Mukesh Ambani did not start his career with Reliance, know how he became India’s richest man with net worth of Rs…
GH News October 04, 2024 11:06 PM
The journey of Mukesh Ambani: Mukesh Ambani is the richest person in India and among the wealthiest in the world. He is known for his vision and risk-taking abilities which have taken Reliance to new heights. The recent marriage of his son Anant Ambani to Radhika Merchant made headlines worldwide for its extravagance. From world leaders to sportspersons the grand wedding was attended by many notable figures. Everyone was amazed to see hundreds or even thousands of crores spent on the lavish event. Today Reliance dominates sectors ranging from telecom to entertainment. But did you know Mukesh Ambani didn’t begin his entrepreneurial journey with Reliance Industries? Yes you read that right. Heres how Mukesh Ambani began his entrepreneurial journey. Mukesh Ambani’s Early Life and Education Qualification Mukesh Ambani has a very impressive education background. He is completed his graduation in chemical engineering from Institute of Chemical Technology Mumbai initially pursued higher studies abroad. He earned his MBA from Stanford University. The Beginning Of Reliance Industries In the year 1980 we saw a remarkable move by India - thanks to Prime Minister Indira Gandhi who spearheaded the Polyester Fiber Yarn (PFY) project. This move signaled a key shift forward in the Indian industrial scene. Amid intense competition Dhirubhai Ambanis Reliance Industries emerged triumphant by securing a vital license to participate in this initiative. Dhirubhai Ambani father of Mukesh Ambani ensured Reliance was part of this historical transformation. The Turning Point Mukesh Ambani’s Life Recognising the potential in the PFY industry Dhirubhai called upon Mukesh Ambani to leave Stanford and instead play his part in the family business. Consequently Mukesh in 1981 opted to leave his ongoing MBA program to take the lead in the establishment of the first-ever PFY production facility for Reliance in India. Mukesh Ambani took the helm of Reliance Industries and steered it towards diverse growth avenues and accelerated expansions. Under his leadership Reliance Infocom Limited was born - a venture that now goes by the name Reliance Communications forever transforming the landscape of telecommunications industry of the country. Jamnagar Refinery’s Story Mukesh Ambani has significantly contributed to the Indian economy with several achievements one of which is the foundation of the Jamnagar refinery located in Gujarat. Its worth to note that this powerhouse of a refinery producing 660000 barrels per day is the worlds largest oil refinery complex. Dating back to the late 90s Mukesh pulled off this considerable project by pouring in roughly Rs 100000 crore proving once again why Reliance Industries is a formidable player in the arena of petrochemicals and refining. Even though he started his path as a dropout from Stanford his unwavering dedication to quality and novelty powered his climb to remarkable success in the international business world through Reliance Industries. His story sparks inspiration amongst budding entrepreneurs worldwide proving that perseverance and effort can earn incredible achievements. Mukesh Ambanis Net Worth With a whopping net worth of USD 109.2 Billion Mukesh Ambani is on the 11 no. in the world richest people list following him Gautam Adani stands at 21 no. with the wealth of USD 81.1 billion. The top 10 richest people in India in 2024 - Forbes Name & India Rank Net worth (₹) Net worth (US$) Company #1 Mukesh Ambani ₹9.66 lakh crore $115.3 B Reliance Industries #2 Gautam Adani ₹7.04 lakh crore $84.1 B Adani Group (Adani Enterprises Adani Ports Adani Green Energy etc) #3 Savitri Jindal & Family ₹3.65 lakh crore $43.6 B JSW Group (JSW Steel JSW Energy JSW Cement JSW Infrastructure etc) #4 Shiv Nadar ₹3.37 lakh crore $40.3 B HCL Technologies Ltd #5 Dilip Shanghvi ₹2.64 lakh crore $31.5 B Sun Pharmaceutical Industries Ltd #6 Kumar Birla ₹2.10 lakh crore $25.1 B Aditya Birla Group (UltraTech Cement Grasim Industries Hindalco Industries etc) #7 Cyrus Poonawalla ₹2.06 lakh crore $24.6 B Serum Institute of India #8 Radhakishan Damani ₹1.83 lakh crore $21.9 B Avenue Supermarkets #9 Kushal Pal Singh ₹1.70 lakh crore $20.3 B DLF Limited #10 Ravi Jaipura ₹1.44 lakh crore $17.2 B Varun Beverages  
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