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Mukesh Ambani: Asia's richest man keeps his friends close, has a fixed salary since 10 years, and is a favourite headline name

The RIL Chairman turns 62 today.

ET Online|
Apr 19, 2019, 10.48 AM IST
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Agencies
mukesh-ambani
RIL Chairman Mukesh Ambani turns 62 today.
Reliance Industries Chariman Mukesh Ambani is a name recognised across the globe - from a corner in rural India to a room filled with billionaires in Davos. With a net worth of USD 54 billion, the business tycoon became the first Indian, and only Asian, to break into the global top 10 on Hurun’s Rich List this year, apart from being featured at the 13th spot on Forbes’ Billionaire list – just two of the several coveted lists where the 62-year-old made appearances.

Earlier this week, he was named among Time magazine’s 100 most influential people along the likes of Facebook boss Mark Zuckerberg, US President Donald Trump, and former US first lady Michelle Obama. In an introduction about Ambani for the magazine written by Anand Mahindra, who is also his close friend, the auto-maker recalls a time in 2003 when the RIL head 'promised Indians in a well-known advertising tagline that his company would put the world in the palm of your hand'. Mahindra goes on to write that 'it won’t be long before he delivers on that promise', adding that Reliance could give Amazon ‘a run for its money’.

Hurun Rich List: Mukesh Ambani Debuts In Top 10, While 23 Other Indians Join The Club; Bezo...

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Money Talk

27 Feb, 2019
Amazon's Jeff Bezos, whose wealth has been making headlines due to his impending divorce with wife Mackenzie, topped the Hurun Rich list for the second year. The 55-year-old's net worth is a staggering USD 147 billion. He is followed by Bill Gates at USD 96 bn, Warren Buffett at USD 88 bn, Bernard Arnault at USD 86 bn, and Mark Zuckerberg at 80 billion. This year's list also saw RIL Chairman Mukesh Ambani make it to the top 10 for the first time. Here's a look at some interesting stats that the list brought out. (Clockwise from left: Jeff Bezos, Bill Gates, Mukesh Ambani, Warren Buffett)
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While making headlines is common-day activity for him, it’s not always for his gigantic oil and gas industry – which according to Forbes has a revenue of $60 billion. His twin children, Isha and Akash’s, lavish weddings grabbed international attention, and when he bailed his once-estranged younger brother Anil out by clearing a debt of Rs 453 crore dues in the Ericsson case – business headlines once again featured a family saga.


But for the man who has, and seems to be doing, it all, it’s often family first (overlooking his infamous fallout with Anil after the death of their father Dhirubhai Ambani in 2002).

Also Read: Here are Mukesh Ambani's 5 career lessons

Born in Aden, Yemen to Dhirubhai Ambani, who at the time worked as a gas-station attendant, he was the eldest of four children. The family moved to Mumbai when Ambani was 7-years-old, living at the Bhuleshwar neighbourhood in Bombay – those were the simpler days. In the time to come, as Dhirubhai Ambani would go on to form Reliance, a lot would change.

The family moved from Bhuleshwar to Usha Kiran at Altamount Road and then to Sea Wind (they currently reside at the extravagant 27-storey Antilia), and Ambani went on to finish his chemical engineering from the University of Bombay, before heading to Stanford University for his MBA – which he left mid-way to join the family business in 1981. Ironically, Ambani’s daughter Isha went on to complete her MBA from Stanford University.

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Mukesh Ambani with mother Kokilaben and wife Nita at the 36th Reliance Industries Limited AGM in 2010.

In 1985, Mukesh Ambani wed Nayantara Dalal – a school teacher – who, known as Nita Ambani after wedlock, would go on to play an important role both personally and professionally. Theirs was a love story custom-made for Indian cinema, Dhirubhai had spotted Nita at a dance programme and later called her to ask if she would meet his son. During their courtship, Mukesh Ambani would drive his green Fiat for three hours from Patalganga - where the Ambanis were building a plant at the time – to Mumbai to meet his then- fiancée, and eventually popped the question at a busy intersection in Mumbai. The story blossomed in front of the Piramals – who are now their daughter Isha’s in-laws.

From Heeraben Modi To Nita Ambani: Moms Who Are Actually Supermoms

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Supermom 101

13 May, 2018
Every mother loves her children and tries to give the best to them, irrespective of what situations they may be in. Moms make life look so easy. They fit everything into their life and still be incredible moms to their children. Take a look at some supermom-children duos who are taking the world by storm:
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All along the way, Ambani – who draws a fixed salary Rs 15 crore since 2009 - has kept his friends close. In a 2007 interview to MoneyLIFE, Ambani had said that while from an external perspective his life had changed – but personally he saw consistency.

His childhood friend, Anand Jain, who has known him since sixth grade and was often referred to as Dhirubhai's 'third son', was a prominent voice at Reliance (he is no longer actively involved), while college friend, Manoj Modi was often credited with being the man who saw the completion of Reliance’s projects.

Even now, as the telecom, retail and energy conglomerate continues to grow, it remains a family-run show, with Ambani often giving the credit of the idea behind Jio to his children.

Dishing out some important life and business lessons, Ambani - who has said that 'anything and everything that can go digital is going digital' - had revealed that he learnt in college how it's not just about solving the problems, but rather about first spotting them and then solving them.

Ambani Brothers In Arms; Singh Vs Singh, And Other Family Feuds Of India Inc

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It's NOT All In The Family

5 Sep, 2018
Conventional wisdom dictates that family, almost always, comes first. But India Inc has shown that conventional wisdom doesn't always hold true. Over the years, a number of prominent business families have faced separation woes. And many have had to take some hard calls. The Ambani vs Ambani saga that captured the country's imagination in 2004, and gave birth to various kinds of theories, saw rapprochement (of sorts) on Monday when elder brother Mukesh bailed out younger sibling Anil by paying Rs 453 crore dues in the Ericsson case, and thereby preventing the latter from being jailed. And with that, a decade-long family drama has seen some closure, for now. And while the Ambanis have done course-correction, the Singhs of the Fortis Group are still in war mode. Last September, India Inc saw Malvinder Singh and Shivinder Singh of Fortis embroiled in a family feud that has now reached the doors of the Supreme Court.
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