BILLIONAIRE SUCCESS STORY : Mukesh Ambani - Reliance Industries

Born: April 19, 1957-Aden, Yemen
Age: 50
Country Of Citizenship: India
Residence: Mumbai, India
Occupation: Chairman, Managing Director of Reliance Industries
Net worth: US$49 billion
Salary: INR 304.6 million
Fortune: Inherited and growing
Source: Petrochemicals
Industry: Manufacturing
Marital Status: married, 3 children
Spouse: Nita Ambani
Education: University of Bombay, Bachelor of Arts / Science
Stanford University, Master of Business Administration
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Mukesh Ambani was in born April 19, 1957 in Yemen is an Indian businessman. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 company. His personal stake in Reliance Industries is 48%. His wealth is valued at US$49 billion (according to Forbes India's 40 Richest list,14-11-07), making him the second richest person in India behind steel tycoon Lakshmi Mittal. On 29th October 2007, as a result of a strong share price rally in his group companies, Ambani was thought to have become the richest man in the world with a net worth of $63.2 billion, as reported by news media in India. However, this claim was refuted by Reliance Industries, which said that the calculations regarding his wealth were inaccurate. Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani.

Mukesh Ambani holds a Bachelor of Chemical Engineering from the University Department of Chemical Technology (UDCT), (now University of Mumbai, Institute of Chemical Technology (UICT)). He began the MBA program at Stanford Business School, but dropped out after his first year in order to assist in his father's ongoing efforts to build the Patalganga petrochemical Plant.

Mukesh Ambani joined Reliance in 1981 and initiated Reliance's backward integration from textiles into polyester fibres and further into petrochemicals. In this process, he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance's manufacturing capacities from less than a million tonnes to twelve million tonnes per year.
He directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, Gujarat, India, with a present capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $26 billion USD).

Mukesh Ambani set up one of the largest telecommunications companies in India in the form of Reliance Communications (formerly Reliance Infocomm) Limited. However, Reliance Infocom now is under ADAG (Anil Dhirubhai Ambani Group) post the brothers' split.

Mukesh Ambani is also steering Reliance's initiatives in a world scale, offshore, deep water oil and gas exploration and production program, a pan-India petroleum retail network involving 5,800 outlets and a research-led life sciences initiative covering medical, plant and industrial biotechnology.
He is the person which has capability to handle lot of works in jamnagar he started reliance petro limited and he required 2000 welders.... this is very big number to find from gujarat than he started a training on how to do welding and after 2 months he found 2000 welders he has good decision making ability.

The combined market capitalization of the four Mukesh Ambani Group companies -- Reliance Industries, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd (RIIL) has crossed the Rs 500,000 crore mark. The total promoter holding in these companies is worth over Rs 200,000 crore (US$ 50 billion). On 26th Sept 2007, Ambani was declared 5th richest person in the world, next to Carlos Slim Helú, Bill Gates and Warren Buffet.

As of 5th October 2007, his net worth was calculated at $55.8 billion, making him world's 3rd wealthiest person after Carlos Slim Helú ($68b) and Bill Gates ($59b).

On 29th October 2007, as a result of a rally in the share prices of his companies, Ambani was declared the richest man in the world by the Indian news media, who pegged his net worth at US$63.2 billion. However, Reliance Industries clarified a day later that Ambani was not the richest man in the world, and that calculations regarding his wealth were incorrect.

Ambani is the son of one of the most prominent businessman in India, the late Dhirubhai Ambani, a Gujarati entrepreneur. His brother Anil Ambani heads other companies in the Reliance Group. The Ambani brothers had a well-publicized spat after their father's death, which led to the Reliance Group being split between the two.

Mukesh Ambani is married to Nita Ambani, who looks after the social and charitable arm of Reliance Industries. They have 3 children: Akash, Isha and Anant.

Ambani is currently building a US$1 billion residential building, Antilia in Mumbai for his family. It is expected to be ready in September 2008.

He gifted his wife Nita a jet plane worth Rs.245-crore(US$62 million) recently during her birthday.

References
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Forbes.com - Mukesh Ambani
Reliance Industries Limited
MumbaiMirror.com
Rediff News
Blogging Stocks
Business Standard
Times of India
Portfolio.com
All Head Line News
Hindustan Times

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