Mukesh Ambani
Mumbai, India
Bachelor of Science in Engineering, University of Bombay | Drop Out, Stanford University
India
Reliance Industries
petrochemicals, oil & gas
$49,500,000,000
13
#13 Billionaires 2019
#1 India's Richest 2018
Mukesh Ambani chairs and runs $90 billion (revenue) oil and gas giant Reliance Industries, among India's most valuable companies.Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer.After his father's death in 2002, Ambani and his younger sibling Anil divvied up the family empire.In 2016, Reliance sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio.Jio has signed on more than 300 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones.
Reliance owns Network18, a licensee of Forbes Media.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.
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