Jakarta, CNBC Indonesia – Mukesh Ambani’s name is no stranger to the ranks of Asian conglomerates. He occupies 10th position on the list of the world‘s richest people according to Forbes, with assets of US $ 115 billion.
Ambani is the head of Reliance Industries, which was first founded by his father in 1966. His business dynasty operates across sectors, from petrochemicals, oil and gas, retail, financial services, to telecommunications.
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Ambani has three children who all hold directorships at Reliance Industries. His youngest son, Anant Ambani, who is 28 years old, manages the energy business Reliance Industries and serves as a director at the Reliance Foundation, quoted from the BBC, Saturday (2/3/2024).
Anant Ambani’s pre-wedding party became the world‘s spotlight because it was held on a large scale from March 1 to 3 2024 in Jamnagar, Gujarat. The wedding itself will not be held until July.
The Ambani family is known to be very serious about planning weddings. In 2018, singer Beyonce appeared at the pre-wedding event of Isha Ambani, who is Mukesh Ambani’s daughter.
A Bloomberg report from an insider said that Isha’s pre-wedding costs at that time reached US$ 100 million. However, people close to the Ambani family denied this and said the cost was ‘only’ US$ 15 million.
Returning to Anant Ambani’s luxurious pre-wedding event, a series of special guest stars were brought to India.
Rihannya was a performer at the event. Apart from that, US magician David Blaine will also perform at the event.
Reuters reported that Anant’s pre-wedding was attended by Microsoft founder Bill Gates, Meta founder Mark Zuckerberg, Disney CEO Bob Iger, who had just announced an asset merger with Reliance worth US$ 8.5 billion, and other veteran Indian figures.
For example billionaires Gautam Adani and Kumar Mangalam Birla, as well as Bollywood stars such as Shah Rukh Khan and Salman Khan.
Guests at Andani’s pre-wedding event will be pampered with 500 types of food served by 100 experienced chefs. Guests will also be provided with make-up (MUA) and hair (hair stylist).
Roundtrip jets from New Delhi and Mumbai are also provided, but guests are limited to two suitcases per couple. One of the series of events is visiting an animal conservation center with more than 2,000 species.
Mukesh Ambani profile
Reliance Industries, which is an Ambani family company, is estimated to be worth US$ 220 billion in 2022. The Mukesh family controls 51% of the company’s shares.
Mukesh Ambani was born in Yemen on April 19, 1957. He has three siblings, respectively Anil Ambani, Nina Kothari and Deepti Salgaocar.
In 1958, he and his family moved from Yemen to Mumbai, India. This was because the conditions in Yemen at that time were not conducive.
In India, Mukesh is an old rich man. His father, Dhirubhai Ambani, was a yarn trader who later founded a small textile company called Reliance in 1966.
Mukesh was educated at the Institute of Chemical Technology, Mumbai. After graduating, Mukesh continued his education at Stanford University, United States.
Unfortunately, he didn’t graduate in the US. Then, he decided to return to India to take care of the family business. In Mukesh’s hands, Reliance’s performance became even stronger.
Starting from a textile company, Reliance then expanded into other business sectors such as oil refining and petrochemicals.
The Ambani family was fractured when their father died of a stroke on July 6 2002. His children fought over his assets because their father did not leave a will.
Mukesh and his younger brother, Anil, are involved in a conflict over inheritance. The dispute subsided when the mother intervened. As a result, their father’s company was divided into two.
Mukesh was allocated Reliance Industries Ltd and Indian Petrochemicals Corporation, which was later approved by the Bombay High Court in December 2005.
Reliance is known as India’s most profitable telecom giant, with more than 420 million subscribers. In 2016, Mukesh’s company released a 4G network phone and Jio broadband service.
Reliance then transformed itself into a green energy company by investing tens of millions of US dollars over the long term to build renewable energy, quoted from CNN Indonesia.
In the retail sector, Mukesh once went head to head against Jeff Bezos in the battle for the retail market in the Indian health sector.
In 2020, he bought a majority stake in online pharmacy Netmeds for US$83 million. The purchase was made after Bezos launched a similar maintenance service to Netmeds in the week before Mukesh acquired Netmeds.
Reliance said the corporate action was taken to expand its digital commerce proposition to cover most of the important daily needs of consumers.
Apparently, the health business has experienced a surge in India due to the emergence of the Covid-19 pandemic. Netmeds’ business also experienced an increase in demand. Now, Netmeds has 5.7 million customers throughout India. Thanks to this business, Mukesh became one of the richest people in the world.
[Gambas:Video CNBC]
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