There is hardly anyone in India who does not know about the Ambani family. Now the fame of this family is not limited to India only, but now it is one of the richest families in the world. Now the richest family in Asia is an Indian family. In this article we will discuss the legacy of the Ambani family.
Dhirubhai Ambani Nerakhini Foundation
This great legacy of the Ambani family started with Dhirubhai Ambani. She is the second child of Gordhanbhai Ambani and Jamunaben Hirachand Ambani and was born on 28 December 1932. He was the main man behind the legacy that established a billion-dollar empire. He laid the foundation of Reliance Industries and this legacy has continued ever since.
He started helping his father in business at an early age. He even gave up his MBA from Stanford University to help his father in business.
2005 divestiture of HuaReliance Industries
Dhirubhai died in 2002 at the age of 69 without a will. He believed that his two sons Mukesh and Anil had control over the company. After the death of their father, there was a fight for succession between the two brothers and this resulted in a rivalry between Mukesh and Anil.
In 2005, the brothers split the company in a deal brokered by their mother, leaving Mukesh in control of the oil, gas, petrochemicals and refining operations of the business. Anil handled construction, telecom, asset management, entertainment and power generation businesses.
Where does business reach the pinnacleMukesh Ambani
After the split, Mukesh Ambani became the Chairman and Managing Director of Reliance Industries Limited. Shares of Mukesh Ambani’s conglomerate Reliance Industries rose in 2017 on better refining margins and demand generated by its telecom arm, Reliance Jio.
The oil and gas tycoon sparked a price war in India’s hyper-competitive telecom market with the launch of 4G service Jio in 2016. Jio has since added about 140 million customers (Reliance also owns Network18, which is a licensee of Forbes Media). Apart from this, one of their teams in IPL is Mumbai Indians.
join the world’s richest families
Mukesh became Asia’s richest person in July 2018, surpassing Alibaba Group founder Jack Ma. Today, 61-year-old Mukesh Ambani is the chairman and largest shareholder of Reliance Industries Limited. The company’s chairman and largest shareholder is Mukesh Ambani, Asia’s richest man, worth an estimated $42.7 billion, according to the Bloomberg Billionaires Index.
family information
The Ambani family home in Mumbai, a 27-storey skyscraper, cost an estimated $1 billion to build. Mukesh Ambani is married to Nita Ambani and has three children, Akash Ambani, Isha Ambani and Anant Ambani. Mukesh’s daughter Isha Ambani married real estate and pharmaceutical businessman Anand Piramal in 2018.
600 guests attended the extravagant wedding, which was estimated to cost $100 million according to some reports. However, a Reliance spokesperson said its price does not exceed $15 million.
Anyway, who cares about money in a rich family’s wedding? Akash is also engaged to his high school sweetheart Shloka Mehta, who is the daughter of a famous diamond merchant.
