Mukesh Ambani is an Indian businessman with an estimated net worth of $86 billion. Mukesh Ambani's wealth is the result of his work at Reliance Industries. This Fortune 500 company is where he serves as the chairman of the board, managing director and the largest shareholder. He is the older brother of a younger sister, and father of two children. The family returned to India in 1958, where his father founded a trading firm in spices and textiles in Mumbai. In 1980 the Indian government began manufacturing of polyester filament yarn (PFY). Ambani's father was the first to apply for the PFY manufacturing facility. He beat more than 40 other applicants for the permit. Ambani was the oldest son in the family, was snubbed out of his MBA program at Stanford by his father--who prefers real-life experiences over classroom learning--to help build the PFY facility. After the executive director Rasikbhai Meswani's passing, and the stroke of his father in 1986, responsibility for the firm was handed over to Ambani and his brother Anil.
Tuesday, January 17, 2023
Mukesh Ambani
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