How Mukesh Ambani Got So Rich

Mukesh Ambani is a name that most people in India recognize. He’s not just any billionaire—he’s the richest man in Asia. To give you an idea of his wealth, by the time you finish reading this post, he would have earned around ₹1.92 crore. That’s almost ₹2 crore in just 10 minutes! Recently, there was a big buzz around the wedding of his son, where celebrities from all over the world attended, including pop star Justin Bieber, who was paid ₹80 crore for a short performance.

So, how did Mukesh Ambani make so much money? What’s the secret to his success? And why is his brother, Anil Ambani, facing financial problems despite being so wealthy once?

The Beginning: Dhirubhai Ambani’s Vision

Mukesh’s father, Dhirubhai Ambani, laid the foundation for what would become Reliance Industries. In the 1950s, Dhirubhai left Gujarat and went to Yemen for a job. After working there for eight years, he returned to India in 1958 with a strong understanding of trade and business. He started Reliance Commercial Corporation, which initially traded in spices.

But Dhirubhai had bigger dreams. In 1966, he started a textile company called Reliance Textiles. Instead of using cotton, which was tightly regulated by the government, he used synthetic materials to make clothes. This smart move helped his business grow quickly, and soon, Reliance Industries became a major player in the Indian market.

Mukesh Ambani Takes Over

By the 1980s, Reliance Industries had expanded into petrochemicals to support its growing textile business. When Dhirubhai Ambani fell ill in 1986, his sons Mukesh and Anil joined the business. However, after Dhirubhai’s death in 2002, the company was split between the two brothers. Mukesh got control of the oil, gas, petrochemical, and manufacturing sectors, while Anil took over the energy, telecom, and financial services.

Mukesh worked hard to grow his share of the business. He expanded the Jamnagar Petroleum Refinery, making it the largest in the world. He also entered the retail sector, launching Smart Bazaar stores across India, where customers could buy everything at discounted prices. In 2008, he bought the Mumbai Indians, the most valuable team in the Indian Premier League (IPL).

The Jio Revolution

In 2016, Mukesh Ambani shook up the telecom industry by launching Jio. He offered free calls, data, and messaging, which attracted millions of users. This forced other telecom companies to lower their prices to compete. Jio quickly grew to 450 million users and is now working on developing 6G technology.

Jio’s success was so big that other telecom companies tried to take legal action, claiming that Jio’s free services were unfair competition. But Jio has continued to dominate the market, making internet access cheap and widespread in India.

Mukesh Ambani’s Wealth and Lifestyle

Today, Mukesh Ambani’s wealth is over $122 billion, or ₹10,370 billion. He lives in a 27-story building in Mumbai called Antilia, which has everything from a temple to a gym and even helipads. The recent wedding of his son, Anant Ambani, reportedly cost ₹5,000 billion—a huge amount, but just a small part of Mukesh Ambani’s fortune.

Anil Ambani’s Downfall

On the other hand, Mukesh’s younger brother Anil Ambani has had a tough time. His businesses struggled due to competition and poor decisions. Reliance Communications, once a big name in telecom, couldn’t keep up with companies like Airtel, Vodafone, and Jio, and eventually went bankrupt.

Anil’s financial problems got worse with legal issues, including a case where he was ordered to pay a debt to Ericsson. When he couldn’t pay, Mukesh stepped in and paid the debt, saving Anil from arrest. Today, Anil Ambani’s net worth is reported to be zero.

Conclusion

Mukesh Ambani’s journey to becoming Asia’s richest man is a story of hard work, smart decisions, and continuous growth. From his father’s small business to building a global empire, Mukesh has made a mark in almost every sector in India. Meanwhile, his brother Anil’s story shows how challenging the business world can be, even for those who once had great wealth.

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