Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian business magnate. He is the chairman and managing director of Indian conglomerate Reliance Industries,[4] the largest private sector enterprise in India listed in Fortune 500 magazine.[5] His personal stake in Reliance Industries is 48%.[6] On the 29th of August' 2011, Reliance Industries regained its status as the most valued firm in India, after a heady contest with ONGC and Coal India Ltd., both public sector units as well as energy giants.[7]
In 2010, he was named among the most powerful people in the world by Forbes in its list of "68 people who matter most"[8] As of 2011, he is the second richest man in Asia[9] and the ninth richest man in the world with a personal wealth of US$27 billion. In 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalisation of Reliance group companies, briefly making him the world’s richest man.[10][11][12] According toForbes Magazine forecasts, he is expected to regain the title of the richest man in the world in 2014.[13][14]
He is a member of the board of directors of Bank of America Corporation and a present member of the international advisory board of the Council on Foreign Relations.[15][16][17]
CAclubindia
