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#11
#11

Mukesh Ambani

India

Net Worth

$115B

Source of Wealth

Reliance Industries

Global Rank

#11 of 100

About Mukesh Ambani

Mukesh Ambani is the chairman and managing director of Reliance Industries, India's most valuable company and one of the largest conglomerates in the world. The eldest son of legendary industrialist Dhirubhai Ambani, Mukesh has expanded Reliance from its petrochemical roots into a diversified powerhouse spanning telecommunications, retail, technology, and renewable energy. His strategic vision has not only created enormous shareholder value but has transformed the daily lives of hundreds of millions of Indians.

Ambani's most transformative achievement was the launch of Jio in 2016, a telecommunications network that brought affordable 4G internet to over 450 million subscribers in just a few years. By investing over $35 billion in Jio's infrastructure and offering data at a fraction of competitors' prices, Ambani effectively brought the digital revolution to India's masses. This bold move accelerated India's digital economy, enabled the growth of countless startups, and helped bridge the digital divide for hundreds of millions of people.

Under Ambani's leadership, Reliance has also become India's largest retailer and is now making massive investments in green energy, including solar manufacturing, battery storage, hydrogen production, and carbon fiber. His vision to make India a leader in the clean energy transition demonstrates the same long-term, transformative thinking that has characterized his entire career. Ambani continues to be a driving force in India's emergence as a global economic superpower.

Key Achievements

Launched Jio Telecommunications

Built and launched Jio, India's largest mobile network with over 450 million subscribers, bringing affordable 4G internet to hundreds of millions and catalyzing India's digital economy.

Built India's Largest Company

Grew Reliance Industries into India's most valuable company with a market capitalization exceeding $200 billion, spanning energy, telecom, retail, and technology.

Attracted Global Investment

Raised over $27 billion from global investors including Facebook, Google, KKR, and Silver Lake for Jio Platforms and Reliance Retail, validating India's digital opportunity.

Green Energy Vision

Committed $80 billion to renewable energy and green hydrogen, positioning Reliance and India as leaders in the global clean energy transition.

Retail Revolution

Built Reliance Retail into India's largest retail chain with tens of thousands of stores, connecting millions of small merchants with modern supply chains and digital tools.

Notable Quotes

We have always believed that growth is a way of life. We have to grow at all times.

Mukesh Ambani

I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times.

Mukesh Ambani

Broadband and digital infrastructure are to the 21st century what roads and electricity were to the 20th century.

Mukesh Ambani

Key Decisions

2002

Took charge of Reliance Industries' petrochemicals, refining, and oil and gas operations, focusing on building world-scale manufacturing assets.

2010

Announced the plan to build Jio from scratch, committing over $35 billion to create a nationwide 4G network that would democratize internet access in India.

2016

Launched Jio with free voice calls and ultra-cheap data, disrupting India's telecom industry and bringing affordable internet to hundreds of millions of new users.

2020

Raised $27 billion from global investors for Jio Platforms and Reliance Retail in the midst of the pandemic, making Reliance India's first net-debt-free major company.

2022

Announced an $80 billion investment in new energy and materials businesses, pivoting Reliance toward renewable energy and green hydrogen production.

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