Indian businessman Mukesh Ambani is a billionaire with a net worth $86 billion. Mukesh Ambani earned his net worth through his career in Reliance Industries, a Fortune 500 firm, which is where he serves as chairman of the board, managing director, and the largest 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 younger brother of and two sisters. The family returned to India in 1958, where his father started an enterprise trading with a focus on textiles and spices in Mumbai. In the year 1980, the Indian government allowed the production of polyester filament yarn (PFY). Ambani's father applied to get the necessary license to set up a PFY manufacturing plant. He beat more than forty other applicants to get the approval. Ambani was the eldest child of the family. His father, who valued hands-on experiences over academic knowledge and pushed him out of Stanford's MBA program to assist in the construction of the facility. Following the death of executive director Rasikbhai Meswani's death, and his father's stroke in 1986, responsibility for the company shifted to Ambani and his brother Anil.
Wednesday, January 18, 2023
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