Mr Mukesh Ambani

Topics: Dhirubhai Ambani, Mukesh Ambani, Reliance Industries Pages: 1 (310 words) Published: April 29, 2012
Mukesh Dhirubhai Ambani (Gujarati: મુકેશ ધીરુભાઈ અંબાની) (born on 19 April 1957) is a Yemeni-born Indian business magnate who is the chairman and managing director of the Indian conglomerate Reliance Industries Limited (RIL), the foremost company of the Indian energy and materials conglomerate Reliance Group.[4] The company was ranked #134th in Fortune Global 500 and is India's most valuable company by market value and second-largest Indian company by turnover.[5][6] His personal stake in Reliance Industries is 44.7%, which is the operator of the world’s biggest oil refining complex and owner of India’s biggest natural gas field.[7] Mukesh's younger brother is Anil Ambani, who heads Reliance Group. The Ambani family is the richest family in India and one of the richest in the world, their wealth inherited from Dhirubhai Ambani, founder of 2nd largest Indian conglomerate Reliance Group (after Tata Group).[8] In 2010, he was named among the most powerful people in the world by Forbes in its list of "68 people who matter most"[9] As of 2012, he is the second richest man in Asia[10] and the 19th richest person in the world with a personal wealth of US$22.3 billion. In 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalisation of Reliance group companies, briefly making him the world’s richest man.[11][12][13] He is a member of the board of directors of Bank of America Corporation and a present member of the international advisory board of the Council on Foreign Relations. In 2012, Forbes named Mukesh Ambani the 2nd richest sports owner [14] in the world. According to the list of richest sports owners, he is richer than owners of Chelsea and AC Milan. Ambani owns the Indian Premier League domestic cricket club Mumbai Indians
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