Unknown Truths Behind Mukesh Ambani Life Story - The World’s New Sixth-richest Person

Leela Adwani |Jul 15, 2020

According to the report published in the Bloomberg Billionaires Index, Ambani's net worth is $72.4 billion now.

Mukesh Ambani life story has always been the talk of the town. How India's richest man has built his empire and how he has beat several international magnates to feature in the list of richest people in the world.

Earlier in June, India’s richest man Mukesh Ambani entered the new league of wealth when placed the 9th spot in the elite list of 10 richest men in the world. Now, within a short span of time, he continued to beat technology entrepreneur Elon Musk and co-founders of Alphabet Inc. Sergey Brin and Larry Page to officially become the world's sixth-richest person. According to the report published in the Bloomberg Billionaires Index, Ambani's net worth now reached $72.4 billion. The conglomerate’s shares have even more than doubled from the low point registered in March. The reason is that its digital unit received giant investments worth billions of dollars from Facebook, Silver Lake, and Qualcomm Inc.

Mukesh Ambani Ft
Mukesh Ambani beats Elon Musk to become the world's sixth-richest person

It would not be an overstatement to say Mukesh Ambani is a legendary entrepreneur and the fact of modern industrialists in India. He has been revolutionized Indian business model. Yes, he is hands down a game-changer and his success story has never ceased to inspire us.

Mukesh Ambani life story

Even though he is known to be the country’s wealthiest individual, the chairman of Reliance Industries is a humble-minded person.

Talking about Mukesh Ambani life story he was born on 19 April in Colony of Aden (Yemen, now). His father is Dhirubhai Ambani who used to work in a company based in Yemen before relocating to Mumbai in the year 1958.

He completed his secondary education at Hill Grange High School in Mumbai. During his schooldays, Ambani was an ordinary student who always dreamed big and had never been afraid of challenges.

Mukesh Ambani
His success story has never ceased to inspire us

>>> ALSO READ: Vikas Khanna Net Worth And His Inspiring Rags-To-Riches Journey

He opted to pursue his higher education in Chemical Engineering at the Institute of Chemical Technology and studied MBA at the prestigious Stanford University in the US.

Journey to become the Indian tycoon

Mukesh Ambani life story has entered a new phase in the year 1981 as he came back to his home country to help his father’s business. Under Mukesh Ambani's leadership, the company could establish Reliance Infocomm Limited (Reliance Communication Limited, as of now) and it has become one of the country’s largest telecom corporations. After the business was divided between two Ambani brothers, Mukesh's younger brother took over the company.

Ambani also played a vital role in creating the world’s biggest oil refinery at Jamnagar. In the year 2010, the capacity of the refinery was estimated at 660,000 barrels per day. With an investment of around Rs 100,000 crore, the plant has power generation, petrochemical, port as well as related infrastructure.

Mukesh Ambani House
Ambani and his family are currently living inside the most expensive house in the world.

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The fact is that until the 1970s, the world’s sixth-richest person still lived in a two-room house in Mumbai. Now he lives in an extravagant 400,000-square-foot building Antilla. His empire, Reliance Industries, is now spread across several sectors like petrochemical oil, refining, gas, oil, retail, and many more.

In the year 2008,  Reliance Industries bought a cricket team – the Mumbai Indians Twenty-Twenty – worth $111.9 million under IPL (Indian Premier League)

Mukesh Ambani life story has been way greater when he is also a part of several committees, even chairman as well as the board of big corps at different times. For those who are unversed, he holds the position of chairman cum managing director of the Finance Committee. He is also a part of the Employees Stock Compensation Committee.

Ambani served on the Bank of America Corporation's board of directors and part of the International Advisory Board of the Council on Foreign Relations. He has been also the chairman of IIMB - Indian Institue of Management Bangalore.

Mukesh Ambani And Nita Ambani
His wife Nita Ambani is a supportive wife

In fact, his empire is currently operating in five main segments comprising of refining and marketing, exploration and production, retail, petrochemicals, and telecommunications. It also made it to the top Fortune Global 500 companies and is the most valuable corporation by market value in India.

In fact, he also revolutionized the network communications in India by creating the digital infrastructure of 4G network as well as establishing Reliance Jio Infocomm Limited or mainly known as Jio. It was first launched in September 2016.  The company even brings free Wifi hotspot services in many cities across the country.

Reliance has teamed up with several international companies like Niantic Inc., BP plc, Network 18, and Eros International.

It goes without saying that Mukesh Ambani a.k.a the world’s sixth-richest person now has powerfully represented a different and proud image of the Indian business sector which is advancing, cosmopolitan and progressive. Mukesh Ambani life story, of course, turns out to be a huge source of inspiration for many people, especially youngsters.

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