Mukesh Ambani's journey and fortune, the richest man in Asia

By fashionlifeshopping 17/12/2022 1218 Views

Mukesh Ambani is considered to be one of the monuments of Indian capitalism.He is at the head of a considerable fortune and reliance industries, a conglomerate of textiles and energy, having the largest oil refining complex in the world.Zoom on the richest and most powerful man's journey in Asia.

Thanks to an empire created by his father and developed by him, Mukesh Ambani managed to dethrone Jack Ma this summer and to position himself in the first place of the richest men in Asia.This businessman has a piercing strategic vision and great ambitions for his group.He leads a very glorious life and does not deprive himself of anything.This can be seen with its luxurious accommodation: a 27 -storey house.He even invited the star of Pop Beyoncé to his daughter's wedding.

It is also animated by a desire to democratize new technologies in India and worked on the most affordable smartphone in the world, with the tech google giant.Together, they imagined a mobile phone at 6,400 rupees (74 euros).Future customers will have the opportunity to pay an initial sum of 1,999 rupees (23 euros) and pay the rest in several times.Mukesh Ambani said through a press release that the Jiophone Next was a "revolutionary apparatus" who was going to "give power to the ordinary Indians (...) and pass their digital trips to a higher level.»»

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Who is Mukesh Ambani, the CEO of LIBER -STRIANACE INDUSTS LIMITED?

Mukesh Ambani, 64, is the head of a fortune of $ 94.3 billion, this Monday, November 22.He graduated in chemistry and got involved at the University of Stanford for an MBA, but did not go after two compulsory years to obtain the diploma.

Mukesh Albani is the largest religious shareholder and has 48% of the shares.The company intervenes in several areas: petroleum industry, textiles and chemistry.In addition, Ril is also active in the large distribution and telecommunications sectors.Indeed, in 2016, the group's CEO launched the telecom operator Jio, who then developed and gave birth to optical fiber (Jio Fiber) and e-commerce (Jiomart).This group is also strongly linked to the Jiophone Next which we were talking about earlier.

Today, all of its activities are gathered under the banner of the giant portal Jio Platforms.The large group does not stop there and also manages a retail distribution network which guarantees the link between thousands of Indian farmers and suppliers and millions of consumers, through a chain of more than 1,000 stores throughout thecountry.

Le parcours et la fortune de Mukesh Ambani, l’homme le plus riche d’Asie

If Mukesh Ambani has become one of the most powerful businessmen in the world and dethroned Jack Ma, it is thanks to a fundraising of $ 20 billion carried out this summer with America investors andGulf.It is also recognized for its very developed meaning for business, but also for politics. Comme le rapporte Le Monde, les traders à Dalal Street, la Bourse de Bombay, considèrent que Mukesh Ambani est « le seul patron qui a compris l’intérêt de passer de l’industrie lourde aux datas, le pétrole du futur»».

Mukesh Ambani: an inherited or built fortune?

In 1960, a textile company was born.At the origin of this project, Dhirubhai Ambani, the father of Mukesh Ambani.He built his company from zero and the way to grow over the years.When the company begins to generate significant profits, the father and his family decide to move to one of the best districts of Mumbai.

In 1981, Mukesh Ambani joined the company Reliance.Thanks to this shattering arrival, the new CEO of the group has made major decisive strategic decisions: it has started the reorientation of the cotton company to synthetic fiber.He also created the largest oil refinery in India, based in Gujarat, which displays a production capacity of 660,000 barrels per day.

In the 80s, Mukesh Ambani set himself the objective of diversifying the activity of the group.In 1987, he launched Reliance Infocom, a telecommunications group today managed by his brother, Anil Ambani.

The Patriarch, Dhirubhai, died in 2002 at the age of 69, leaving the company to his two successors: Mukesh and his younger brother, Anil.Following the dramatic event, a conflictual relationship was born between the two brothers.In the end, it is Mukesh who continues to pilot the majority of reliance.

In 2006, the group divided its activities into two.Mukesh Ambani takes care of the petrochemical industry and large distribution.His brother, meanwhile, inherits telecom, entertainment and energy branches.In addition, Mukesh Ambani holds the first league football team, the Mumbai Indians.

The billionaire has great ambitions for India.It is indeed obsessed with the project to connect whole India to broadband Internet, at an affordable price.This idea came to him from his two twin children: Akash and Isha, both aged 28 years.Their proposals have been inspiring him for many years now and help him sophistize his business.His sons entered the family group in 2014 and are constantly imposing their ingenious ideas.They sit on the advice of Jio Platforms with their youngest.Thanks to them, Facebook entered the capital, in April.

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Mukesh Ambani: A dream life that inspires Bollywood

Mukesh Ambani is such an inspiring and spectacular character that his life inspired a Bollywood film.The businessman leads a luxurious existence and lives in one of the most expensive houses in the world: a 27 -storey building with several swimming pools, Heliports and a Spa.According to real estate experts, the value of the house is around $ 400 million and construction has cost more than a billion dollars.Antilia (it's her name) also includes several ballrooms, a three -story garden, a six -story parking, three helpers and can withstand a magnitude 8 earthquake.To manage such a place, a consistent team of several people was mobilized to maintain the house.

In 2018, the most powerful man in Asia organized his daughter's marriage.This event would have cost the modest sum of $ 100 million, according to some.However, a spokesperson for reliance said that it had not cost more than $ 15 million.The list of guests included show business stars, politicians and businessmen, like Beyoncé, Hillary Clinton, etc..

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A historical fall in Reliance actions

Reliance industries actions borne a fall of 4.18%.This regression follows the company's declaration last week to want to reassess, with Saudi Aramco, a proposal for a sale of $ 15 billion in its oil-chemistry branch.

Nevertheless, the cessation of the sale of participation should not prejudice the activities and the sustainability of reliance.The group indeed has other differentiating factors, like a high resumption of refining margins, a possible increase in telecommunications prices and a solid detail activity, according to Sumit Pokharna, vice-president of research atKotak Securities.

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