Success Story of Mukesh Ambani – Richest Man of India

When we look at the life of Mukesh Ambani. We realise that it takes immense hard work to attain such a level of success. I know, he is a prominent personality, but if some of you don’t know much about him, you are at the perfect platform. So, let me start by introducing you to India’s richest man and 4^th richest person in the world – Mukesh Ambani. I hope the Success Story of Mukesh Ambani – Richest Man of India would give you a gist of how hard work and determination are the keys to success. So, let’s begin.

Introduction

Mukesh Dhirubhai Ambani is an Indian billionaire business tycoon, and also an idol for Young Entrepreneurs. He is the chairman, managing director, and the largest shareholder of Reliance Industries Ltd. (RIL). The richest person in Asia, with a net worth of US $88.8 billion, surpassing many business tycoons, and as of September 2020, he is declared as the 4th richest person in the world.

Now, let me begin the success story of Mukesh Ambani from the start, his early life, the obstacles he faced, and his comeback to overcome the problems.

Early Life of Mukesh Ambani

Mukesh Dhirubhai Ambani was born on 19 April 1957 in the British Crown colony of Aden. He is the son of Dhirubhai Ambani (Business Tycoon and the founder of Reliance Industries) and Kokilaben Ambani. He has a younger brother Anil Ambani (Another business tycoon), and two sisters. One is Nina Bhadrashyam Kothari, and another one is Dipti Dattaraj Salgaocar.

Ambani lived in Yemen for a very short time, as his father Dhirubhai Ambani decided to go back to India in 1958 to begin a trading business that concentrated on spices and textiles. The latter was originally named “Vimal” but later swapped to “Only Vimal.” His family resided in a modest two-bedroom apartment in (Bombay) Mumbai until the 1970s. The family’s financial status moderately improved when they moved to India. Even then, Ambani resided in a communal society, used public transportation, and never received an allowance.

Every successful journey starts with struggle. Success is not achieved overnight, it requires focus and perseverance. The success story of Mukesh Ambani inspires you and makes you believe in yourself.

“I am working towards the modification of India into a digital society, and that digital society incorporates all the future industries so that the next 30 years of India is 100 times, like what we had never imagined”, said Ambani in an event.

Road to Success

The road to success is paved with failures and struggles. Success is not built just on confidence. It is built on failure, on obstacles, on frustrations, and sometimes on catastrophe.

Difficulties Faced By Mukesh Ambani

He faced many highs and lows in his career and even in his personal life. Relations got worse with his younger sibling, Anil Ambani (another business tycoon and chairperson of Reliance ADA Groups) after the sad demise of their father, due to a stroke. Mukesh Ambani also faced a major setback when the NDA (National Democratic Alliance) government slammed Ambani with a fine of $579 million on the Reliance Petroleum Industry. That was not it, the AAP leader, Arvind Kejriwal accused him of interfering in the government work by doubling the price of natural gas.

Comeback

In February 2016, Ambani led “JIO” launched its own 4G smartphone brand named “Lyf” (pronounced life). By June 2016, it was India’s 3rd largest selling mobile phone brand. The release of smartphones was very beneficial for people.

 The release of the service Reliance JIO Infocomm Limited, commonly known as JIO. In September 2016, JIO accomplished great heights, and Reliance’s shares rose to a great height. 

During the 40th annual general meeting of (Reliance Industries Ltd.) RIL announced bonus shares in the ratio of 1:1, which is the country’s largest bonus ever issued, and he also announced the JIO phone at an effectual price of 0. One estimation states that “Ambani’s personal wealth was enough to fund the operations of the Indian federal government for 20 days.”

“It is important to remember that there are no overnight successes. You need to be dedicated, single-minded, and there is no substitute to hard work.” – Mukesh Ambani

Astonishing Achievements

• Reliance’s JIO is the country’s largest telecom operator by surpassing Vodafone, Airtel, and many more.

• Forbes renowned it as the richest Indian family for the 13^th year with a net worth of $88.8 billion. The only Indian business tycoon on the Forbes list of the most powerful people in the world. And right now, he is India’s richest man and maintaining this position for 6 years.

• Mukesh Ambani was ranked by Forbes as the 13th wealthiest person in the world. According to the Bloomberg Billionaires Index, He surpassed Chinese Jack Ma, the executive chairman of Alibaba Group, to become Asia’s richest person with a net worth of $44.3 billion in July 2018.

• As of 2015, Ambani was ranked fifth among India’s philanthropists, according to China’s Hurun rich list from Hurun Research Institute.

•  He was declared as the director on the board of Bank of America and become the first non-American to be on its board.

• Through Reliance, he also owns the Indian Premier League(IPL) franchise Mumbai Indians and is the founder of the Indian Super League(ISL), a football league in India.

• He has made the cut in TIME magazine’s list of the 100 most influential people of 2019 in the world.

I really feel that one can achieve success if he or she is determined and focused on their goal. Story of India’s richest man-The Success Story of Mukesh Ambani apprises us that “Success is not procured overnight“. It approaches in installments. You get little today, a little tomorrow until the whole package is given out. But the day you start procrastinating, you lose that day’s success.

 Hope this article, Success Story of Mukesh Ambani – Richest Man of India inspired, and motivated you a lot.

For more articles you can refer to:

1. Story of Apple – The Success Story of Steve Jobs
2. Story of Amazon – The Success Story of Jeff Bezos
3. Story of Flipkart – The Success Story of Sachin Bansal