2004.
  • Conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004.
  • Chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.
  • Ranked 13th in Asia's Power 25 list of The Most Powerful
  • Awarded the "Chitralekha Person of the Year Award -- 2007" by Gujarat Chief Minister Narendra Modi.
  • Former Chairman of Indian Institute of Management Bangalore(IIM-B).
  • Fishing Diplomat
  • Honorary Fellow of IChemE (the Institution of Chemical Engineers)

He is also a member of International Advisory Board a neo conservative globalist think tank council on foreign relations.[15][16][17]

See also

References

  1. ^ "The Rediff Business Interview/ Mukesh Ambani". Rediff. June 17, 1998. Retrieved 2010-07-15.
  2. ^ "NY Times pics on Mukesh Ambani". India: Nytimes.com. 2008-06-15. Retrieved 2010-02-09.
  3. ^ a b c "Forbes topic page on Mukesh Ambani". Forbes. Retrieved 2010-04-05.
  4. ^ "Mukesh Ambani :: RIL :: Reliance Group of Industries". RIL. Retrieved 2010-02-09.
  5. ^ "FORTUNE Global 500 2006: Countries". Money.cnn.com. 2006-07-24. Retrieved 2010-02-09.
  6. ^ "The World's Billionaires". Forbes. 2007-03-08. Retrieved 2007-03-09. Year 2007.
  7. ^ "Mukesh Ambani Becomes World's Richest Man". Economic Times. Retrieved 2010-04-05.
  8. ^ "World's richest is Mukesh Ambani: Billion-dollar decisions from a billion-dollar home". Retrieved 2010-04-05.
  9. ^ "Mukesh Ambani Becomes World's Richest Man". Retrieved 2010-04-05.
  10. ^ "Nita Ambani". Da-is.org. Retrieved 2010-02-09.
  11. ^ "Mukesh Ambani :: RIL :: Reliance Group of Industries". RIL. Retrieved 2010-03-29.
  12. ^ "Mukesh Ambani :: Reliance Group :: Reliance Petroleum Limited :: Reliance Industries". RIL. Retrieved 2010-02-18.
  13. ^ "Reliance makes another deal for stake in Marcellus Shale". Fort Worth Business Press. August 09, 2010. Retrieved August 09, 2010. {{cite web}}: Check date values in: |accessdate= and |date= (help)
  14. ^ "Mukesh Ambani - Chairman and Managing Director, Reliance Group". RIL. 2005-02-21. Retrieved 2010-02-18. {{cite web}}: Text "Reliance Life Sciences" ignored (help)
  15. ^ http://www.cfr.org/content/about/annual_report/ar_2008/Intl_Advisory_Board2008.pdf
  16. ^ "Leadership and Staff - Council on Foreign Relations". Cfr.org. 2009-12-05. Retrieved 2010-08-31.
  17. ^ [1][dead link]
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