Here’s Where Mukesh Ambani Invests Most Of His Money, And It’s Not In Banks Or Mutual Funds

Mukesh Ambani is well-known as the chairman and largest shareholder of Reliance Industries Limited. To call Reliance Industries one of the titans of an industry whose influence extends far beyond the borders of India would not be so wrong. Reliance Industries Limited’s market capitalization stands at an impressive Rs 19,86,000 crore as of April 12, 2024.

This does not just solidify its position as one of India’s premium corporations but also as one of the world’s most valuable and influential entities. However, have you ever wondered where does Mukesh Ambani invests all his money?

Mukesh Ambani does not invest his money in banks or mutual funds but…

As one of the wealthiest individuals globally, Mukesh Ambani’s vision and business acumen have shaped the landscape of telecommunications, energy, and retail. At 66 years old, he oversees the expansive Reliance Group, which spans telecom, oil and gas, and retail sectors.

Alongside his business ventures, Ambani is renowned for his ownership of the IPL team Mumbai Indians. As per Forbes, his real-time net worth stands at a staggering USD 116.1 billion as of April 12, equivalent to approximately Rs 9,69,600 crore.

With such staggering income, anyone would wonder that he must be investing all his money in banks or mutual funds. However, that is not the case. Ambani’s investment strategy is marked by its diversity, reflecting his penchant for exploring various sectors and embracing future-oriented businesses. He strategically allocates significant portions of his wealth across different industries and especially future-forward enterprises.

Ambani’s ventures extend beyond traditional realms, with a keen eye on innovation and disruption. His recent investments include the following. 

• Mukesh Ambani recently acquired a 60% stake in Netmeds, a medicine delivery company.

• He also acquired a majority stake in Addverb Technologies, an Indian robotics startup, for approximately Rs 983 crore.

• Reliance Industries, chaired by Ambani, is in talks to purchase Paramount Global’s 13% stake in Viacom18, a TV and streaming company, for about USD 517 million (Rs 4,310 crore).

• Additionally, Reliance Industries’ retail arm acquired a 96% stake in Urban Ladder, an online furniture retailer, for over Rs 182 crore in 2020.

These investments exemplify Ambani’s strategy of diversifying his wealth away from traditional avenues like banks and mutual funds and thereby opting instead for strategic acquisitions across various industries.

The Ambani’s extravagant lifestyle

Recently, the Ambanis did a big pre-wedding event for Anant Ambani and his soon-to-be wife Radhika Merchant where various big personalities joined the event. The Ambanis also invited one of the most famous pop-culture artists, Rihanna to perform. Inviting such a big personality to perform just at a pre-wedding event shows how lavish and extravagantly they enjoy their private events. As per various reports, they paid the pop queen around $8-$9 million ( ₹66 to 74 crore).

Talking about the wedding, the longstanding couple Anant Ambani and Radhika Merchant will be getting married later in the year. As per various reports and finally the official announcement, the long-term couple will be tying the knot on July 12, 2024.

It would be fun to see which famous personalities from across the globe they are going to invite next. To say that this is going to be one of the richest weddings in the entertainment world all across Asia would not be so wrong.

What are your thoughts on the investments of Mukesh Ambani? Who do you think they’ll be inviting next to perform at the wedding? Do share your thoughts via the comments below.