A Mega-Thread on the 11th richest man of the world, an Indian billionaire who earns 90 crores every hour
Mukesh Dhirubhai Ambani
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Mukesh Dhirubhai Ambani
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1) Mukesh Ambani was born on 19 April 1957 in the British Crown colony of Aden (present-day Yemen) to Dhirubhai and Kokilaben.
2) He lived barely in Yemen as his father decided to move back to India to start a trading business that focused on spices and textiles.
2) He lived barely in Yemen as his father decided to move back to India to start a trading business that focused on spices and textiles.
3) When Mukesh was young, his family lived in a simple 2-bedroom apartment in Mumbai.
4) He was hardly given pocket money during his youth and always used to travel in public transport.
4) He was hardly given pocket money during his youth and always used to travel in public transport.
5) During his school days, he had a passion for hockey. He in fact lost his interest in studies due to this.
6) He attended the Hill Grange High School at Peddar Road, Mumbai, along with Anand Jain (now the Chairman of Jai Corp Limited), who later became his close associate.
6) He attended the Hill Grange High School at Peddar Road, Mumbai, along with Anand Jain (now the Chairman of Jai Corp Limited), who later became his close associate.
7) After his secondary schooling, he studied at St. Xavier's College, Mumbai.
8) He then received a BE degree in chemical engineering from the Institute of Chemical Technology.
8) He then received a BE degree in chemical engineering from the Institute of Chemical Technology.
9) In the 1980s, He was studying MBA at the Ivy-league school Stanford University in California but had to drop out to return to India and join his family business.
10)Dhirubhai Ambani got a license to set up a polyester plant, which was very crucial to the business.
10)Dhirubhai Ambani got a license to set up a polyester plant, which was very crucial to the business.
11) He asked Mukesh to drop out and help him set up the manufacturing site.
12) Dhirubhai believed that real-life skills were harnessed through experiences and not by sitting in a classroom.
13)After joining, Mukesh reported daily to Rasikbhai, then executive director.
12) Dhirubhai believed that real-life skills were harnessed through experiences and not by sitting in a classroom.
13)After joining, Mukesh reported daily to Rasikbhai, then executive director.
14) The company was being built from scratch with the principle of everybody contributing to the business and not heavily depending on selected individuals.
15) Dhirubhai treated him as a business partner allowing him the freedom to contribute even with little experience.
15) Dhirubhai treated him as a business partner allowing him the freedom to contribute even with little experience.
16) This principle came into play after Rasikbhai's death and with Dhirubhai suffering a stroke in 1986 when all the responsibility shifted to his sons.
17) Mukesh set up Reliance Infocomm (Reliance Jio), which was focused on information and communications technology.
17) Mukesh set up Reliance Infocomm (Reliance Jio), which was focused on information and communications technology.
18) At the age of 24, he was given charge of the Patalganga plant when the company was heavily investing in petrochemicals.
19) In 2002, Dhirubhai died which elevated tensions between the brothers as Dhirubhai had not left a will for the distribution of the empire.
19) In 2002, Dhirubhai died which elevated tensions between the brothers as Dhirubhai had not left a will for the distribution of the empire.
20) In 2004, their mother intervened to stop the feud, splitting the company into two, Mukesh receiving control of Reliance Industries.
21) He led the creation of the world's largest grassroots petroleum refinery at Jamnagar.
21) He led the creation of the world's largest grassroots petroleum refinery at Jamnagar.
22) In 2019, a court held Anil Ambani in criminal contempt for non-payment of personally guaranteed debt (Rcom) owed to Ericsson.
23)Instead of jail time, the court gave Anil a month to come up with the funds. In the end, Mukesh bailed out his younger brother, paying the debt.
23)Instead of jail time, the court gave Anil a month to come up with the funds. In the end, Mukesh bailed out his younger brother, paying the debt.
24)Professor William Sharpe and Man Mohan really made an impact on Mukesh during his academia as he mentions they were the professors who made him think out of the box.
25)For Mukesh, father Dhirubhai took on the unofficial role of matchmaker.
25)For Mukesh, father Dhirubhai took on the unofficial role of matchmaker.
26)Nita, a trained Bharatanatyam dancer, was doing a routine at a cultural dance show when she charmed Dhirubhai with her performance. Dhirubhai invited her to meet Mukesh.
27)After just a few meetings, Mukesh decided he wanted to marry Nita.
27)After just a few meetings, Mukesh decided he wanted to marry Nita.
28) However, he didn’t pop the question during a romantic dinner, but while the couple was driving on one of the busiest roads in Mumbai.
29) He stopped the car amid the traffic, insisting that he wouldn’t start it until he’d received Nita’s “yes”. The pair married in 1985.
29) He stopped the car amid the traffic, insisting that he wouldn’t start it until he’d received Nita’s “yes”. The pair married in 1985.
30) Their relationship was in the news when Mukesh gifted Nita a $62 million Airbus A319 for her birthday.
31) The Airbus has a capacity of 180 passengers, has been custom-fitted to include a living room, bedroom, satellite television, WiFi, sky bar, Jacuzzi, and an office.
31) The Airbus has a capacity of 180 passengers, has been custom-fitted to include a living room, bedroom, satellite television, WiFi, sky bar, Jacuzzi, and an office.
32)The taxes paid by Mukesh Ambani along with his firm Reliance Industries makes about 5% of the total tax revenues made by the country.
33) While Mr. Mukesh Ambani is certainly a modest man in many ways, not all his hobbies are so modest.
33) While Mr. Mukesh Ambani is certainly a modest man in many ways, not all his hobbies are so modest.
34)He enjoys collecting cars and currently has nearly 170 vehicles in his possession.
35)Some particularly noteworthy pieces include a fully bulletproof BMW 670Li that cost more than US$250,000 and is bulletproof & can even resist a bomb blast.
35)Some particularly noteworthy pieces include a fully bulletproof BMW 670Li that cost more than US$250,000 and is bulletproof & can even resist a bomb blast.
36) His wife, Neeta, gave him a customized Maybach 62 for his birthday.
37) That car can reach speeds of up to 249km/h, has 18-way power rear seats, wireless headphones, power side sunshades, and a host of other luxurious amenities.
37) That car can reach speeds of up to 249km/h, has 18-way power rear seats, wireless headphones, power side sunshades, and a host of other luxurious amenities.
38) Not just his cars, but his vanity van as well is truly exclusive. It has two bedrooms, a large meeting room, a kitchen, and a sky lounge on the roof.
The van is also fireproof and bulletproof and costs around $5 million.
The van is also fireproof and bulletproof and costs around $5 million.
39) His house Antilla has three helipads enabling the richest Indian to shuttle the world in hours.
40)According to a report in Times Now, Mukesh Ambani is the only businessman in India who gets the Z level security, which costs him nearly 15-16 lakhs per month.
40)According to a report in Times Now, Mukesh Ambani is the only businessman in India who gets the Z level security, which costs him nearly 15-16 lakhs per month.
41) He was titled "The World's Richest Sports Team Owner" after his purchase of the IPL cricket team Mumbai Indians for $111.9 million in 2008.
42) Mukesh Ambani also owns the Indian Super League, which is India’s premium football championship.
42) Mukesh Ambani also owns the Indian Super League, which is India’s premium football championship.
43) According to a report in the Economic Times, Mukesh Ambani earns 90 crores every hour on an average.
Would appreciate a Retweet as it helps us educate more investors
Also, comment below with your personality and we will make a thread on them.
Would appreciate a Retweet as it helps us educate more investors
Also, comment below with your personality and we will make a thread on them.
“We don’t live in Bungalows, Duplexes or Flat, we live in our mind and that is our permanent residence, keep it clean.”
(Mukesh Ambani)
(Mukesh Ambani)
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