Mukesh Ambani's Net Worth

By Simon Boseman

Published July 14, 2024

Mukesh Ambani's Net Worth
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Mukesh Ambani is an Indian businessman who serves as the chairman and managing director of Reliance Industries. As the company’s largest shareholder, he stands at the helm of the Indian corporate landscape.

 

However, Ambani’s legacy extends far beyond mere financial metrics, as his philanthropic endeavors and vision that he channeled through his Reliance Foundation have touched millions of lives. The billionaire has also been constantly supporting the advancements of several sectors in India and around the world.

Net Worth$122.1 Billion
Yearly Income$2.7 billion (est.)
Date of Birth19th April 1947
Place of BirthAden, Yemen
GenderMale
Height5’6”
ProfessionBusinessman
NationalityIndian
No. of Houses7+
No. of Cars160+

What is Mukesh Ambani’s Net worth?

As of 2024, Mukesh Ambani has a net worth of around $122.1 billion.

Mukesh Ambani is one of the most prominent business tycoons from India and is known to earn over a hefty $2.7 billion a year. A significant amount of his fortune primarily emanates from his holdings in Reliance Industries Limited, an Indian multinational company that owns various major firms like Reliance Retail, Jio Saavn, Jio-BP, Network 18, and many more.

 

By holding a consistent stake of around 19.25% and 20.04% in Reliance Industries Limited and Jio Financial Services Ltd., respectively, Ambani has been at the forefront of Indian streaming services, sports, oil, groceries, and several other major sectors. This is also one of the reasons why his net worth has increased from $22 billion in 2015 to now be above $100 billion.


What is Mukesh Ambani’s claim to fame?

Mukesh Ambani, a name synonymous with business masterclass, has shot up his fame through a series of very strategic moves. His journey began with the sprawling conglomerate Reliance Industries Limited, which he transformed from a mid-size company to one of the largest in India through his leadership skills. 

 

Then came the Jio revolution in 2016, which completely changed the way India used the internet on their phones by providing cheap internet all throughout the country. This meteoric rise of Jio catapulted also catapulted Mukesh Ambani into the global spotlight. 

 

His rather recent strategic investments have made him one of the most prominent leaders in the business world.


What ventures does Mukesh Ambani own or is a part of?

While leaving a mark on the Indian business industry, Amabani’s pursuit of innovation and diversification has created a huge business empire extending far beyond Reliance. Below, we will look at some of the major business ventures that Mukesh Ambani owns:

 

  • Reliance Industries Limited: Reliance Industries Limited is headquartered in Mumbai and is Ambani’s most prominent business unit. This conglomerate juggernaut has extended far beyond its roots and is currently one of the largest companies in India. As of yet, Mukesh Ambani is known to hold around 19.25 percent of the stakes, making him the most important individual in the company, and the entire value of it stands at $110 billion.

 

  • Reliance Energy: Coming with a market cap of $1.3 billion in 2024, Reliance Energy is one of the major oil refining companies in India, and one of the largest oil refining companies in the world. This company is owned by the RIL and it mostly refines petrochemicals, natural gas, and more.

 

  • Reliance Retail: Reliance Retail is another major subsidiary of RIL, which is a retail powerhouse in India. It has revolutionized the Indian consumer landscape by making diverse offerings, providing a large scale and reach, and creating an e-commerce presence.

 

  • Reliance Jio Infocomm Limited: Reliance Jio Infocomm, or Jio, is a dynamic company in the Indian digital landscape. It offers wireless services, smartphones, broadband internet services, apps, and many more. This diverse range of products has shot up the number of internet users in India, and has since grown into a $100 billion+ company.

 

  • Mumbai Indians: Mukesh Ambani also owns a professional cricket franchise that is based in Mumbai, India. This team was founded in 2008 by the RIL, and since then it has been competing in the Indian Premier League (IPL). Currently, it is the 4th most valuable team in the IPL and has a value of around $204 million.

 

These are just some of the most significant ventures that Mukesh Ambani owns. These companies have significantly shaped different industries in India and around the world. Alongside these ventures, his portfolio of investments also includes many other firms, like Reliance Life Sciences, Reliance Logistics, and many more.


How does Mukesh Ambani spend his billions?

 

The Indian billionaire often shared some details about his extensive list of various estates, cars, and high-end transportation. From that, it can be easily said that Ambani likes to show off his assets to shed light on the influence he gained and the legacy he is leaving behind.

 

How many properties does Mukesh Ambani own?

Mukesh Ambani owns a plethora of estates across the planet; however, like most billionaires out there, he likes to keep the details about half of his properties a mystery. Below are some of the properties he is known to own: 

 

  • Antillia: Anitillia is a massive, 27-story building that Mukesh is believed to have spent billions on. Currently, the price of this property stands at $4.3 billion, making it the priciest private property in the world.

 

  • Ambani’s Ancestral Home: This ancestral home of the Ambanis is located hours away from Jamnagar, India. It is a 2-story building that is steeped in traditional Gujarati-style architecture and is a testament to Mukesh’s humble beginnings.

 

  • Stoke House, London: Mukesh Ambani acquired the Stoke House in 2021 for around $73 million. This massive estate is spread over around 400 acres of land and is located roughly 25 miles away from London.

 

  • Sea Wind, Mumbai: The Sea Wind is a historical residential building located in Mumbai, India. It was built by Mukesh Ambani’s father, Dhirubhai Ambani, and is occupied by both Mukesh and his brother Anil Ambani’s families.

 

  • Mandarin Oriental, New York: Mandarin Oriental is another of the properties that Mukesh Ambani acquired outside of India. This tall skyscraper was purchased by him for $98.15 million.

 

Aside from these estates, Ambani has at least invested more than a billion or two to acquire properties in several strategic cities around the globe, which further fuels his wealth.


How many different transports does Mukesh Ambani own?

Mukesh Ambani, just like his diverse portfolio of real estate properties, also owns a diverse range of luxurious transportation, mostly cars. 

 

Cars

 

  • Rolls Royce Phantom VIII EWB: The Phantom VIII LWB owned by Mukesh Ambani is a luxurious car that comes with a custom-made dashboard clock that is made with a 106-carat diamond.

 

  • BMW 760 Li Security: Ambani’s BMW 760 Li is a heavily armored car that comes with matte exterior paint that adds an air of mystery to the car.

 

  • Mercedes-Maybach S660 Guard: The Mercedes-Maybach S660 Guard is an armored limousine, which is one of those cars that Mukesh Ambani is known to use quite frequently.

 

  • Ferrari 812 Superfast: One of the most eye-catching sportscars that is owned by Mukesh Ambani is the 812 Superfast. Although not much is known about the specifics, it has been revealed that the tycoon has bought this car fro $930,000.

 

Private Jet

 

  • Airbus 319: The Airbus 319 is the least extravagant of the private jets that are owned by Mukesh Ambani. It is a versatile and efficient jet that remains a practical choice for short-distance flights and comes with a price tag of $100 million.

 

  • Boeing Business Jet: Mukesh Ambani’s $73 million Boeing Business Jet is a customized private airplane that comes with a private bedroom suite, an executive office, and much more.

 

  • Falcon 900 EX: The Falcon 900 EX is the most used private jet by Mukesh Ambani which comes for just $12.5 million. It comes with an extended range that allows the airplane to seamlessly connect global destinations.

 

These are just a few of the different cars and jets that are in Mukesh Ambani’s extensive fleet of transportation. The Indian billionaire’s mighty collection is said to boast around a billion other transportations.


What are Mukesh Ambani’s charitable contributions?

The Indian billionaire and businessman Mukesh Ambani has not only left a significant impact on the business world but has also cemented his name as a visionary philanthropist, completely through his Reliance Foundation.

 

  • Reliance Foundation: The Reliance Foundation is the foundation through which Mukesh Ambani donates to make transformative changes in healthcare, education, and much more.

 

  • Jio Institute: The Jio Institute was founded by Mukesh Ambani in 2018, through which he aims to provide world-class education to nurture the future leaders of tomorrow.

 

  • Rural Transformation: Mukesh Ambani has heavily invested himself in the development areas across India by providing quality education, healthcare, sanitation facilities, and more.

 

  • Sir HN Reliance Foundation Hospital: The HN Reliance Foundation Hospital was re-opened back in 2014 as Hurkisondas Hospital to provide modern healthcare facilities with the best treatment and care for the patients.

     

Mukesh Ambani is leaving a philanthropic footprint behind him that will set him apart from the rest of India. Besides these listed philanthropic deeds, Ambani has also donated to various other causes, trying to make a positive impact on society.


What’s next for Mukesh Ambani? 

 

Mukesh Ambani is slowly being succeeded by his three children, Isha, Akash, and Anant, who have joined the board of one of India's largest and richest conglomerates. For now, he remains the chairman and the managing director to nurture the next generation of RIL’s leaders.

 

Aside from that, Amabani, through Reliance Industries Limited (RIL), is currently planning and has aimed to introduce 5G wireless broadband as soon as possible, while expanding into the general health and insurance sectors.


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