Mukesh Ambani, the chairman and largest shareholder of Reliance Industries, is one of the wealthiest individuals globally. Mukesh Ambani’s net worth in 2024 and his sources of income have become a keen topic of significant interest among the general public and financial experts alike.
So, what is the net worth of business tycoon Mukesh Ambani in 2024? Read on to find out what contributes to his immense fortune.
What is Mukesh Ambani’s net worth in 2024?
Mukesh Ambani has an estimated net worth of $123 billion in 2024.
Ambani is renowned for his leadership of Reliance Industries, a conglomerate with interests in petrochemicals, oil and gas, telecom, retail, and financial services. His younger son, Anant Ambani, recently married his long-time sweetheart, Radhika Merchant. The extravagant wedding celebrations drew celebrities from around the world, including Beyoncé, Leonardo DiCaprio, Justin Bieber, FIFA President Gianni Infantino, Google CEO Sundar Pichai, Microsoft CEO Satya Nadella, Microsoft founder Bill Gates, and many Bollywood personalities.
Mukesh Ambani’s earnings explained — how do they make money?
Mukesh Ambani has amassed a significant amount of wealth from various profitable sources, primarily through his business empire.
Reliance Industries
Reliance Industries is the cornerstone of Ambani’s net worth. The conglomerate is heavily invested in petrochemicals and refining. Its petrochemical division produces polymers, polyesters, and elastomers, generating significant revenue. The refining segment, with one of the world’s largest refineries, adds billions to Ambani’s net worth annually.
Telecom (Jio)
Ambani revolutionized the Indian telecom industry with Jio, offering affordable data and connectivity services. Jio rapidly grew to become one of the largest mobile network operators in India. With millions of subscribers, Jio’s valuation soared, contributing massively to Ambani’s wealth. The telecom giant’s market share and innovative services continue to ensure substantial earnings.
Retail
Reliance Retail is another major contributor to Ambani’s income. It is the largest retailer in India, operating a vast network of supermarkets, convenience stores, and e-commerce platforms. The retail division has seen tremendous growth. Its strategic acquisitions and partnerships keep it at the forefront of India’s retail market.
Financial Services
Reliance’s financial services arm, though smaller compared to its other ventures, is growing steadily. It offers services, including asset management, insurance, and financial products. This division, while not the largest source of income, diversifies Ambani’s revenue streams and adds to his overall revenue.
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