Photo: The India Today Group via Getty Images Nita … During the Covid-19 lockdown, Ambani raised more than $20 billion selling a third of Jio to a string of investors, such as Facebook and Google. Corporate : Anil Dhirubhai Ambani is one of India's leading business leaders and founder of the Reliance Group; whose constituent business enterprises are engaged in pivotal roles in the ongoing economic transformation of India. Shares of Reliance Industries Ltd. surged 48 percent in the past 12 months and touched a record high on April 1. U.S. private equity firm General Atlantic will invest 36.75 billion rupees ($498 million) in the retail business of Mukesh Ambani’s Reliance Industries. After his father's death in 2002, Ambani and his younger sibling Anil divvied up the family empire. Mukesh Ambani chairs and runs $88 billion (revenue) Reliance Industries, which has interests in petrochemicals, oil and gas, telecom and retail. In 2016, Reliance sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio. © 2021 Forbes Media LLC. During Corona Lockdown, Ambani's wealth zoomed from $58 billion to hit $88 billion in Sept 2020. pic.twitter.com/dxZgk7faRj. Ambani's net worth of $60.4 billion has catapulted him into ninth position in the rankings of the world’s wealthiest people. Additionally, Reliance Group has been achieving success through its investments in the Middle East, most notably in the UAE, where its headquartered are located, with business activities focused on producing gasoline, kerosene, distillate fuel oils, residual fuel oils, and lubricants. Mukesh Ambani's BMW takes power from 6.0L, V12 engine comes with 620 bhp power. Mukesh Ambani is a big winner among the half who gained despite the pandemic. Ambani’s e-commerce plans have already won the support of investors. Do you think that farmers are right to worry about their sector from the threat of private businesses? Despite the drop, he’s still one of the ten richest people in the world. Fact: India's GDP and Ambani's Wealth are Inversely Proportional. Reliance Industries chairman Mukesh Ambani with his mother Kokilaben and his wife Nita in 2010. The rally in RIL shares was such that it helped Mukesh Ambani climb up the billionaires’ ranks to become the world’s fourth richest with a fortune of nearly $90 billion. pic.twitter.com/boDRDbrt8v. Mukesh Ambani spearheaded the foundation of the world's largest grassroots petroleum refinery at Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure. The U.S. private equity giant is paying $1.5 billion for a 2.3% stake in Mukesh Ambani's telecom and digital business. Protestors specifically refer to 2017 statements made by the country's wealthiest man to invest in the agricultural sector. Axis Bank initiated insolvency proceedings for Vidarbha Industries Power. He leads a number of stock listed corporations including Reliance Capital, Reliance Infrastructure, Reliance Power and Reliance Communications. Ambani's U.S.-educated daughter Isha's marriage to fellow billionaire Ajay Piramal's son in December 2018 drew 10,000 guests, including Hillary Clinton. Yet, Ambani's wealth increased by $22 billion. In 2010, Reliance was able to set up the largest petroleum refinery plant in the city of Jamnagar. But to keep the unicorn alive, they may have no choice. He is the second richest person in Asia with a net worth of US$76.5 billion, and as of 3 December 2020, the 11st richest in the world. Ambani reportedly had to pay Rs 8.5 crore for this car. View mukesh ambani’s profile on LinkedIn, the world’s largest professional community. 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