Mukesh Ambani Net Worth And His Ultra Luxury Lifestyle

In today’s world, the name Mukesh Ambani is synonymous with being one of the wealthiest people across the globe. He is the chairman and managing director of one of India’s most valuable companies by market value, Reliance Industries. You might not know, but we consume a lot of Reliance products than you might think.

Under the leadership of Mukesh Ambani, Reliance Industries saw immense growth and development. What started as a spice business back then has diversified into an ever-growing Indian multinational conglomerate. In this article, we will discuss about Mukesh Ambani net worth, investments, and more.

Mukesh Ambani – India’s biggest conglomerate

Mukesh Dhirubhai Ambani, popularly known as Mukesh Ambani was born in the British Crown colony of Yemen on 19 April 1957. He was born to Dhirubhai Ambani and Kokilaben Ambani into a Gujarati Hindu family. Soon after he was born, Dhirubhai Ambani moved to India to start a trading business of spices and textiles which was named Vimal.

Mukesh Ambani and his brother completed their schooling at the Hill Grange High School in Mumbai. He then pursued a BE degree in chemical engineering from the Institute of Chemical Technology and passed with flying colours. He was interested in an MBA and enrolled for the same at Stanford University but was called back to India in 1980 to help him build Reliance. Dhirubhai believed that real-life skills are better channeled through experiences rather than sitting in a classroom.

His contribution to Reliance Industries

After Mukesh’s father’s death on 6 July 2002, he took over Reliance Industries Limited and Indian Petrochemicals Corporation Limited after his mother split the company to stop the feud between the brothers as Dhirubhai left no will stating the distribution of his great empire. Ambani directed the creation of one of the largest petroleum refineries at Jamnagar integrated with power generation, port, and other related infrastructures. Reliance reached new heights during his tenure as good as a 17-fold jump in the revenues of the company.

At the 40th AGM of RIL, bonus shares in the ratio of 1:1 were announced which happens to be the country’s largest bonus issue ever in India. Each business has a corporate social responsibility (CSR). Reliance Industries Limited invested around 921 crore rupees in several CSR programs in the fiscal year 2020-2021 that prioritize women empowerment, rural transformation, health, education, etc. Reliance was also the first ever private Indian company to be featured on the Fortune 500 list. It also owns the biggest television network in India, Network 18. Several channels like CNN News18, Colors TV, MTV India, Nickelodeon India, and VH1 India come under the Network 18 group.

Mukesh Ambani investments

Apart from well-known enterprises like Haptik, Saavn, Tesseract, SankhyaSutra Labs, Zivame, and EasyGov, he has made a huge investment in the start-ups of India. A few of them are:

1. Dunzo
2. NowFloats
3. Netmeds
4. Urban Ladder and more

Mukesh Ambani net worth

During the COVID-19 lockdown, Ambani raised more than Rs 2000 crore by selling a third of Jio to a string of investors, such as Facebook and Google.

Mukesh Ambani house, Antilia, comes second to Buckingham Palace on the list of the most expensive homes across the globe. The Buckingham Palace being Crown property, it is safe to say that Antilia is the most expensive residential property in the world. Having 27 floors, the property stands tall in the skyline of Mumbai and is worth Rs 20000 Crores.

Reportedly, besides owning Antilia, Ambani is known to own a property at Stokes Park in London and quite recently bought a beach-front villa in Dubai worth Rs 650 crore which happens to be the most expensive property in Palm Jumeirah.

Ambani’s vanity van is like a premium luxury condo on wheels. Worth Rs 55 crore, it has been custom-made as per his preferences. Reportedly, it has got four rooms, two bedrooms, a meeting room etc. It is also bulletproof and flame-resistant at the same time.

Indian Super League, which is an initiative of Football Sports Development Ltd is jointly owned by Reliance Industries Ltd (65%) and Disney Star (35%). Also, Reliance Industries, owned by Mukesh Ambani, acquired the Mumbai franchise in IPL for Rs 11.19 crore, making it the most expensive team to be sold in the league.

Opened its doors on November 1, 2023, Jio World Plaza is the most expensive luxury mall in India and is owned by Mukesh Ambani. The brands featured in the grand opening were Louis Vuitton, Gucci, Burberry, Valentino, Dior, Balenciaga, Rolex, Bottega Veneta, etc.

Mukesh Ambani net worth in rupees currently stands at Rs 6.7 lakh crores as of 2023 and is the richest person in India as well as Asia.

Hope this article was helpful and now you have an insight into Mukesh Ambani net worth, Mukesh Ambani investments, and more.