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Mukesh Ambani Net Worth in 2020, Age, Car, Business, Family, Bio, Wiki

Mukesh Ambani Net Worth, An Indian billionaire business magnate, Mukesh Ambani with a net worth of USD 67 billion is also the ninth richest in the world which is topped by Amazon’s Jeff Bezos with USD 140 billion. He is the managing director, chairman and the largest shareholder of the Reliance Industries Limited and was ranked 13th globally in the 2019 Forbes Rich List. Also, Ambani’s 3-year-old Jio is now making USD 2 billion in 3 months with 370 million users.

Mukesh Ambani Net Worth in 2020

Net worthUSD 67 Billion or  5,140 crores USD (2020)
Full NameMukesh Dhirubhai Ambani
Born19 April 1957
Age62
ResidenceMumbai, Maharashtra, India
OccupationChairman and Mg.Director, Reliance Industries
Height5 ft 7 in (1.69 m)
Weight198 lbs (90 kg)

 

Mukesh Ambani’s Properties

The multi-billionaire Mukesh Ambani lives a lavish lifestyle in his house, Antilla situated in Mumbai. The property is the most expensive one in the world having 27 floors with extra high ceilings. Car parking areas have parking for 168 cars on six floors in it with advanced technology and has invested more than USD 1 billion in the property. The mansion is valued at over USD 400 million.

The 48,000-square-foot mansion has room for 600 servants, three rooftop helipads, a grand ballroom with crystal chandeliers, a 50-seat movie theatre, three floors of Babylon-inspired hanging gardens, a health spa, a yoga studio, and fitness center.

Ambani gifted his wife a USD 60 million Airbus A319 in 2007 for her 44th birthday. The airbus has a capacity of 180 passengers, has been custom-fitted to include a living room, WiFi, bedroom, sky bar, satellite television, Jacuzzi, and an office.

Mukesh Ambani Cars

Ambani has a total of 168 cars standing in his lavish parking lot of different brands. Take a look at jaw-dropping cars:

  • Mercedes Maybach 62 which can touch a top speed of 250 kmph, of worth Rs 5.15 crore
  • BMW 760 Li that comes with bulletproof coating and self-supporting run-flat tyres of worth Rs 8.5 crore
  • Rolls Royce Cullinan has a host of luxury features and counted as one of the expensive ones that starts at a price of Rs 6.95 crore
  • Bentley Bentayga in a brilliant Green colour estimated cost is Rs 7.56 crore that is capable of achieving a top speed of 301 kmph.
  • Rolls Royce Phantom Drophead Coupe is a super rare car for Rs 7.6 crore that takes 5 seconds to reach a top speed of 240 kmph with only six of them in the country.
  • Aston Martin Rapide also owns an Aston Martin of price starts at Rs 3.8 crore
  • Bentley Flying Spur is a supercar that costs around Rs 3.20 crore.
  • Mercedes Benz S Guard is the armoured car that costs around Rs 10.50 Crore.

What Contributed To Mukesh Ambani Net Worth?

The Reliance Industries Empire and his business intelligence have a lot contributed to his astonishing net worth of USD 67 billion (2020).  Apart from Reliance Industries Limited’s core business, RIL’s presence across lifestyle, fashion, and consumer electronics are even far higher than any other player in the domestic market right now.

On December 23, 2019, Ambani added almost USD 17 billion to his wealth which makes his net worth stand at USD 60.8 billion (INR 4.31 lakh crore) at that date, according to Bloomberg Billionaires Index.

Mukesh Ambani’s net worth is equivalent to 0.915% of the 500 richest people total wealth in the world. He gets approximately USD 31,202 richer every minute that made an average of almost USD 4.5 million per day according to Business Insider.

In 2019, most of India’s richest people lost money due to slower economic growth, but Ambani added more than USD 16.4 billion to his fortune.

After his purchase of the IPL cricket team Mumbai Indians, Mukesh Ambani was titled “The World’s Richest Sports Team Owner” for USD 111.9 million in 2008.

Business

  • Owns a 42% stake in Reliance Industries
  • Chairs and runs USD 88 billion (revenue) RIL, the oil and gas giant company
  • Owner of Mumbai Indians, professional cricket team

According to Forbes, Mukesh Ambani’s soaring fortune:

  • November 2019: USD 60.3 billion
  • March 2019: USD 50 billion
  • 2018: USD 40.1 billion
  • 2016: USD 19.3 billion
  • 2014: USD 18.6 billion
  • 2012: USD 22.3 billion
  • 2010: USD 29 billion

Reliance Industries Limited (RIL)

The energy-to-telecom Reliance Industries Limited is India’s first company to touch Rs 10 lakh crore market capitalization recently in 2019. RIL is also the world’s 6th largest oil refining complex in the world. The Indian multinational conglomerate company is engaged in energy, petrochemicals, natural resources, textiles, retail, and telecommunications and is the largest exporter of the country. Reliance has access to markets in 108 countries.

The industry has 158 subsidiary companies and 7 associate companies. The RIL has approx. 3.1 billion shares where the Ambani family and the promoter group hold approx. 46.32% of the total shares. The remaining shares are held by public shareholders, including corporate bodies and FII.

Thanks To Reliance Jio: the big win

Ambani’s telecom company, Reliance Jio has shaken up various telecom industries in India which joined hands with 200 million subscribers in just two years. Its revenue increased by 28.2% to USD 2.3 billion (INR 16,517 crore) in the third quarter ending December. And this is the secret behind Ambani’s increase in wealth. Since its public launch on 5 September 2016, Reliance’s Jio has earned a top-five spot in the country’s telecommunication services in India.

Charity

For the betterment of society, Mukesh Ambani has been engaged in a lot of activities and has been a part of various social organizations. His contribution to society has topped over USD 600 million.

He conducts most of his charitable work through his Reliance Foundation which focuses on areas of sports, education, rural transformation, urban renewal, health, and arts, culture and heritage.

Early Life

Mukesh Ambani was born in the British Crown colony of Aden on 19 April 1957 to Dhirubhai Ambani and Kokilaben Ambani. He has two sisters, Dipti Dattaraj Salgaocar and Nina Bhadrashyam Kothari and a younger brother Anil Ambani.

He does his schooling from Hill Grange High School and completed his graduation from the Institute of Chemical Technology in the field of Chemical Engineering (BE degree). He later enrolled at Stanford University for an MBA but came back to India to help his father build Reliance.

He loves playing football and hockey and enjoyed annual trips to villages during his teenage age. He used public transportation, lived in a communal society, and never received an allowance.

Career

Mukesh Ambani started his career by running their family business Reliance Industries Limited in 1981. The company was being built from scratch. Ambani when came back from Stanford, he joined the company where his father, Dhirubhai treated him as a business partner even with little experience. He uses to report daily to Rasikbhai Meswani, the executive director at that time.

This principle into the company came into attention after Rasikbhai’s death in 1985 along with his father Dhirubhai suffering a stroke in 1986. All the responsibility shifted to Ambani and his brother.

At that time, Mukesh Ambani set up Reliance Infocomm Limited which was focused on information and communications technology now known as Reliance Communications Limited., Ambani, at the age of 24 was given charge of the construction of Patalganga petrochemical plant as the company was heavily investing in petrochemicals and oil refinery.

In 2002, his father died after suffering a second stroke which brought tensions among the bothers as the father left without the will. Their mother intervened and split the company into two, Ambani received control of Indian Petrochemicals Corporation Limited and Reliance Industries Limited.

Interesting Facts of Mukesh Ambani

  • Mukesh Ambani favourite food is idli sambar
  • He is a strict vegetarian and teetotaler
  • His favourite restaurant is Mysore Café, (a restaurant in King’s circle, Mumbai) where he uses to eat in his college days
  • His wife, Nita, describes him as very quiet, shy and modest
  • He is a big fan of Bollywood movies and uses to watch three in a week

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