Blog Highlights
- Early Career, Family, & Personal Life
- Mukesh Ambani Net Worth in Rupees
- Primary Sources of Mukesh Ambani’s Income
- Brands Owned by Ambani
- Unlisted Shares in Mukesh Ambani’s Net Worth
- Ambani”s Car & Watch Collection
How Mukesh Ambani Built His Massive Net Worth in Rupees: Business Strategies & Investments Revealed!
“Anything and everything that can go digital is going digital, India cannot afford to be left behind”- says the richest person in the nation.
On referring to the titan of global business, Mukesh Ambani’s relentless ambition, towering success, and unrivaled influence in the business landscape are one to admire.
As the largest shareholder of Reliance Industries, the country’s most valuable company by market capitalization, Ambani cements his position as one of the most powerful and richest individuals in the world. His empire spans the sector of telecommunications to petrochemicals, making him a pivotal figure in shaping the country’s industrial and economic narrative.
Mukesh Ambani Early Career, Family, & Personal Life
Mukesh Ambani was destined for greatness as he was born as the eldest son to the industrialist Dhirubai Ambani on April 19, 1957, in Aden, Yemen.
He had a close-knit family with an unyielding work ethic and strong values. He pursued chemical engineering at ICT, Matunga where he proved his academic brilliance. His journey to Stanford University for an MBA was cut short when he decided to return to the country to assist his father in making ‘Reliance’ huge- a decision that could forever change the dynamics of Indian business.
He married Nita Ambani, a businesswoman and philanthropist, and they had three children, Akash, Anant, and Isha.
His elder son Akash heads Jio, younger son Anant looks after the energy business, while daughter Isha oversees financial services and retail. On July 12, 2024, his youngest son, Anant Ambani, married Radhika Merchant, daughter of Viren Merchant.
Mukesh often attributes his success to the unwavering support of his family. His early life has been shaped by the teachings of his father, who instilled in him the importance of dreaming big and the principles of perseverance. He turned 67 years on 19 April 2024.
The Core of Ambani’s Wealth : Reliance Industries
Under Mukesh Ambani’s stewardship, Reliance Industries has evolved from a mere textiles & polyester business into a highly diverse conglomerate.
Ambani’s earnings are primarily derived from different businesses under RIL or Reliance Industries Ltd, which reports a revenue of Rs 2.32 Lakh Crores, as per the records of June 2024. The operating profit is driven by segments like oil-to-chemicals, retail, and telecom(Jio). Ambani benefits from dividends, especially with a substantial payout per share.
Ambani’s income is closely tied to the company’s net profit, which exceeded Rs 61,000 Crores or $7.6 billion in the year 2024. This financial performance is bolstered by strategic investments across media, digital services, and financial sectors, reinforcing RIL’s dominance and Ambani’s billionaire status.
Mukesh Ambani’s Net Worth in Rupees in 2024
The chairman and the managing director of Reliance Industries has a net worth of $113.2 Billion or Rs 9.1 lakh Crores as per real-time records of August 2024. However, changing market conditions make the value fluctuate and this needs to be considered as the closest approximation.
Ambani oversees a vast enterprise named Reliance Industries Ltd, which generates revenues that surpass $104 Billion or Rs 8 Lakh Crores. Fortunately, his children manage different sectors of this corporate giant.
Mukesh Ambani Net Worth Growth Over The Years
Over the past decade, Mukesh Ambani net worth has seen a remarkable growth trajectory, reflecting his success and influence. Starting from $18.6 billion in 2014 to $113.2 billion in 2024. See how his strategic moves and investments led to exponential growth, with notable jumps from $40.1 billion in 2018 to $76.5 billion in 2020 and a peak at $113.2 billion in 2024.
| Year | Net Worth (USD Billion) | Net Worth (INR Crore) |
| 2014 | $18.6 | ₹1,52,520 |
| 2015 | $21 | ₹1,72,200 |
| 2016 | $19.3 | ₹1,58,260 |
| 2017 | $23.2 | ₹1,90,240 |
| 2018 | $40.1 | ₹3,28,820 |
| 2019 | $50 | ₹4,10,000 |
| 2020 | $76.5 | ₹6,27,300 |
| 2021 | $78.1 | ₹6,40,420 |
| 2022 | $90.7 | ₹7,43,740 |
| 2023 | $83.4 | ₹6,83,880 |
| 2024 | $113.2 | ₹9,41,480 |
Discover the net worth of other influential figures in India.
Comparing Gautam Adani and Mukesh Ambani Net Worth: Who Holds the Greater Wealth?
In the race for the title of India’s richest, Gautam Adani and Mukesh Ambani are often compared. While both of these tycoons have amassed vast fortunes, Ambani’s diversified portfolio, especially in telecommunications and retail gives him a slight upper edge. Despite the competition remaining fierce with both magnates willing to continually expand their empires,
Ambani’s net worth has been deemed higher than Adani’s in all these years.
However, as per the Bloomberg Billionaires Index earlier this year, Adani group had ranked 11th on the index having a net worth of $111 Billion, thereby surpassing Ambani’s $109 Billion. The surge in Adani’s wealth had been primarily driven by a spike in Adani Group stocks. Following a Jefferies report highlighting the group’s ambitious Rs 90 billion expansion plans over the next decade, Adani Group stocks soared, adding Rs 84,064 crore in market capitalization by the end of the trading session, bringing the total to Rs 17.51 lakh Crores.
But Adani’s net worth surged for seldom a day and was more than Ambani’s for a few days alone. Ambani took over the top spot for richest Indian shortly. Ambani presently has an estimated net worth of approximately $110 Billion, while Adani currently has a net worth of approximately $85 Billion.
Net Worth Showdown: Ratan Tata vs Mukesh Ambani – Who’s the Richest?
Ratan Tata has his wealth rooted in Tata Group, a conglomerate having 100 subsidiaries across sectors like IT (TCS), Automotive (Tata Motors), chemicals, steel, and more. His fortune is intertwined with philanthropy, as most of the profits from Tata Sons go to charitable causes like Tata Trusts.
Ambani’s wealth is concentrated in RIL, spanning industries telecommunications(Jio), petrochemicals, and Retail (Reliance Retail). His income is fueled by the organization’s massive scale, aggressive expansion, and diversification into new sectors like green energy and digital services. Discover detailed insights about Ratan Tata’s net worth.
Unlisted Shares: A Key Component of Mukesh Ambani’s Net Worth
Unlisted shares have a critical role to play in the accumulation of Mukesh Ambani’s wealth. particularly in businesses that have yet to go public.
Reliance Industries’ unlisted shares especially in retail ventures and Jio platforms hold considerable value. The shares provide Ambani with opportunities and leverage for future growth through strategic sales and potential IPOs.
Key Unlisted Assets
- Jio Platforms Ltd
In 2020, Jio Platforms raised over $20 billion by selling a 33% stake to investors like Google and Facebook, boosting the value of Mukesh Ambani’s unlisted holdings.
- Reliance Retail Ventures Ltd
India’s largest retailer and a key unlisted entity, raised $6.4 billion in the year 2020 by selling a 10.5% stake to global investors. This valued the company at $62 billion and underscored the substantial value of Ambani’s unlisted shares in RRVL. Reliance Retail has posted a net profit of almost Rs. 5,000 crore in fiscal 2021-22, as per latest regulatory disclosures. Net profit grew 7.6% to Rs. 4,934.65 crore. Learn more about Reliance Retail Valuation update.
You can start investing on Reliance Retail Unlisted Share from Altius Investech.
- Reliance O2C Business
The O2C segment, a significant revenue driver, is structured to potentially operate as a standalone entity. A 20% stake sale to Saudi Aramco, valued at $15 billion, further highlights the hidden value in Ambani’s unlisted assets.
- Reliance New Energy Ventures
With India’s shift toward clean energy, the unlisted shares in these ventures hold considerable future value, especially in solar, battery storage, and hydrogen fuels.
- Reliance General Insurance
A significant player in the Indian insurance market, Reliance General Insurance is another unlisted asset that adds substantial value to Ambani’s portfolio. As the insurance sector grows, the potential for value appreciation in these unlisted shares is high, reinforcing the diversity and strength of Ambani’s unlisted assets.
Reliance General Insurance Unlisted Shares Start From Rs 455. Start Investing Now!
Invest in Unlisted Shares
If you aim to elevate your investment returns like Mukesh Ambani, consider diversifying into unlisted shares with Altius Investech. Unlisted shares offer unique opportunities to tap into high-growth sectors and emerging companies, much like Ambani’s strategy with his hidden assets. Partner with Altius Investech to unlock these exclusive investment avenues and pave the way for exceptional returns.
If you’re interested in investing in unlisted shares, be sure to read our blogs dedicated to this topic for valuable insights and guidance.
- 5 Advantages of Buying Unlisted Shares in 2024
- Demystifying Unlisted Shares: How They Work
- Mitigating the Risks of Buying Unlisted Shares
- Income Tax on Capital Gains in Unlisted Shares
- Listed Vs. Unlisted Shares: Assessing Risk and Reward
- Top 5 Unlisted Shares You Should Consider Buying in India in 2024
Primary Sources of Mukesh Ambani’s Income
Ambani’s primary sources of income are his holdings in Reliance Industries, including the various subsidiaries and business divisions.
1) Reliance Industries
He joined RIL or Reliance Industries Ltd in 1981, where he has been an instrumental part of the company’s rapid expansion and growth over the years. Ambani could lead the organization’s foray into the Indian telecommunications sector with the launch of Jio, which disrupted the industry and modified it into a data-driven society.
Reliance Industries Ltd, led by Mukesh Ambani has an estimated value of Rs 27.75 lakh Crores or $309 Billion, representing about 10% of India’s GDP or Gross Domestic Product.
2) Telecommunications
Reliance Jio has revolutionized India’s telecom sector by offering affordable data and voice services. The rapid growth of Jio, serving over 426 Million users, has become a cornerstone of Ambani’s portfolio today. The telecom industry contributes to his direct income and the expansion of other services.
Jio has risen to be the largest mobile network operator in the country having over 400 million subscribers.
3) Retail
Reliance Retail is the largest retail chain in India in terms of revenue and operates across multiple formats, including hypermarkets, supermarkets, online platforms like JioMart, and specialty stores. The retail business encompasses a wide array of products from groceries to fashion, and serves as a major income stream for Ambani. Reliance Retail’s Q4 performance mirrors DMART and TTAN, driven by robust retail expansion.
4) New Energy Business
Ambani has heavily invested in green energy initiatives, such as solar, wind, and hydrogen energy through RIL. This segment is expected to be a future income driver, and Reliance will aim to be a global leader in clean energy.
Mukesh Ambani Investments & Businesses Across Different Sectors
Mukesh Ambani expands his investments widely across various sectors.
1) Jio Financial Services
It is yet to capitalize on India’s growing demand for financial products. It leverages Jio’s vast user base to offer financial services, including insurance and consumer loans.
2) Retail
Reliance Retail has made several acquisitions to expand its portfolio, including stakes in brands Netmeds, an online pharmacy, and Hamleys, the iconic British toy retailer.
Reliance Retail bought Campa Cola in August, one of the country’s first aerated drinks. They also plans to purchase Alia Bhatt’s Ed-a-Mamma for 300 to 350 crore. Read more about it here.
3) Media & Entertainment
Through the subsidiaries and Network 18, Reliance owns significant media assets like digital news platforms, television channels, and entertainment networks. The conglomerate’s presence is enhanced in the media sector.
4) Apparel & Textiles
The textile giant called Alok Industries is a notable investment. Irrespective of financial challenges, it has contributed
5) Global & Domestic Brands
Reliance has invested in different luxury and fashion brands such as Reliance Brands. These include partnerships with companies like Armani, Burberry, and Jimmy Choo.
Brands Owned by Mukesh Ambani
| Brand | Description |
| Reliance Retail | India’s largest retail chain, offering diverse products from groceries to electronics, now readies to disrupt the FMCG space with its innovative strategies and market reach. |
| Reliance Jio | The telecom giant revolutionizing India’s digital landscape with affordable data plans. |
| Reliance Petroleum | A leading petroleum and refining company operating one of the world’s largest refineries. |
| Reliance Life Sciences | A biotechnology enterprise focusing on medical, plant, and industrial biotechnology. |
| Reliance Industrial Infrastructure Ltd (RIIL) | Specializes in the construction and leasing of industrial infrastructure. |
| Reliance Foundation | The philanthropic arm aimed at rural development, healthcare, and education. |
| Reliance Digital | A one-stop shop for electronics and home appliances across India. |
| AJIO | An e-commerce platform specializing in fashion, featuring a mix of private labels and international brands, is proving to be an unbelievable growth machine in the online retail space. |
| Reliance Trends | A retail chain offering affordable fashion and apparel across India. |
| JioMart | An online grocery delivery service connecting customers with local kirana stores. |
Brands Mukesh Ambani has Invested In
| Brand | Description |
| Alok Industries | A textile manufacturing company making fabrics, home textiles, and garments. |
| Den Networks | A leading cable television distribution company in India. |
| Hathway Cable & Datacom | A major broadband and cable TV provider in India. |
| Saavn | A popular music streaming service, rebranded as JioSaavn after its acquisition by Jio. |
| Balaji Telefilms | A renowned entertainment content producer, known for its TV shows and digital series. |
| Just Dial | A local search engine and online directory service for finding businesses and services. |
| Genesis Colors | A luxury fashion brand specializing in high-end designer clothing and accessories. |
| Future Retail (including Big Bazaar) | A retail giant in India, operating supermarkets and hypermarkets under brands like Big Bazaar. |
| Faradion | A UK-based company specializing in sodium-ion battery technology for energy storage solutions. |
| Radisys | A global provider of open telecom solutions enabling service providers to build network infrastructure. |
| Embibe | An AI-powered EdTech platform focused on personalized learning and test preparation. |
Business Strategies Employed by Mukesh Ambani
These serve as a masterclass in innovation, diversification as well as strategic foresight.
- Strategic Partnerships– Collaboration with global giants like Google and Facebook for bolstering Jio’s ecosystem.
- Innovation & Technology– Levying emphasis on digital transformation, specifically with Reliance Jio.
- Vertical Integration– Supply chain control for reducing dependency on external factors, inducing cost-effectiveness and efficiency.
- Diversification– Expansion of Reliance into different sectors, allowing steady streams of revenues.
Major Investments
- Real Estate Holdings- His residence in Mumbai called Antilia is valued at over $1 Billion.
- International Ventures– Investments outside the country in Europe and the United States have diversified his portfolio and added to his global influence.
- Other Investments- He has invested in sectors like renewable energy, retail, and digital services.
How His Investments Have Shaped the Indian Economy
Mukesh Ambani’s contributions to the Indian economy are monumental. His investments in infrastructure, telecommunications, and retail have created millions of jobs, spurred economic growth, and positioned India as a global economic powerhouse. Ambani’s ventures have also driven technological advancements and digital inclusion, impacting every aspect of Indian life.
Future Predictions
Ambani is expected to continue expanding his empire, with potential investments in renewable energy, digital services, and global markets. His vision for Reliance Industries includes making it a leader in sustainable energy and technology-driven solutions, ensuring long-term growth and further enhancing his wealth. Ambani has been pivoting Reliance into green energy. The company plans to invest $80 Billion over the next 10-15 years in renewable energy and building a new complex next to its refinery.
Lessons to Learn from His Investment Philosophy
- Long-term Vision – Prioritize sustainable growth and long-term value creation more than short-term gains.
- Diversification– Spread the investments across numerous sectors to mitigate risks and ensure steady growth
- Focus on Innovation– Constantly seek new opportunities while embracing technological advancements.
Inside the Life of Mukesh Ambani
Despite his immense influence and wealth, Mukesh Ambani leads a private and disciplined life. He is known for his dedication to family, spirituality, and philanthropy. His daily routine reflects a balance between his personal and business life, where he dedicates considerable time to family interaction, maintenance of his well-being and health, and strategic planning.
The Ambani family has been named the most valuable family business in the country, as per the first edition of the “Barclays Private Clients Hurun India Most Valuable Family Businesses List”.
Ambani’s House & Real Estate
Ambani’s real estate holdings are as valuable as they are opulent. His primary residence Antilia is a 27-storey skyscraper in Bombay, showcasing world-class amenities like multiple swimming pools, a ballroom, and a private theater. Ambani also holds other properties across the country and abroad, reflecting his taste for exclusivity and luxury.
- Antilia – Skyscraper in Bombay, considered to be one of the costliest private residences in the world.
- Dubai Villa – A palatial villa in Palm Jumeirah, Dubai, priced at over $80 Million.
- Stoke Park Estate – A 300-acre country estate in London, England, bought for more than Rs 500 Crores.
Ambani’s Car Collection
Ambani’s taste for luxury extends beyond business to his high-end collection of automobiles. He has one of the most extravagant fleets in the world, featuring exclusive and expensive cars. His prized possessions include-
| Car Model | Description |
| Bentley Bentayga | Known for its opulence and performance, it’s one of the most luxurious SUVs in the world and is priced at Rs 6 Crores. |
| Lamborghini Urus | A high-performance SUV that merges sportiness with luxury. The price of this model starts at Rs 4.18 Crores. |
| Rolls-Royce Cullinan | This SUV combines power, elegance, and comfort and has a range of Rs 6.95 Crores. |
| Mercedes-Benz S600 Guard | A rare, bulletproof, and bomb-resistant model, allowing unmatched security. |
| Mercedes-Maybach Benz S660 Guard | A luxury car known for its spacious interior, state-of-the-art technology, and high-end amenities. It is an armored version of the S600 Pullman limousine and is priced at Rs 10.5 Crores. |
| Ferrari 812 Superfast | A V12-powered masterpiece known for its exclusivity and speed. |
| Ferrari SF90 Stradale | A luxury sports hybrid popular among executives and VVIPs. |
| Customized Luxury Sedans & SUVs | These vehicles are tailored to meet Ambani’s exacting standards of comfort and safety. |
Ambani’s Watch Collection
Certainly not outdone by his cars, his watch collection is equally admirable, as his timepieces testify to his penchant for the finest things in life. Every watch in his collection blends luxury and craftsmanship, showcasing his classy taste.
- Patek Philippe Grand Complications: A masterpiece of intricate design, among the most expensive watches ever made at a valuation of Rs 5.4 Crores.
- Rolex: Timeless classic that is prestigious and luxurious.
- Audemars Piguet: Renowned for its craftsmanship, this watch symbolizes sophistication to the maximum. It ranges from Rs 1.5 Lakhs to 2 lakhs as per different variants in this collection.
Final Thoughts
Mukesh Ambani’s journey is a testament to his visionary leadership, strategic investments, and relentless innovation. His impact spans far beyond business to shape India’s economic and technological development – from revolutionizing telecom with Jio to steering Reliance Industries into green energy production; Ambani has shown his adaptability as a leader despite not only financial success but also creating a sustainable and inclusive future for India as it digitizes. Ambani stands as an icon of the industry, a catalyst of progress that will surely outlive all others as India digitizes.
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FAQs
Ans: – Mukesh Ambani’s net worth is approximately $109 billion or Rs 9.1 lakh Crores.
Ans:- Reliance Industries operates in sectors like petrochemicals, refining, oil and gas exploration, retail, and telecommunications.
Ans:- Mukesh Ambani studied at the Institute of Chemical Technology, Matunga, and later attended Stanford University for an MBA.
Ans:- Antilia is Mukesh Ambani’s residence in Mumbai, one of the most expensive homes in the world, valued at over $1 billion.
Ans:- Reliance Jio revolutionized the Indian telecom industry by offering affordable data and free voice calls, leading to a significant digital transformation in the country.
Ans:- Yes, Mukesh Ambani has one brother named Anil Ambani, and two sisters, Nina Kothari and Deepti Salgaonkar.
Ans:- Mukesh Ambani’s parents are Dhirubhai Ambani, the founder of Reliance Industries, and Kokilaben Ambani.
Ans:- Mukesh Ambani is married to Nita Ambani, the chairperson of Reliance Foundation.
Ans:- Mukesh Ambani and Nita Ambani have three children: Akash, Isha, and Anant Ambani.
Ans:- Antilia is known for being one of the most expensive private residences in the world with high-end security features and luxurious amenities.
Ans:- Mukesh Ambani has supported numerous initiatives in education, healthcare, and rural development through the Reliance Foundation.
Ans:- No, Mukesh Ambani did not complete his MBA at Stanford University as he left the program to join his father and build Reliance Industries.
Ans:- Mukesh Ambani was featured on Forbes’ list of the world’s most powerful people in 2010.
Ans: – Mukesh Ambani transformed the Indian telecom industry with the launch of Reliance Jio, which made data and voice services highly affordable, spurring a digital revolution in India.