Mukesh Dhirubhai Ambani is an Indian business tycoon. He is the chairman, managing director and the largest shareholder of Reliance Industries Limited (RIL). Since 1981, he started working alongside his father Dhirubhai Ambani in their family business, Reliance. RIL deals mainly in petrochemicals, refining and in the oil and gas sectors. Over the years, the business has expanded to provide products and services like Retail Markets and Telecommunications. In the country’s telecommunication services, Reliance’s Jio has earned a top five spot. It was launched on September 5, 2016. On the Forbes magazine's list for the past ten years, Ambani has consistently held the title of being India's richest person. As of January 2018, by Forbes, he was ranked as the 18th-wealthiest person in the world. With a net worth of $44.3 billion in July 2018, he surpassed Jack Ma, executive chairman of Alibaba Group, to become Asia's richest person. Outside North America and Europe, he is also the wealthiest person in the world. He also owns the Indian Premier League franchise Mumbai Indians. At the Antilia Building, Ambani resides. With its value reaching $1 billion, it is one of the world's most expensive private residences. Early life: Mukesh was born in Aden, Yemen. He was brought up in Mumbai, India. In the early 1970s, in Chemical Engineering, he received his degree from the Institute of Chemical Technology.
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Isha Ambani and Anand Piramal will tie the knot on December 12 in Jodhpur.
Jio's subscriber base was 23.9 crore in August this year, the Telecom Regulatory Authority of India's (Trai) data for the month showed.
"We are delighted to share that the marriage of Isha Ambani and Anand Piramal will take place in the residence of Mukesh Ambani and Nita Ambani in Mumbai with family members and close friends on 12th December, 2018, said a statement late this evening.
He added that India has moved from 155th rank in mobile broadband penetration to being the number one nation in mobile data consumption in the world in less than two years.
The figures in the July-September quarter was primarily due to record earnings from petrochemical business and bumper earnings from retail business and telecom arm made up for a decline in refinery margins.
India might not be the one of the world's richest countries, but it has produced some of the richest businessmen. The country is home to thousands of millionaires, most of whom are business tycoons.
Ambani is also the year's biggest gainer, adding USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service.
RIL chairman Mukesh Ambani topped the list for seventh consecutive year with a wealh of Rs 3,71,000 crore.
The annual list includes only those Indians who have a net worth of Rs 1,000 crore or more. This number has increased from 617 in 2017 to 831 in 2018.
The first priority for RCom, is to resolve its over Rs 40,000 crore debt, Anil Ambani told shareholders at the company's 14th annual general meeting.
Mukesh Ambani now the 11th richest man in world, the increase in Ambani's total wealth is primarily due to the superb performance of Reliance Industries' shares.
Reliance Communications in a regulatory filing said that it has "agreed to pay a settlement amount of Rs 550 crore to Ericsson on or before September 30, 2018".
Reliance Retail has rolled out an online store that offers competitive prices on range of electronics.
The market valuation of Reliance Industries surged past Rs 7 lakh crore mark during Friday morning trade, as Ambani positioned his company to disrupt the e-commerce space in India.
Today's gains increased Ambani’s wealth to more than $42 billion. India’s richest man owns close to 47 per cent in RIL—the owner of the world’s largest oil refining complex.
With USD 142 billion net worth, Bezos tops the ranking of richest persons, according to Bloomberg Billionaires Index.
Ambani has been appointed for a period of five years, which commences from April 19, 2019.
Ambani said that the ultra-high speed fixed line broadband services will be launched for homes and enterprises.
"We will now extend fiber connectivity to homes, merchants, small and medium enterprises and large enterprises simultaneously across 1,100 cities to offer the most advanced fiber-based broadband connectivity solutions," Ambani said.
Reports suggest Ambani might announce the commercial launch of wired broadband service JioFiber and its price plans.
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