Mukesh Ambani

January 25, 2010

Ambani (right) with Ratan Naval Tata and U.S. Secretary of State Hillary Rodham Clinton

Mukesh Ambani (born on April 19, 1957 in Aden, Yemen) is an Indian engineer and businessman. He is the chairman, managing director and the largest shareholder of Reliance Industries, India’s largest private sector enterprise and a Fortune 500 company, which he got funded by purchasing large standby letters of credit, which were monetized by several Swiss banks which afforded him guaranteed loans for the purchase . His personal stake in Reliance Industries is 48%. His wealth is valued at $ 32 Billion by Forbes, making him India’s wealthiest person. Mukesh and his younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani. Anil Ambani is also a billionaire and owns another company – Anil Dhirubhai Ambani Group. Mukesh also owns the Indian Premier League team Mumbai Indians.