Asia's Richest Man: What is Mukesh Ambani's Net Worth and How Did He Get It?

As the chair and head of Reliance Industries Ltd., Mukesh Ambani is known as the richest man in Asia. The company operates in multiple industries such as telecom, retail, and oil and gas. They're also poised to follow a strong financial trajectory into 2022, thanks to a wealth of new acquisitions, including New York's Mandarin Oriental hotel. Other recent acquisitions and mergers include partnering with 7-Eleven to open multiple locations in India, and acquiring a 60% stake in Netmed's parent company, Vitalic.

But who exactly is Mukesh Ambani? The India-born business leader has sat on the Reliance Industries board of directors since 1977. While in his position, Mukesh was responsible for the company's most notable achievements, including the creation of the world's largest grassroots petroleum refinery in the late 1990s. Mukesh's father, Dhirubhai Ambani, passed away in 2002, which left the company and its assets to him and brother, Anil.

Gaining Recognition As a Great Leader

As Mukesh fulfilled his role to lead Reliance Industries, the company's acquisitions and revenue rose—as did Mukesh Ambani's list of awards and recognitions. The business leader's list of accolades include being named the 2017 Economic Times Business Leader of the Year, one of TIME 100's Most Influential People in 2019, and one of the Top 5 World's Most Famous, Most Reputable CEOs by Brand Finance, amongst others.

A Steadily Rising Net Worth

Mukesh Ambani is the richest person in India and Asia. As of January 2022, he held the title of 11th richest person in the world, according to the Bloomberg Billionaires Index. Ambani was placed on the index behind Warren Buffet and Larry Ellison. For a brief period in 2021, Ambani held the 10th spot in this index—with a net worth of $101 billion—but stock market falls ultimately resulted in significant losses for the billionaire.