Mukesh Ambani Sixth Richest Person in the world: Indian Business Tycoon Mukesh Ambani is now sixth Richest Person of 2020

By | July 14, 2020

Mukesh Ambani Sixth Richest Person in the world: Indian Business Tycoon Mukesh Ambani is now sixth Richest Person of 2020:

Mukesh Ambani Sixth Richest Person in the world

Indian Business Tycoon Mukesh Ambani is now sixth Richest Person of the world. The Mukesh Ambani net worth is 70.2 billion and his main source of the company is India Reliance Industries.

In the 34th annual Forbes list of the world’s billionaires, the list included 2,095 billionaires with a total net wealth of $8 trillion, down 58 members and $700 billion from 2019.The list was finalized as of 18 March, thus was already partially influenced by the coronavirus pandemic.

He married Nita Ambani in 1985 and they have two sons; Anant and Akash, and a daughter, Isha.They met after his father attended a dance performance which Nita took part in and thought of the idea of arranging a marriage between the two.

They live in Antilia, a private 27-storey building in Mumbai, which was valued at US$1 billion and was the most expensive private residence in the world at the time it was built.The building requires a staff of 600 for maintenance, and it includes three helipads, a 160-car garage, private movie theater, swimming pool, and fitness center.

In 2007, Ambani gifted his wife a $60 million Airbus A319 for her 44th birthday. The airbus, which has a capacity of 180 passengers, has been custom-fitted to include a living room, bedroom, satellite television, WiFi, sky bar, Jacuzzi, and an office.

Ambani was titled “The World’s Richest Sports Team Owner” after his purchase of the IPL cricket team Mumbai Indians for $111.9 million in 2008.

In an interview with Rajdeep Sardesai in March 2017, he said that his favourite food continued to be idli sambar and his favourite restaurant remains Mysore Café, a restaurant in Kings circle (Mumbai) where he used to eat as a student at UDCT.Mukesh Ambani is a strict vegetarian and teetotaler. He is a very big fan of Bollywood movies, watching three a week because he says “you need some amount of escapism in life.”

During the fiscal year ending 31 March 2012, he reportedly decided to forgo nearly ₹240 million from his annual pay as chief of Reliance Industries Ltd (RIL). He elected to do this even as RIL’s total remuneration packages to its top management personnel increased during that fiscal year. Mukesh Ambani holds a 44.7% stake in the company.This move kept his salary capped at ₹150  million for the fourth year in a row.

In early 2019, a court in Mumbai held his younger brother, Anil Ambani, in criminal contempt for non-payment of personally guaranteed debt Reliance Communications owed to Swedish gearmaker Ericsson. Instead of jail time, the court gave Anil a month to come up with the funds. At the end of the month, Mukesh bailed out his younger brother.

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