Mukesh Ambani and his family are frequently in the spotlight due to their immense wealth. Their opulent lifestyle often makes headlines, whether it’s their collection of luxury cars, usually accompanied by a large convoy of equally extravagant vehicles or their purchase of properties and other expensive assets. Recently, the Ambanis garnered global attention for spending over Rs 5,000 crore on the wedding of their youngest son, Anant Ambani, to Radhika Merchant, the daughter of Viren Merchant.
A few years ago, according to a Times of India report, the Ambanis reportedly spent around Rs 700 crore on their daughter Isha Ambani’s wedding to Anand Piramal. The Ambanis are well-known for their extravagant lifestyle, including their 400,000-square-foot Mumbai residence, Antilia, which is the world’s second costliest home worth Rs 15,000 crore. The family receives Z+ security cover from the police and government, which includes 36 personnel, including over 10 NSG commandos and police personnel.
With a business empire worth Rs 25,75,000 Crores, Mukesh Ambani’s family wealth is equivalent to 10% of India’s GDP. Here’s all you need to know
The Ambani family has been ranked as the most valuable family business in India, according to the 2024 Barclays-Hurun India report. Their business empire, valued at Rs 25.75 trillion (Rs 25,75,000 crore), is nearly one-tenth of India’s entire Gross Domestic Product (GDP). The rankings are based on company valuations from March 2024, and the calculation method excludes private investments and liquid assets.
The value of Asia’s richest family includes their share in major subsidiaries of Reliance Industries Limited. Established in 1973, Reliance Industries Limited has grown into one of India’s largest and most influential conglomerates. Founded by Dhirubhai Ambani, the company started as a small textile business and has since expanded into many sectors, including petrochemicals, refining, oil and gas exploration, retail, telecommunications, and more. Under the leadership of Mukesh Ambani, RIL has become a global powerhouse. Headquartered in Mumbai, the conglomerate has a workforce of 389,415 people worldwide.
Last year (2023), Reliance Industries Limited appointed Akash, Isha, and Anant Ambani, the three children of Nita and Mukesh Ambani, as board directors. Akash Ambani currently serves as the Chairman of Reliance’s telecom unit, Jio Infocomm, while Isha Ambani oversees the company’s retail and e-commerce ventures. Anant Ambani heads the company’s energy businesses. Nita Ambani, who resigned from the board last year, continues to be the chairperson of Reliance Foundation.
