5 Facts About Mukesh Ambani’s Net Worth
Mukesh Ambani’s net worth is $19.3 billion.
The Indian billionaire made his fortune through Reliance Industries, a conglomerate that dips its toes into all kinds of businesses. Although most of his wealth comes from the oil and gas sector, he has weathered its slump and kept his top spot as India’s wealthiest person.
Here are some facts you may not know about Mukesh Ambani.
1. Ambani Spent $1.0 Billion on a House
Several years ago, Ambani commissioned a 27-storey home to be built in the heart of Mumbai, India. The city is awash in poverty, so maybe it wasn’t the classiest thing to do. But there’s no denying that the Ambani house is truly a spectacle. When was the last time you heard of a house with three helipads? It also has parking spaces for each of his 168 cars, a movie theatre, and 600 staff members. (Source: “Inside The World’s First Billion-Dollar Home,” Forbes, April 30, 2008; http://www.forbes.com/2008/04/30/home-india-billion-forbeslife-cx_mw_0430realestate.html.)
2. He Once Bought His Wife a $62.0-Million Private Jet
Although he isn’t fond of celebrating his own birthday, Ambani loves to lavish expensive gifts on those around him. He once bought his wife a private jet valued at $62.0 million. It was an unexpected gift on her 44th birthday, which is no surprise considering that he is such a devoted family man. No matter what’s going on in his professional life, Ambani spends every Sunday with his family. (Source: “Mukesh Ambani gifts wife jet on birthday,” Reuters, November 2, 2007; http://in.reuters.com/article/idINIndia-30294620071102.)
3. His Security Detail Costs About $285,000
The government of India provides protection for high-risk individuals, such as Supreme Court judges, Cabinet ministers, and business leaders. They even have a category system to assess how many guards are needed. You can be categorized as “X,” “Y,” “Z,” or “Z+” (low to high) depending on how many guards you need. As the wealthiest man in India, it makes sense for Ambani to have a security escort. He pays $285,000 a year for 22 guards, putting him in the “Z” level of security. (Source: “Mukesh Ambani Gets Cabinet-Level Security,” The Wall Street Journal, April 23, 2013; http://blogs.wsj.com/indiarealtime/2013/04/23/mukesh-ambani-gets-cabinet-level-security/.)
4. Ambani Spent $1.26 Million on a Custom BMW
It goes without saying that Ambani’s BMW 760Li has a few modifications from the base model. This isn’t any old BMW—it’s more like a lightweight tank. The car is layered with heavy armor, which is why it weighs a whopping 2.5 tonnes. But even with those alterations, the car doesn’t actually cost $1.26 million. India has an enormous import duty on armored cars (300%). That’s where the real expense is hidden. (Source: “World’s most sophisticated armoured Mercedes for Mukesh Ambani,” Hindustan Times, June 21, 2015.)
5. He Makes About $2.2 Million in Annual Salary
Ambani capped his annual salary for the last seven years. He makes 15 crore rupees, which converts to roughly US$2.2 million. (Source: “Mukesh Ambani Keeps Salary Capped at Rs 15 Crore for 7th Year,” NDTV, May 20, 2014; http://profit.ndtv.com/news/corporates/article-mukesh-ambani-keeps-salary-capped-at-rs-15-crore-for-7th-year-764730.) While that’s still a lot of money, it pales in comparison to the exorbitant CEO pay here in America. In 2014, CEOs for large American corporations made an average of $16.3 million. (Source: “Top CEOs make more than 300 times the average worker,” Fortune, June 22, 2015.)
Mukesh Ambani’s Net Worth by Year
Data source: Forbes