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Mukesh Ambani
extracted from Wikipedia, the Free Encyclopedia, distributed under the GNU Free Documentation License

Mukesh Dhirubhai Ambani

Mukesh Ambani
Born April 19, 1957 (1957-04-19) (age 52)
Aden, Aden Protectorate1
Residence Mumbai, India
Education University of Mumbai (Bachelor of Chemical Engineering)
Stanford University-Stanford Graduate School of Business (MBA - dropped out)
Occupation Chairman & Managing Director of Reliance Industries
Net worth ▲US$29.0 billion (3.10.2010)23
Religion Hindu
Spouse(s) Nita Ambani
Children 34

Mukesh Ambani (Gujarati:મુકેશ અંબાની ) (born on April 19, 1957 in Aden, Yemen) is an Indian business tycoon.5 He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company.6 His personal stake in Reliance Industries is 48%.7 His wealth is valued at $ 29.0 Billion by Forbes Magazine, making him the world's 4th richest person and Asia's wealthiest person.8 Mukesh Ambani and his younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani. Mukesh 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.9 Today, he leads the largest private sector conglomerate in India.

Contents

Family and Early Life

Mukesh Ambani is the eldest child of a close-knit Gujarati Baniya family. His family (including parents and brother) lived in a downmarket 2 bedroom apartment in Bhuleshwar, Bombay until the 1960s, when they moved to a much better neighborhood. [1]When Mukesh was in high school he would spend long hours with his father in the office on weekends, developing his passion for business and entrepreneurship that his father, Dhirubhai Ambani was the epitome of.

His younger brother Anil Ambani is also a billionaire and owns another company, the Reliance Anil Dhirubhai Ambani Group.

Education

Mukesh D. Ambani is a chemical engineer from University Institute of Chemical Technology (earlier University Department of Chemical Technology), University of Mumbai (earlier University of Bombay). He has pursued an MBA from Stanford University, USA.10

Career

He joined Reliance Industries in 1981. [2]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. He directed the creation of the Jamnagar Refinery. Mukesh Ambani has 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).

Achievements

10

Ambani (right) with Ratan Naval Tata and U.S. Secretary of State Hillary Rodham Clinton
  • 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 IIM-B
  • Honorary Fellow of IChemE (the Institution of Chemical Engineers)
  • Conferred the Penn Engineering Dean’s Medal for application of engineering and technology in January 2010

Personal life

He is married to Nita Ambani and has 3 children, Aakash, Anant and Isha.11 He doesn't eat meat or drink alcohol.[3]He prefers to wear short-sleeve shirts instead of western suits. [4]He watches bollywood movies regularly to get a 2-3 hours of relief from his life. [5]Mukesh likes to visit Kruger National Park in South Africa with his family.12 The latest item in his portfolio is cricket. He owns the Indian Premier League team, the Mumbai Indians.

See also

References

  1. ^ "NDTV Mukesh born in Yemen". Jeetegakaun.in. http://www.jeetegakaun.in/ndtv_indian_of_the_year_2007/mukesh_ambani/. Retrieved 2010-02-09. 
  2. ^ "#1 Mukesh Ambani". Forbes.com. http://www.forbes.com/lists/2009/77/india-billionaires-09_Mukesh-Ambani_JNCE.html. Retrieved 2010-02-09. 
  3. ^ "Ambani brothers, L N Mittal among top 10 billionaires". The Times of India. 2008-03-06. http://timesofindia.indiatimes.com/Anil_Ambani_Lakshmi_Mittal_among_top_10_billionaires/articleshow/2842665.cms. Retrieved 2008-04-04. 
  4. ^ "NY Times pics on Mukesh Ambani". India: Nytimes.com. 2008-06-15. http://www.nytimes.com/slideshow/2008/06/15/business/0615-AMBANI_7.html. Retrieved 2010-02-09. 
  5. ^ "Mukesh Ambani :: RIL :: Reliance Group of Industries". RIL. http://www.ril.com/html/aboutus/mukesh_ambani.html. Retrieved 2010-02-09. 
  6. ^ "FORTUNE Global 500 2006: Countries". Money.cnn.com. 2006-07-24. http://money.cnn.com/magazines/fortune/global500/2006/countries/I.html. Retrieved 2010-02-09. 
  7. ^ "The World's Billionaires". Forbes. 2007-03-08. http://www.forbes.com/lists/2007/10/07billionaires_Mukesh-Ambani_NY3A.html. Retrieved 2007-03-09. "Year 2007." 
  8. ^ "Mukesh Ambani tops Forbes India rich list with $32 bn fortune". India Today. November 19, 2009. http://indiatoday.intoday.in/site/Story/71506/Top%20Stories/Mukesh+Ambani+tops+Forbes+India+rich+list+with+$32+bn+fortune.html. Retrieved 23 November 2009. 
  9. ^ "Mukesh Ambani :: Reliance Group :: Reliance Petroleum Limited :: Reliance Industries". RIL. http://www.reliancepetroleum.com/html/mda.html. Retrieved 2010-02-18. 
  10. ^ a b "Mukesh Ambani - Chairman and Managing Director, Reliance Group". RIL. http://www.rellife.com/mukesh_ambani.html. Retrieved 2010-02-18. 
  11. ^ "Nita Ambani". Da-is.org. http://www.da-is.org/html/nita_ambani.html. Retrieved 2010-02-09. 
  12. ^ "India Today 2005 Power List". Indiatoday.com. 2005-02-21. http://www.indiatoday.com/itoday/20050221/power2.html. Retrieved 2010-02-09. 

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