Mukesh Ambani: Mukesh Ambani’s Fortune Fell
Mukesh Ambanis Fortune:The billionaire index has changed significantly due to the ongoing turmoil in stock markets around the world. Alan Musk, co-founder and CEO of electric car maker Tesla, has become the world’s third-richest man following a rise in shares. Its total assets reached 5 115 billion on Monday. Alan Musk finished third, beating Facebook co-founder Mark Zuckerberg. Mark Zuckerberg has a net worth of 111 billion.
Mukesh Ambanis Fortune
Mukesh Ambani, Asia’s richest businessman and chairman of Reliance Industries Ltd, is ranked eighth in the Bloomberg Billionaire Index. Mukesh Ambani’s net worth has dropped to 79 79.8 billion. In this index, Mukesh Ambani reached the fourth position. On July 28, Mukesh Ambani’s net worth reached 81 81.9 billion. This was their highest level ever. Investor Warren Buffett is in sixth place with a fortune of 82 82.5 billion.
The company put on the principle that everyone should contribute to the business, not the chosen ones. In 1985, Rasikbhai died and in the second year, 1986, Mukesh Ambani’s father suffered a stroke. This was at a time when all responsibility was shifted due to Kukesh being the eldest son of Ambani’s family. At the age of 24, Ambani was assigned to build the Patalganga petrochemical plant.
On July 6, 2002, Mukesh’s father died of a second stroke. This excitement tension between the brothers as Dhirubhai left no will for the distribution of the kingdom. His mother Kokilaben Ambani resolved the dispute by splitting the company into two. Mukesh Ambani got Reliance Industries Limited and Indian Petrochemicals Corporation Limited.
Under the guidance of Mukesh Ambani, the company has built the world’s largest grassroots petroleum refinery at Jamnagar, India, and can produce 660,000 barrels per day in 2010.
In December 2013, Mukesh Ambani announced a joint venture with Bharti Airtel to set up the digital infrastructure for the 4G network in India. On June 18, 2014, it announced a business investment of Rs 1.8 trillion over the next three years and on December 27, 2015, launched 4G broadband services internally.
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