Reliance
Reliance
Reliance
Early life
Mukesh Dhirubhai Ambani was born on 19 April 1957 in the British Crown
colony of Aden (present-day Yemen) into a Gujarati Hindu family to Dhirubhai
Ambani and Kokilaben Ambani.
Ambani lived only briefly in Yemen because his father decided to move back to
India in 1958 to start a trading business that focused on spices and textiles.
Education
Ambani attended the Hill Grange High School at Peddar Road, Mumbai, along
with his brother and Anand Jain, who later became his close associate. After
his secondary schooling, he studied at St. Xavier's College, Mumbai. He then
received a BE degree in chemical engineering from the Institute of Chemical
Technology.
Ambani later enrolled for an MBA at Stanford University. but withdrew in 1980
to help his father build Reliance, which at the time was still a small but fast-
growing enterprise.
Career
In 1981 he started to help his father Dhirubhai Ambani run their family
business, Reliance Industries Limited. By this time, it had already expanded so
that it also dealt in refining and petrochemicals. The business also included
products and services in the retail and telecommunications industries. Reliance
Retail Ltd., another subsidiary, is also the largest retailer in India. Reliance's Jio
has earned a top-five spot in the country's telecommunication services since its
public launch on 5 September 2016.
Mukesh Ambani was ranked by Forbes as the 6th-wealthiest person in the
world. to become Asia's richest person with a net worth of $44.3 billion in July
2018.
Through Reliance, he also owns the Indian Premier League(IPL) franchise
Mumbai Indians and is the founder of the Indian Super League, a football
league in India. In 2012, Forbes named him one of the richest sports owners in
the world. He resides at the Antilia Building, one of the world's most expensive
private residences with its value reaching $1 billion.
Board memberships
• Chairman, managing director, Chairman of Finance Committee and
Member of Employees Stock Compensation Committee, Reliance
Industries Limited
• Former vice-chairman, Reliance Petroleum
• Member of Board of Governors Institute of Chemical Technology,
Mumbai
• President, Pandit Deendayal Petroleum University, Gandhinagar, Gujarat