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{{Short description|Indian | {{Short description|Indian billionaire (born 1957)}} | ||
{{Use Indian English|date=January 2015}} | {{Use Indian English|date=January 2015}} | ||
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| birth_place = [[Aden]], [[Colony of Aden]] <br />(present-day [[Yemen]])<ref>{{cite encyclopedia|url=https://www.britannica.com/EBchecked/topic/1710517/Mukesh-Ambani|title=Mukesh Ambani|last=L. Nolen|first=Jeannette|encyclopedia=[[Encyclopædia Britannica]]|access-date=6 October 2013}}</ref><ref name=rediff1998>{{cite web |url=http://www.rediff.com/business/1998/jun/17nandy.htm |title=The Rediff Business Interview/ Mukesh Ambani |work=[[Rediff.com]] |date=17 June 1998 |access-date=22 August 2013}}</ref> | | birth_place = [[Aden]], [[Colony of Aden]] <br />(present-day [[Yemen]])<ref>{{cite encyclopedia|url=https://www.britannica.com/EBchecked/topic/1710517/Mukesh-Ambani|title=Mukesh Ambani|last=L. Nolen|first=Jeannette|encyclopedia=[[Encyclopædia Britannica]]|access-date=6 October 2013}}</ref><ref name=rediff1998>{{cite web |url=http://www.rediff.com/business/1998/jun/17nandy.htm |title=The Rediff Business Interview/ Mukesh Ambani |work=[[Rediff.com]] |date=17 June 1998 |access-date=22 August 2013}}</ref> | ||
| nationality = Indian | | nationality = Indian | ||
| alma_mater = {{Unbulleted list|[[St. Xavier's College, Mumbai]]|[[Institute of Chemical Technology]] (B.E. | | alma_mater = {{Unbulleted list|[[St. Xavier's College, Mumbai]]|[[Institute of Chemical Technology]] (B.E.)}} | ||
| occupation = Chairman and MD, [[Reliance Industries]] | | occupation = Chairman and MD, [[Reliance Industries]] | ||
| spouse = {{marriage|[[Nita Ambani]]|1985}}<ref name="marriage">{{cite web | url=https://www.forbes.com/sites/naazneenkarmali/2016/04/06/meet-nita-ambani-the-first-lady-of-indian-business/ | title=Meet Nita Ambani, The First Lady of Indian Business | work=[[Forbes]] | date=6 April 2016 |access-date=15 January 2022 | first=Naazneen | last=Karmali}}</ref> | | spouse = {{marriage|[[Nita Ambani]]|1985}}<ref name="marriage">{{cite web | url=https://www.forbes.com/sites/naazneenkarmali/2016/04/06/meet-nita-ambani-the-first-lady-of-indian-business/ | title=Meet Nita Ambani, The First Lady of Indian Business | work=[[Forbes]] | date=6 April 2016 |access-date=15 January 2022 | first=Naazneen | last=Karmali}}</ref> | ||
| children = 3 | | children = 3 | ||
| parents = {{ | | parents = {{Unbulleted_list|[[Dhirubhai Ambani]] (father)|Kokilaben Ambani (mother)}} | ||
| relations = [[Anil Ambani]] (brother) <br> [[Tina Ambani]] (sister-in-law) | | relations = [[Anil Ambani]] (brother) <br> [[Tina Ambani]] (sister-in-law) | ||
}} | }} | ||
'''Mukesh Dhirubhai Ambani''' (born 19 April 1957) is an Indian | '''Mukesh Dhirubhai Ambani''' (born 19 April 1957) is an Indian billionaire businessman. He is currently the chairman and managing director of [[Reliance Industries]], India's most valuable company by [[market value]].<ref name="aboutus2">{{cite web|url=http://www.ril.com/html/aboutus/Mukesh_Ambani.html|title=Mukesh Ambani :: RIL :: Reliance Group of Industries|publisher=[[Reliance Industries Limited]]|archive-url=https://web.archive.org/web/20150416033537/http://ril.com/html/aboutus/Mukesh_Ambani.html|archive-date=16 April 2015|url-status=dead|access-date=22 August 2013}}</ref> With an estimated net worth of $87.2 billion {{as of|May 2023|lc=y}}, he is the richest person in [[Asia]] and 13th richest in the world.<ref>{{Cite web |title=Mukesh Ambani |url=https://www.forbes.com/profile/mukesh-ambani/ |access-date=2023-01-27 |website=Forbes |language=en}}</ref><ref>{{Cite web |title=Real Time Billionaires |url=https://www.forbes.com/real-time-billionaires/ |access-date=2023-01-27 |website=Forbes |language=en}}</ref> He was listed as one of the [[Time 100|100 most influential people in the world]] by ''[[Time (magazine)|Time]]'' magazine in 2019.<ref name="TIME-2019-MI">{{cite news |last=Mahindra |first=Anand |author-link=Anand Mahindra |title=100 Most Influential People - Mukesh Ambani |url=https://time.com/collection/100-most-influential-people-2019/5567845/mukesh-ambani/ |date= |magazine=[[Time (magazine)|Time]] |access-date=19 May 2023 }}</ref> | ||
== Early life == | == Early life == | ||
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|} | |} | ||
==Stock manipulation and penalty== | |||
==Stock manipulation and penalty== | For [[Market manipulation|manipulating shares]] of [[Reliance Petroleum]] Limited (RPL), Reliance Industries was fined Rs. 950 crore (9.5 billion), split into 447 crore (4.47 billion) in retracted gains and 500 crore (5 billion) in interest in 2007.<ref>{{Cite web|url=https://scroll.in/latest/982968/sebi-fines-reliance-industries-mukesh-ambani-rs-40-crore-for-manipulative-trades-in-2007|title=SEBI fines Reliance Industries, Mukesh Ambani Rs 40 crore for 'manipulative trades' in 2007|author=Scroll Staff|website=Scroll.in|date=2 January 2021 }}</ref> In April 2006, RPL went public as a Reliance subsidiary at a price of Rs. 60 per share. The market crashed by 30% after it floated at roughly Rs. 100, and RPL was back at 60. In accordance with [[Securities and Exchange Board of India]] directive, RIL carried out an organised operation with the help of its agents in order to obtain unauthorised profits from the trading of its formerly listed unit, RPL, which was combined with the former in 2009.<ref>{{Cite news|url=https://www.thehindu.com/business/Industry/sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-in-rpl-case/article33474227.ece|title=Reliance Petroleum case | SEBI fines Reliance Industries, Mukesh Ambani, two other entities|newspaper=The Hindu |date=1 January 2021|via=www.thehindu.com}}</ref><ref>{{Cite web|url=https://www.livemint.com/companies/news/rpl-case-sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-11609514042845.html|title=RPL case: Sebi slaps fine on Reliance, Ambani|first=Kalpana|last=Pathak|date=1 January 2021|website=mint}}</ref><ref>{{Cite web|url=https://www.businessinsider.in/business/news/sebi-imposes-penalty-on-mukesh-ambani-and-reliance-industries-for-manipulative-trading/articleshow/80071715.cms|title=SEBI imposes penalty on Mukesh Ambani and Reliance Industries for manipulative trading|website=Business Insider}}</ref><ref>{{Cite news|url=https://www.reuters.com/article/india-reliance-penalty-idUSKBN2962DY|title=India's Reliance Industries and chairman fined over share trades|newspaper=Reuters |date=1 January 2021|via=www.reuters.com}}</ref><ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2017-03-27/reliance-industries-falls-after-manipulation-charge-trading-ban|title=Reliance Industries Falls After Manipulation Charge, Trading Ban|newspaper=Bloomberg |date=27 March 2017|via=www.bloomberg.com}}</ref> | ||
For [[Market manipulation|manipulating shares]] of [[Reliance Petroleum]] Limited (RPL), Reliance Industries was fined Rs. 950 crore ( | |||
== Personal life == | == Personal life == | ||
[[File:Ambani Family at reception of Deepika and Ranveer 2018.jpg|thumb|260x260px|The [[Ambani]] Family at the reception of [[Deepika Padukone]] and [[Ranveer Singh]] in 2018.<ref>{{Cite web |title=Meet the Ambanis, the richest family in Asia, who live in a $1 billion skyscraper and mingle with royals, politicians, and Bollywood stars |url=https://www.businessinsider.in/meet-the-ambanis-the-richest-family-in-asia-who-live-in-a-1-billion-skyscraper-and-mingle-with-royals-politicians-and-bollywood-stars/articleshow/67150327.cms |access-date=11 February 2022 |website=Business Insider |archive-date=11 February 2022 |archive-url=https://web.archive.org/web/20220211022414/https://www.businessinsider.in/meet-the-ambanis-the-richest-family-in-asia-who-live-in-a-1-billion-skyscraper-and-mingle-with-royals-politicians-and-bollywood-stars/articleshow/67150327.cms |url-status=live }}</ref>]] | |||
He married [[Nita Ambani]] in 1985 and they have two sons, Akash and Anant, and a daughter, Isha, who is Akash's twin.<ref name="marriage" /><ref>{{cite web|url=http://www.indiatvnews.com/business/india/born-rich-india-s-young-billionaire-heirs-and-heiresses--3676.html|title=India's young billionaire heirs and heiresses|date=28 November 2012|publisher=[[India TV]]|access-date=10 August 2021}}</ref> They met after his father attended a dance performance which Nita took part in and thought of the idea of arranging a marriage between the two.<ref>{{Cite news|first=Priyanka|last=Vartak|url=http://www.freepressjournal.in/business/nita-ambanis-story-from-school-teacher-to-indias-wealthiest-woman-is-worth-a-read/1175962|archive-url=https://web.archive.org/web/20171124102203/https://www.freepressjournal.in/business/nita-ambanis-story-from-school-teacher-to-indias-wealthiest-woman-is-worth-a-read/1175962|title=Nita Ambani's story, from school teacher to India's wealthiest woman, is worth a read!|date=24 November 2017|work=[[The Free Press Journal]]|archive-date=24 November 2017|access-date=10 August 2021|url-status=dead|language=en-GB}}</ref> | He married [[Nita Ambani]] in 1985 and they have two sons, Akash and Anant, and a daughter, Isha, who is Akash's twin.<ref name="marriage" /><ref>{{cite web|url=http://www.indiatvnews.com/business/india/born-rich-india-s-young-billionaire-heirs-and-heiresses--3676.html|title=India's young billionaire heirs and heiresses|date=28 November 2012|publisher=[[India TV]]|access-date=10 August 2021}}</ref> They met after his father attended a dance performance which Nita took part in and thought of the idea of arranging a marriage between the two.<ref>{{Cite news|first=Priyanka|last=Vartak|url=http://www.freepressjournal.in/business/nita-ambanis-story-from-school-teacher-to-indias-wealthiest-woman-is-worth-a-read/1175962|archive-url=https://web.archive.org/web/20171124102203/https://www.freepressjournal.in/business/nita-ambanis-story-from-school-teacher-to-indias-wealthiest-woman-is-worth-a-read/1175962|title=Nita Ambani's story, from school teacher to India's wealthiest woman, is worth a read!|date=24 November 2017|work=[[The Free Press Journal]]|archive-date=24 November 2017|access-date=10 August 2021|url-status=dead|language=en-GB}}</ref> | ||
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Ambani was titled "The World's Richest Sports Team Owner" after his purchase of the [[Indian Premier League|IPL]] cricket team [[Mumbai Indians]] for $111.9 million in 2008.<ref>{{Cite news|url=http://www.espncricinfo.com/ipl/content/story/333193.html|title=Big business and Bollywood grab stakes in IPL|publisher=[[ESPNcricinfo]]|date=24 January 2008|access-date=10 August 2021|language=en}}</ref><ref>{{Cite news|url=https://www.forbes.com/sites/kurtbadenhausen/2018/03/07/the-worlds-richest-sports-team-owners-2018/|title=The World's Richest Sports Team Owners 2018|last=Badenhausen|first=Kurt|work=[[Forbes]]|date=7 March 2018|access-date=1 August 2018|language=en}}</ref> | Ambani was titled "The World's Richest Sports Team Owner" after his purchase of the [[Indian Premier League|IPL]] cricket team [[Mumbai Indians]] for $111.9 million in 2008.<ref>{{Cite news|url=http://www.espncricinfo.com/ipl/content/story/333193.html|title=Big business and Bollywood grab stakes in IPL|publisher=[[ESPNcricinfo]]|date=24 January 2008|access-date=10 August 2021|language=en}}</ref><ref>{{Cite news|url=https://www.forbes.com/sites/kurtbadenhausen/2018/03/07/the-worlds-richest-sports-team-owners-2018/|title=The World's Richest Sports Team Owners 2018|last=Badenhausen|first=Kurt|work=[[Forbes]]|date=7 March 2018|access-date=1 August 2018|language=en}}</ref> | ||
Mukesh Ambani is a strict vegetarian and [[Teetotalism|teetotaler]].<ref>{{cite web|url=https://www.thomaswhite.com/global-perspectives/mukesh-ambani-reliance-industries-chairman/|archive-url=https://web.archive.org/web/20130615035436/https://www.thomaswhite.com/global-perspectives/mukesh-ambani-reliance-industries-chairman/|title=Mukesh Ambani is India's richest man for the second year in a row|website=thomaswhite.com|date=1 June 2010|archive-date=15 June 2013|access-date=9 April 2018|url-status=dead}}</ref> | Mukesh Ambani is a strict vegetarian and [[Teetotalism|teetotaler]].<ref>{{cite web|url=https://www.thomaswhite.com/global-perspectives/mukesh-ambani-reliance-industries-chairman/|archive-url=https://web.archive.org/web/20130615035436/https://www.thomaswhite.com/global-perspectives/mukesh-ambani-reliance-industries-chairman/|title=Mukesh Ambani is India's richest man for the second year in a row|website=thomaswhite.com|date=1 June 2010|archive-date=15 June 2013|access-date=9 April 2018|url-status=dead}}</ref> | ||
During the fiscal year ending 31 March 2012, he reportedly decided to forgo nearly ₹240 million from his annual pay as chief of [[Reliance Industries Ltd]] (RIL). He elected to do this even as RIL's total remuneration packages to its top management personnel increased during that fiscal year. Mukesh Ambani holds a 50.4% stake in the company.<ref>{{cite news |url=https://www.bloomberg.com/news/articles/2012-03-05/ambani-backed-by-india-power-is-asia-s-no-1-billionaire|title=Mukesh Ambani Backed by India Power Holdings Proves Asia's Top Billionaire |last1=Chu |first1=Patrick |last2=Idayu Ismail |first2=Netty |date=5 March 2012 |work=[[Bloomberg News|Bloomberg]]|access-date=10 August 2021}}</ref> This move kept his salary capped at ₹150 million for the fourth year in a row.<ref>{{cite news| url=http://timesofindia.indiatimes.com/business/india-business/Mukesh-Ambani-forgoes-Rs-23-82-crore-from-his-pay-package/articleshow/13064719.cms | work=[[The Times of India]] | title=Mukesh Ambani forgoes Rs 23.82 crore from his pay package|date=9 May 2012|access-date=15 January 2022}}</ref> | During the fiscal year ending 31 March 2012, he reportedly decided to forgo nearly ₹240 million from his annual pay as chief of [[Reliance Industries Ltd]] (RIL). He elected to do this even as RIL's total remuneration packages to its top management personnel increased during that fiscal year. Mukesh Ambani holds a 50.4% stake in the company.<ref>{{cite news |url=https://www.bloomberg.com/news/articles/2012-03-05/ambani-backed-by-india-power-is-asia-s-no-1-billionaire|title=Mukesh Ambani Backed by India Power Holdings Proves Asia's Top Billionaire |last1=Chu |first1=Patrick |last2=Idayu Ismail |first2=Netty |date=5 March 2012 |work=[[Bloomberg News|Bloomberg]]|access-date=10 August 2021}}</ref> This move kept his salary capped at ₹150 million for the fourth year in a row.<ref>{{cite news| url=http://timesofindia.indiatimes.com/business/india-business/Mukesh-Ambani-forgoes-Rs-23-82-crore-from-his-pay-package/articleshow/13064719.cms | work=[[The Times of India]] | title=Mukesh Ambani forgoes Rs 23.82 crore from his pay package|date=9 May 2012|access-date=15 January 2022}}</ref> | ||
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In early 2019, a court in Mumbai held his younger brother, [[Anil Ambani]], in criminal contempt for non-payment of personally guaranteed debt Reliance Communications owed to Swedish gearmaker [[Ericsson]]. Instead of jail time, the court gave Anil a month to come up with the funds. At the end of the month, Mukesh bailed out his younger brother, paying the debt.<ref name="sibling_rivalry">{{cite news |last1=Altstedter |first1=Ari |last2= Sanjai|first2=P. R. |title=Mukesh Ambani Won the World's Most Expensive Sibling Rivalry |url=https://www.bloomberg.com/news/features/2020-06-03/mukesh-ambani-won-the-world-s-most-expensive-sibling-rivalry |access-date=10 August 2021 |work=[[Bloomberg Businessweek]] |date=3 June 2020}}</ref> | In early 2019, a court in Mumbai held his younger brother, [[Anil Ambani]], in criminal contempt for non-payment of personally guaranteed debt Reliance Communications owed to Swedish gearmaker [[Ericsson]]. Instead of jail time, the court gave Anil a month to come up with the funds. At the end of the month, Mukesh bailed out his younger brother, paying the debt.<ref name="sibling_rivalry">{{cite news |last1=Altstedter |first1=Ari |last2= Sanjai|first2=P. R. |title=Mukesh Ambani Won the World's Most Expensive Sibling Rivalry |url=https://www.bloomberg.com/news/features/2020-06-03/mukesh-ambani-won-the-world-s-most-expensive-sibling-rivalry |access-date=10 August 2021 |work=[[Bloomberg Businessweek]] |date=3 June 2020}}</ref> | ||
In 2021, he was the subject of a [[bomb scare]] when a green [[Mahindra Scorpio]] [[SUV]] packed with explosives [[Antilia bomb scare|was found near]] a Mumbai skyscraper housing Ambani.<ref>{{Cite news|url=https://www.ft.com/content/19a30cd2-5ec4-4105-a971-294d6ac541cf|title=Mukesh Ambani bomb scare brings Mumbai's dirty politics into the open|newspaper=Financial Times |date=4 April 2021}}</ref> | In 2021, he was the subject of a [[bomb scare]] when a green [[Mahindra Scorpio]] [[SUV]] packed with explosives [[Antilia bomb scare|was found near]] a Mumbai skyscraper housing Ambani.<ref>{{Cite news|url=https://www.ft.com/content/19a30cd2-5ec4-4105-a971-294d6ac541cf|title=Mukesh Ambani bomb scare brings Mumbai's dirty politics into the open|newspaper=Financial Times |date=4 April 2021}}</ref> | ||
== References == | == References == | ||
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== External links == | == External links == | ||
* [http://www.ril.com/OurCompany/Leadership/Chairman-And-Managing-Director.aspx Profile] at [[Reliance Industries]] | * [http://www.ril.com/OurCompany/Leadership/Chairman-And-Managing-Director.aspx Profile] at [[Reliance Industries]] | ||
* [https://www.forbes.com/profile/mukesh-ambani/ Profile] at [[Forbes]] | * [https://www.forbes.com/profile/mukesh-ambani/ Profile] at [[Forbes]] | ||
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* {{Britannica|1710517}} | * {{Britannica|1710517}} | ||
* {{Internet Archive author|sname=Mukesh Ambani}} | * {{Internet Archive author|sname=Mukesh Ambani}} | ||
{{Reliance Group}} | {{Reliance Group}} | ||
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[[Category:Indian billionaires]] | [[Category:Indian billionaires]] | ||
[[Category:Indian businesspeople in the oil industry]] | [[Category:Indian businesspeople in the oil industry]] | ||
[[Category:Indian businesspeople in telecommunications]] | |||
[[Category:Indian Hindus]] | [[Category:Indian Hindus]] | ||
[[Category:Indian industrialists]] | [[Category:Indian industrialists]] | ||
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[[Category:Victims of bomb threats]] | [[Category:Victims of bomb threats]] | ||
[[Category:Centibillionaires]] | [[Category:Centibillionaires]] | ||
[[Category:Businesspeople from Gujarat]] | |||