Friday, October 8, 2010

4.Mukesh Ambani

Mukesh Ambani (born on 19 April 1957) is an Indian business magnate and the chairman and managing director of Reliance Industries,[4] the largest private sector enterprise in India, a Fortune 500 company.[5], and one of the largest private sector conglomerates in the world.

His personal stake in Reliance Industries is 48%.[6]

As of July 2010, he is the richest man in Asia[2] and the fourth richest man in the world with a personal wealth of US$29.0 billion. On 29 October 2007, there was a strong bull rally in the Indian stock market and the appreciation of the Indian rupee, which boosted the market capitalisation of all Reliance group companies, in which Mukesh Ambani has a very significant stake, resulting in making him the world’s richest man,[7] with net worth climbing to US$63.2 billion leaving Bill Gates behind at around $56 billion.[8][9]

Born 19 April 1957 (1957-04-19) (age 53)
Aden, [1]
Residence Antilia, Mumbai, India
Nationality Indian
Education University of Mumbai (Bachelor of Chemical Engineering)
Stanford University (MBA)
Occupation Chairman & MD of Reliance Industries
Net worth US$29.0 billion (2010)[2]
Religion Hindu
Spouse Nita Ambani
Children Akash, Anant, Isha[3]
Relatives Anil Ambani (Brother)

Family and Early life

Antilia as seen from Altamount Road, MumbaiMukesh Ambani is the eldest son of Dhirubhai Ambani, the late founder of Reliance Industries.

The Ambani family (including parents and brothers) lived in a 2 bedroom apartment in Bhuleshwar, Mumbai until the 1960s.

He has a younger brother, Anil Ambani, is chairman of Reliance Anil Dhirubhai Ambani Group.

[edit] Personal life
He is married to Nita Ambani and has three children, Akash, Anant and Isha.[10] He owns the Indian Premier League team, the Mumbai Indians.

[edit] Career
He joined Reliance Industries in 1981. [11] He initiated Reliance's backward integration journey from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production.

Ambani set up one of the largest and most complex information and communications technology initiative in the world in the form of Reliance Infocomm Limited (now Reliance Communications Limited).

Ambani directed and led the creation of the world’s largest grassroots petroleum refinery at Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure.[12]

In August 2010 Reliance announced a $392 million stake in a USA natural gas interest located in central and northeast Pennsylvania. Reliance has also purchased significant stakes in the shale gas assets of Atlas Energy Inc. and Pioneer Natural Resources. [13]

[edit] Honors and Awards

Ambani (right) with Ratan Naval Tata and U.S. Secretary of State Hillary Rodham ClintonJanuary 2010: School of Engineering and Applied Science of the University of Pennsylvania confers him with the Dean's medal.
Chosen the businessman of the year 2007 by a public poll in India conducted by NDTV
Conferred the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington.
Ranked 42nd among the World's Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London, November 2004.
Conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004.
Chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.
Ranked 13th in Asia's Power 25 list of The Most Powerful
Awarded the "Chitralekha Person of the Year Award -- 2007" by Gujarat Chief Minister Narendra Modi.
Former Chairman of Indian Institute of Management Bangalore(IIM-B).
Fishing Diplomat
Honorary Fellow of IChemE (the Institution of Chemical Engineers)
He is also a member of International Advisory Board a neo conservative globalist think tank council on foreign relations.[15

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