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Mukesh Ambani Biography

Mukesh Ambani
extracted from Wikipedia, the Free Encyclopedia

Mukesh Ambani
Born April 19, 1957 (1957-04-19) (age 51)
Colony of Aden, Yemen
Residence Flag of India Mumbai, India
Occupation Chairman, Managing Director of Reliance Industries
Net worth ▲ US$43 billion (as of May 2008 [1])
Spouse Nita Ambani

Mukesh Ambani (born April 19, 1957 in Yemen) is an Indian businessman and the world's fifth richest man, with a net worth of approximately $43 billion. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company. [2] His personal stake in Reliance Industries is 48%.[3] His wealth is valued at US$43 billion (according to Forbes), making him the richest man in Asia. [4]

Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani. Mukesh also owns the Indian Premier League team Mumbai Indians.

Contents

Education

Mukesh Ambani was educated at Hill Grange High School in Mumbai and completed his graduation with a bachelor's degree in chemical engineering from the University Department of Chemical Technology (UDCT), Mumbai (now known as Mumbai University Institute of Chemical Technology). He later pursued an MBA from Stanford University but dropped out after his first year.[5]

Career

Mukesh Ambani joined Reliance in 1981 and initiated Reliance's backward integration from textiles into polyester fibres and further into petrochemicals. In this process, he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance's manufacturing capacities from less than a million tonnes to twelve million tonnes per year.

He directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, Gujarat, India, with a present capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $26 billion USD).

Mukesh Ambani set up one of the largest telecommunications companies in India in the form of Reliance Communications (formerly Reliance Infocomm) Limited. However, Reliance Infocom now is under Anil Dhirubhai Ambani Group post the brothers' split. Under Ambani's leadership, Reliance has entered retail business through its wholly owned subsidiary Reliance Retail.

Under him Reliance Retail has also launched a new chain called Delight stores and also signed a letter of intent with NOVA Chemicals to make energy-efficient structures for Reliance Retail.

Ambani owns the Indian Premier League team Mumbai Indians. He has also set up the Dhirubhai Ambani International School in Mumbai.

Family

Mukesh Ambani is son of one of the most prominent businessmen in India, the late Dhirubhai Ambani, an Indian entrepreneur and founder of Reliance Industries.

His brother Anil Ambani heads Reliance Anil Dhirubhai Ambani Group with interests in telecom, power, natural resources, infrastructure and financial services. The Ambani brothers had a well-publicized spat after their father's death, which led to the Reliance Group being split between the two.

Mukesh Ambani is married to Nita Ambani, who looks after the social and charitable arm of Reliance Industries. They have three children: Akash, Isha and Anant.

Mukesh Ambani is currently building the world's most expensive home (valued at $2 billion).[1] This will be a 60-story skyscraper (with only 27 floors) in downtown Mumbai. It may be called Antilia.

His family belongs to Modh Bania, a trading community in Gujarat, a coastal province of India.

Achievements

  • 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 People in Business published by Fortune magazine, August 2004.
  • Ranked No.1 for the second consecutive year, in The Power List 2004 published by India Today, March 2004.
  • Recorded as the first Trillionaire in India, June 2007.
  • Awarded the "Chitralekha Person of the Year Award -- 2007" by Gujarat Chief Minister Narendra Modi

References

  1. ^ The World's Billionaires - Forbes Magazine
  2. ^ FORTUNE Global 500 2006: Countries
  3. ^ The World's Billionaires. Forbes (2007-03-08). Retrieved on 2007-03-09. “Year 2007 .”
  4. ^ The World's Billionaires. Forbes (2008-03-05). Retrieved on 2008-05-14. “Year 2008”
  5. ^ Is MDA really an MBA. Telhelka (2005-01-01). Retrieved on 2008-05-14.

External links

 

Mukesh Ambani Pictures

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Image Celebrating his 50th Birthday today with the King of Bollywood , Reliance Retail Chairman, Mukesh Ambani announced e commerce plans. We all know when Mukesh says something he is damn Picture

Title: Mukesh Nita Ambani.PNG
Description: Celebrating his 50th Birthday today with the King of Bollywood , Reliance Retail Chairman, Mukesh Ambani announced e commerce plans. We all know when Mukesh says something he is damn

Image assets worth $17 billion. His company RIL involved in textiles, oil refining, gas exploration and a host of other businesses. The layout and design of the outlets, a key ingredient of branding, has been done by Mukesh Ambanis wife Nita. She is charting Picture

Title: NitaAmbani2.jpg
Description: assets worth $17 billion. His company RIL involved in textiles, oil refining, gas exploration and a host of other businesses. The layout and design of the outlets, a key ingredient of branding, has been done by Mukesh Ambanis wife Nita. She is charting

Image Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by PricewaterhouseCoopers and published in Financial Times, London, November 04. Mukesh Ambani is the face of new emerging India. He is the Chairman and Managing Director of Reliance Industries Limited, Indias largest private sector company. Mukesh Ambani was born on Picture

Title: india mukesh ambani 1.jpg
Description: Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by PricewaterhouseCoopers and published in Financial Times, London, November 04. Mukesh Ambani is the face of new emerging India. He is the Chairman and Managing Director of Reliance Industries Limited, Indias largest private sector company. Mukesh Ambani was born on

Image years ago and we can create new value because the world is moving fast in terms of new industries. And on that basis there is really a business case with the power of youth in our country. Today what the world sees and what we see as well, is that if we can create more employment opportunities for our younger people in a whole host of industries, not only related to technology Picture

Title: Mukesh Ambani.JPG
Description: years ago and we can create new value because the world is moving fast in terms of new industries. And on that basis there is really a business case with the power of youth in our country. Today what the world sees and what we see as well, is that if we can create more employment opportunities for our younger people in a whole host of industries, not only related to technology

Image Sandeep Sehgal, Sujay Kalele, Ruchir Kalra and Nupur Govil, have further developed the technology to produce chlorine in a highly cost effective manner. Mr Ambani was visibly impressed with the novel and feasible business plans of ISB students, which clearly had commercial promise. He also discussed with the team members about RILs Picture

Title: MukeshAmbani big1.jpg
Description: Sandeep Sehgal, Sujay Kalele, Ruchir Kalra and Nupur Govil, have further developed the technology to produce chlorine in a highly cost effective manner. Mr Ambani was visibly impressed with the novel and feasible business plans of ISB students, which clearly had commercial promise. He also discussed with the team members about RILs

Image cent to Rs 42,340 crore from Rs 35,577 crore in the year ago period. Reliance Industries Q1 net up 60.7 pc at Rs 2,310 cr MUMBAI, July 28: In the first financial result announced after division of the Reliance group, Mukesh Ambani controlled Reliance Industries Picture

Title: mukesh ambani.jpg
Description: cent to Rs 42,340 crore from Rs 35,577 crore in the year ago period. Reliance Industries Q1 net up 60.7 pc at Rs 2,310 cr MUMBAI, July 28: In the first financial result announced after division of the Reliance group, Mukesh Ambani controlled Reliance Industries

Image Anil Ambani and Mukesh Ambani of the Reliance Group of Industries figure in the cover story of Time Magazine. — PTI Picture

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Description: Anil Ambani and Mukesh Ambani of the Reliance Group of Industries figure in the cover story of Time Magazine. — PTI

Image RBI has also increased the aggregate ceiling on overseas investment by mutual funds to $4 bn. Mukesh Ambani wields willow as he turns 50 and frisky MUMBAI, April 22: Metre high cakes, jet setting parties, performances by film stars and an unabashed show of wealth are usually the ingredients of a business tycoons birthday bash, but Picture

Title: MukeshAmbani2.jpg
Description: RBI has also increased the aggregate ceiling on overseas investment by mutual funds to $4 bn. Mukesh Ambani wields willow as he turns 50 and frisky MUMBAI, April 22: Metre high cakes, jet setting parties, performances by film stars and an unabashed show of wealth are usually the ingredients of a business tycoons birthday bash, but

Image Reliance Industries Chairman and Managing Director Mukesh Ambani today said India will overtake China in GDP growth rate within the next two years. Addressing on the occasion of the 32nd Picture

Title: r mukesh ambani.jpg
Description: Reliance Industries Chairman and Managing Director Mukesh Ambani today said India will overtake China in GDP growth rate within the next two years. Addressing on the occasion of the 32nd

Mukesh Ambani Videos

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video Global Corporations Are the Best Weapon Against Poverty, Said Reliance Chairman Video File , 48:58 minutes Center for Global Business and the Economy Picture

Title: ambani.ram
Description: Global Corporations Are the Best Weapon Against Poverty, Said Reliance Chairman Video File , 48:58 minutes Center for Global Business and the Economy

video Mukesh Ambani unveils plans for RIL Picture

Title: high1451019.rm
Description: Mukesh Ambani unveils plans for RIL

video Video File , 44:25 minutes Muhammad Yunus Economist and founder, Grameen Bank of Bangladesh Video File , 32:24 minutes ...more headlines Picture

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Description: Video File , 44:25 minutes Muhammad Yunus Economist and founder, Grameen Bank of Bangladesh Video File , 32:24 minutes ...more headlines

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Description: Video File , 39:47 minutes Trevor Manuel Minister of Finance, South Africa Video File , 44:56 minutes Raymond Offenheiser President, Oxfam America

video Video File , 44:56 minutes Raymond Offenheiser President, Oxfam America Video File , 44:25 minutes Muhammad Yunus Economist and founder, Grameen Bank of Bangladesh Picture

Title: offenheiser.ram
Description: Video File , 44:56 minutes Raymond Offenheiser President, Oxfam America Video File , 44:25 minutes Muhammad Yunus Economist and founder, Grameen Bank of Bangladesh

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video Video File , 41:21 minutes John Gunn, MBA 72 President and CIO, Dodge Cox Video File , 14:14 minutes Vinod Khosla, MBA 80 General Partner, Kleiner Perkins Caufield Byers Picture

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Description: Video File , 41:21 minutes John Gunn, MBA 72 President and CIO, Dodge Cox Video File , 14:14 minutes Vinod Khosla, MBA 80 General Partner, Kleiner Perkins Caufield Byers

video fold after the settlement of Reliance ownership issues with his brother Mukesh Ambani and unveiled a Rs 80,000 crore plan in power generation. In video (28k , 56k ) Business page: All eyes on Ambanis new growth plans Picture

Title: jun19icev5 56k.ram
Description: fold after the settlement of Reliance ownership issues with his brother Mukesh Ambani and unveiled a Rs 80,000 crore plan in power generation. In video (28k , 56k ) Business page: All eyes on Ambanis new growth plans

video his fold after the settlement of Reliance ownership issues with his brother Mukesh Ambani and unveiled a Rs 80,000 crore plan in power generation. In video ( 28k , 56k ) Business page: Picture

Title: jun19icev5 28k.ram
Description: his fold after the settlement of Reliance ownership issues with his brother Mukesh Ambani and unveiled a Rs 80,000 crore plan in power generation. In video ( 28k , 56k ) Business page:

video Mukesh Ambani unveils plans for protochemical major. ( 28k , 56k ) Picture

Title: aug3icev4 28k.ram
Description: Mukesh Ambani unveils plans for protochemical major. ( 28k , 56k )