‹ Back

Mukesh Ambani tops as the richest man in India

 

By Daniel Asikpo Aug 02, 2023

 

Leading his closest fellow billionaire Gautam Adani with a $32 billion net worth margin difference, Mukesh Ambani not just soars as India's richest man but also the richest man in Asia.

 

 

This is my saying "Wealth is a game and has its players". The Indian business lord Mukesh Ambani has been a critical player for decades. In this article, we will look at how he has been able to stay afloat for this long.

 

Born on April 19, 1957, in Aden (present-day Yemen); Mukesh Dhirubhai Ambani who is currently 66 years of age is the Managing Director and Chairman of Reliance Industries. He also holds the highest shares of over 50% in the company. 

 

Withdrawing from MBA studies to help his father run and build Reliance Industries Limited at age 24 was a big decision and a sacrifice he had to make which indeed currently stands him out. According to Wikipedia 'His father felt that real-life skills were harnessed through experiences and not by sitting in a classroom, so he called his son back to India from Stanford to take command of a yarn manufacturing project in his company.

 

Indeed, Ambani has taken his company to great heights ever since he took over in 2004 after his father Dhirubhai Ambani's sudden demise. Though there have been many ups and downs which are normalities in running a business he is still in the top fifteen richest men in the world.

 

In 2020, he surpassed his fellow continental billionaire Jack Ma to become the richest man in Asia and was listed by Forbes 2020 as the sixth richest man in the world.

 

There have been past claims of market manipulations by Reliance Industries Limited which attracted a considerable fine. This affected the overall result of the company for some time. Mukesh Ambani, though still the undisputed top billionaire in India and Asia, currently ranks twelfth in the world with an estimated net worth of $94 billion. 

 

Reliance Industries Limited (RIL) is involved in diverse sectors such as petrochemicals, oil and gas, retail, telecom, and several others. It is through Reliance Industries that he acquired the Indian Premier League franchise Mumbai Indians. RIL is estimated to have a revenue of more than Rs 8.5 lakh crore ($110.5 billion).

 

He has also made a remarkable impact in donations for charity with his name always appearing in Hurun India Philanthropy List. 

 

How long he will retain this position may not really matter. Mukesh Ambani has proven his capabilities in the world of business.