Wednesday, 3 April 2013

Indian Billionaire Mukesh Ambani

Biography of Top Business Tycoon Mukesh Ambani
Billionaire Mukesh Ambani is the Chairman and Managing Director of Reliance Industries Limited, India’s Largest Private Sector Company. He is the elder son of the legendry businessman late Dhirubhai Ambani. Mukesh Ambani has the following business interests: Petrochemicals, Petroleum Refining and Marketing, Oil and Gas exploration and production, Textiles, Retail and SEZs. Forbes (2009) list of the world’s billionaires named him the richest man in Indiaand the 7th richest man in the world, having a net worth of $ 19.5 Billion.
Mukesh Ambani was born on April 19, Year 1957. He studied at Abaay Morischa School in Mumbai. He completed his chemical engineering from University of Mumbai. He went to StanfordUniversity in the US for his Masters in Business Administration (MBA), but did not complete the course as he had to come back to join the family business.
In the year 1981 Mukesh Ambani joined Reliance. He was the key man at the time of the company’s backward integration from textiles into polyester fibres, and then into petrochemicals. He established a number of world class manufacturing facilities to take the company’s petrochemicalmanufacturing capabilities to a new level. Mukesh Ambani conceptualized and created the largest grassrootspetroleum refinery in the world at Jamnagar, Gujrat, India. The refinery has a capacity of 33 million tonnes per year.
Mukesh Ambani helped to set up one of the world’s leading tele communications Companies, Reliance Communications, earlier known as Reliance Infocom. Reliance Communications went to younger brother Anil Ambani of ADAG, after the business empire got split in the year 2005.
Mukesh Ambani entered into the organized retail sector with Reliance Retail, opening hundreds of stores across several states. The stores serve diverse consumer needs and operate under various names such as Reliance Fresh, Reliance Mart and Reliance Digital.
Mukesh Ambani owns the Indian Premier League (IPL)Cricket Team, Mumbai Indians. He brought the team for$111.9 million
Mukesh Ambani gifted his Wife Nita Ambani a $60 million Airbus Plane on her 44th birthday. The customized jet had a master bedroom, fancy showers, game consoles, music systems, satellite TV, and wireless communication.
Mukesh Ambani is building a 27 story house called Antilla, at Altamount Road, Mumbai. The 400000 square feet home will have 6 levels of car parking, 3 helipads, 4 levels of open gardens, 2 levels of health club, home theatre, swimming pools, a ball room with the ceiling covered with crystalchandeliers, 9 elevators, an ice room and much more. The cost of the new home may touch $ 2 billion.

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