The Industrious Maharaja: Mukesh Ambani’s Lifestyle
In another Piece of ARDOXSO’s Lifestyle section, we have decided to discuss the industrious Mukesh Ambani’s Lifestyle.
Mukesh Ambani, the richest man of India, is number six on Forbe’s billionaire list. With a staggering wealth of $71.2 billion, he has risen to become the richest man in the Asian continent. Ambani family is behind Reliance Industries Ltd, a multinational conglomerate company located in Mumbai, India.
“All of us, in a sense, struggle continuously all the time because we never get what we want. The important thing which I’ve really learned is how do you not give up, because you never succeed in the first attempt.” -Mukesh Ambani
Mukesh Dhirubhai Ambani was born on April 19th of 1957, in Aden, an area located in the south of modern Yemen. His mother is Kokilaben Ambani, and father Dhirubhai Ambani. The family moved back to India to start a textile trading business, and Dhirubhai Ambani founded Reliance Industries. The early Mukesh Ambani’s lifestyle was not a super lavish one. The family residence was a humble apartment, and Mukesh used public transportation for commute and worked to cover his expenses. The company’s soar to success came later, and by the time of Dhirubhai’s (Mukesh’s father) passing, it was worth $25 billion.
“Our own childhood was totally different. I guess when you are left on your own; you find your true potential. I remember my father never came to our school even once. Nevertheless, he was hugely interested in our all-round development for which he did some amazing things.” -Mukesh Ambani
“My father shared with me his passion for business and entrepreneurship from very early on. Even when I was in high school, I used to spend long hours at the office on weekends.” -Mukesh Ambani
Ambani attended Stanford University to get an MBA degree but never finished. His father was a believer in the supremacy of hands-on experiences over formal business education and called Mukesh back for help. The 24-year-old Mukesh took on the management of a yarn manufacturing project in Reliance, which was still a small company at the time. Reliance used synthetic fabrics, the material of which was made in petrochemical facilities. Ambanis decided to extend the company to the petrochemical industry as well.
“I am a big believer that whatever has gone lies in the past. You should only learn from it, and you should only look at the present and the future. That’s been my father’s philosophy and mine as well.” -Mukesh Ambani
Today Reliance Industries Ltd is engaged in textiles, petrochemicals, energy sector, natural resources, telecommunications, and retail.
“The organizational architecture is really that a centipede walks on a hundred legs and one or two doesn’t count. So, if I lose one or two legs, the process will go on, the organization will go on, the growth will go on.” -Mukesh Ambani
So how does Mukesh Ambani’s Lifestyle go today? Mukesh Ambani owns 47.35% of Reliance’s shares. He is the chairman and managing director fo the company as well.
“Our established businesses of hydrocarbons, energy, and petrochemicals pretty much run on their own, with their own proven leaders. This has helped me focus almost exclusively on two things: Firstly, new businesses. And secondly, institutionalizing what I call the Reliance Management System.” -Mukesh Ambani
Ambani commissioned Jamnagar Refinery in Jamnagar, Gujarat, India. The refinery has a capacity of 668,000 barrels of oil per day and is the world’s largest refinery facility. According to Financial Express, there are ongoing plans to expand the complex to an even larger capacity.
Ambani is also the chairman of Jio, a large telecommunications company in India. The company provides mobile broadband, fiber internet for homes, electronic gadgets such as affordable phones, and also a set of mobile apps.
“Broadband and digital services will no longer be a luxury item – a scarce commodity – to be rationed amongst the privileged few.” -Mukesh Ambani
According to Forbes, Jio is one of the world’s largest carriers, with an estimated 400 million subscribers. A few months ago, Facebook announced an investment of “$5.7 billion for a 9.99% stake in India’s Reliance Jio Platforms,” Tech Crunch reported. Jio unveiled JioMeet, a video conferencing service like Zoom.
“I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times.” -Mukesh Ambani
On March 8th of 1985, Mukesh Ambani got married to Nita Ambani, holder of a bachelor’s degree in Commerce and professional Bharatnatyam dancer. Nita is engaged in philanthropic activities and helps in managing the wast Ambani industries.
Together they parent two sons, Anant and Akash, and a daughter named Isha. Akash and Isha are twins. According to Business Insider, Akash is a member of the board at Jio and Isha, is on the board of Reliance Retail. She and her twin half have both studied in Ivy League universities in the USA.
“Invitees to the pre-wedding festivities, in the central Indian lake city of Udaipur, range from international and local celebrities such as Beyonce and Shah Rukh Khan; to politicians like Hillary Clinton and business tycoons including Henry Kravis, according to people familiar with the matter…”
Ambanis got into some rivalry after the passing away of Dhirubhai Ambani. The company was split between brothers in a deal brokered by their mother, and Mukesh attained control over the oil and petrochemical sectors of the company.
“Relationships and trust. This is the bedrock of life.” -Mukesh Ambani
The family has a central role in Mukesh Ambani’s lifestyle. Their business is family owned and managed by family members. It is noteworthy that Mukesh Ambani’s home in Mumbai is the world’s most expensive private residence with an estimated value of over $2 billion! The 27-story Antilia has extra high ceilings that have rendered the building over two times taller than a conventional building of the same story number. The complex includes three helipads, a ballroom, a theater, a garden, and even a temple. Antilia has six stories dedicated to parking space only, which can host up to 160 cars. The home is designed to withstand earthquakes up to 8 Richters. An army of 600 staff members works on the premise to maintain the building and cater to the residents’ needs. India today has posted some pictures of the mansion you can view by following this link. Another report by Vogue India takes us inside the modern-time palace available at this link.
Ambani used to be a huge hockey fan. In an interview with the New York Times in 2008, he said:
“We never studied. We went out and learned how to play hockey. And we went by bus, and we went by train, and we said, ‘This is what life looks like.”
Mukesh and Nita Ambani are the owner of Mumbai Indians, the Indian Premier League cricket team.
Mukesh Ambani’s lifestyle can be considered as traditional food-wise. He prefers traditional Indian food and is a vegetarian.
“Oh, I can eat it all. From street food to haute cuisine in a posh restaurant. But I go for the entire experience. The food and ambiance. My wife, Nita, has taught me that it’s the value that’s added to food that counts.” -Mukesh Ambani
According to the South China Morning Post, “Mukesh Ambani has never touched an alcoholic drink in his life”.
Mukesh Ambani’s Lifestyle is filled with movies. He is reported to be an avid lover of cinema. Times of India reports:
“The richest Indian spends Sundays with his mother and children and catches up on movies. He loves Hindi movies and doesn’t miss a single one. Will also watch all the latest Hollywood releases. His friends swear by his verdict on a film (whether it’ll be a hit or flop), and they claim he is rarely off the mark”
According to Most Recommended Books.com, Ambani recommends the two following books:
- Leonardo da Vinci by Walter Isaacson
- Origin by Dan Brown
“Dance to your own music and take some risks in life, because it is often the risk-taker who changes the course of history, and contributes to the well-being of millions of lives.” -Mukesh Ambani