A Forbes view on Mukesh Ambani

Mukesh Ambani,
Age: 51
Marital Status: Married, 3 children
Hometown: Mumbai
Net Worth: $19.5 billion

- Chairman & Managing Director of Reliance Industries Ltd
- Conferred ‘ET Business Leader of the Year’ Award by The Economic Times (India) in the year 2006
- Bestowed the US-India Business Council (USIBC) ‘Global Vision’ 2007 Award for Leadership in 2007
Makes debut as India's richest, despite the fact that net worth fell in the past year as stock price of petrochemicals flagship Reliance Industries tanked. He is now ranked 7th in Forbes' Billionaires List.
Unfazed, Mukesh upped Reliance stake, paying $3.4 billion to convert 120 million preferential warrants into shares, at a premium to stock price.
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Reliance Industries – Nº1 of the private sector in India

The largest private sector company in India, it is ranked 206th in the Fortune Global 500 list. Its revenues ascend to $36 billion, profits to $5 billion and assets to $44 billion. Its CEO and owner, Mukesh Ambani, is ranked 7th in the Forbes list with a personal fortune of $19.5 billion.

Though the company's oil-related operations form the core of its business, it has diversified its operations in recent years. After severe differences between the founder's two sons, Mukesh Ambani and Anil Ambani, the group was divided between them in 2006. In September 2008, Reliance Industries was the only Indian firm featured in the Forbes's list of "world's 100 most respected companies".
This is Reliance. This is wealth.

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