Tuesday, January 17, 2023

Mukesh Ambani

Indian businessman Mukesh Ambani owns a net worth $86 billion. Mukesh Ambani made his wealth through his work as a director at Reliance Industries, a Fortune 500 firm, where he is the chairman, managing director, and the biggest shareholder.Mukesh Dhirubhai Ambani was born on 19 April 1957 in the British Crown colony of Aden in the present-day Yemen. He is the elder brother of a younger sister and a father to two children. The family relocated to India in the year 1958, where his father founded a trading firm in textiles and spices in Mumbai. In 1980 the Indian government allowed the manufacturing of polyester filament (PFY). The father of Ambani was among the applicants to set up the PFY manufacturing facility. He beat more than 40 other applicants for the approval. Ambani was the eldest son of the family. His father, who valued practical experiences over academic knowledge was the reason he opted to drop him from Stanford's MBA program to help build the PFY facility. Following the death of executive director Rasikbhai Meswani's death, and the stroke of his father in 1986, responsibility for the business was transferred to Ambani and his brother Anil. 



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