Mukesh Ambani chairs and runs $110 billion (revenue) Reliance Industries, which has interests in petrochemicals, oil and gas, telecom and retail.
Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer. After his father's death in 2002, Ambani and his younger sibling Anil divvied up the family empire.
Reliance's telecom and broadband service Jio has close to 450 million subscribers. In August 2023, Reliance listed its finance arm, Jio Financial Services.
Ambani is pivoting Reliance into green energy. The company will be investing $80 billion over the next 10-15 years on renewable energy and building a new complex next to its refinery.
Ambani's three children joined the board of Reliance in August 2023. Son Akash heads Jio; daughter Isha oversees retail and financial services; and younger son Anant is in the energy business
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