does mukesh ambani own a yacht

Ambani's Jets, Mittal's Yachts: Luxurious Rides Of The Ultra-Rich

Who Owns What

Private yachts and customised planes. Check out the travel modes of the jet set that double up as meeting venues, party hangouts and spots to host special occasions. For those Indians — and those with desi roots — who are counted among the world’s wealthy, island hopping in Europe aboard their customised 200-feet yacht or taking off in their bespoke jet across the continent are but a way of putting a monogram on their commute. Take a look at the rides of the jet set:

Lakshmi Mittal’s Amevi

In 2014, this London-based billionaire was spotted relaxing on the Greek island of Mykonos, dressed casually in a white T-shirt and baggy shorts. A newspaper report speculated that while Mittal lounged on the beach alongside other tourists, his 262-feet-long yacht Amevi was parked in the waters nearby. Some amenities on board: Sun decks, a heated swimming pool, a cinema, a gym, a massage room, a hairdressing salon as well as a unique, stabilised pool table to name a few.

Mukesh Ambani’s Boeing Business Jet

More than a decade ago, it was reported that Ambani gifted his wife, Nita, a private jet on her 44th birthday. It was said at the time that this jet was “custom-fitted with an office and a cabin with game consoles, music systems, satellite television and wireless communication. It also has a master bedroom, a bathroom with a range of showers and a bar with mood lighting”. As his personal ride, Ambani reportedly favours a Boeing Business Jet. “Most often, they want access to the same amenities in the air.” That’s how the airplane maker describes their customer’s requirement, a.k.a, a flying home, as that’s what’s wanted.

Ravi Ruia’s Sunrays

“The ultimate guest and owner’s yacht.” That’s how the captain of Sunrays, delivered in March 2010 describes it. According to a description of the yacht available on the Oceanco’s website, “The upper deck is given over to the owner’s suite and an adjacent VIP suite that can be combined to create one expansive living area. Both suites have fold-down sea balconies. The owner’s exterior foredeck hosts a whirlpool and sunbathing area. The remainder of the yacht’s accommodations for up to 16 guests is on the main deck with one VIP stateroom and four guest cabins.” The large dining room can be converted into a video conference room with the optional use of the adjacent library. Foldable sea balconies provide guests unimpeded views while dining.

Kumar Mangalam Birla’s Cessna Citation

A blog published by an apparel brand, owned by the Aditya Birla Group, documented the private jets of India’s rich and famous. The listicle included the jets owned by Birla, the Group’s chairman. It said, “Few people know that this sharp, business-minded entrepreneur also has a sweet tooth, when it comes to sweet flying machines, with his Gulf Stream (G100) and Cessna Citation...It’s believed that Citations are the world’s most established, well-liked and most trusted fleet of business jets. The jet has high-tech design of pilot-friendly flight decks and luxury cabin interiors. Birla is often spotted taking a ride in his luxurious aircrafts.”

Sunil Vaswani’s Platinum

This Dubai-based billionaire’s yacht is apparently a fixture in the Mediterranean and was even spotted at the French Riviera around the time that the Cannes Film Festival was held this year, with others in the list for company. Vaswani, who is considered to be one of the richest Indians in the Gulf Cooperation Council (GCC) countries, was once described as he “who lives on multiple continents and sails the Mediterranean each summer in an all-purpose luxury yacht”. The logo of the Stallion Group, which he heads, adorns the yacht.

Ratan Tata’s Dassault Falcon 2000

Tata’s love for aviation is an open secret. But he is perhaps one of the handful of billionaires in the world who not only owns a private jet, but even flies one. “A lot of people know that Ratan Tata owns a Dassault Falcon 2000 private jet but, what they do not know is that since Tata is a trained pilot, he even flies his own private jet and other jets owned by the Tata group,” said an earlier report.

Reuben Brothers’ Siren

“While watching the boat slowly taking shape in Rendsburg, we suddenly became aware of how seductive and mysterious she seemed. We just knew then that we had to call her SIREN and we are absolutely delighted with the result.” That’s the quote attributed to the owner of the 241 feet-long Siren, on the website of Nobiskrug, the German company that built the yacht. Presumably the owner quoted in question is either David Reuben or his brother Simon. Commonly referred to as the Reuben Brothers, they trace their roots back to Mumbai, and are counted among the UK’s richest individuals. Theirs is an award-winning superyacht with a foldable helicopter platform, that can double up as “a sundeck, a dance floor or a stage”.

Adar Poonawalla’s Gulfstream G550

Earlier this year, this scion became the first Indian to take delivery of a fully customised, ACH145 helicopter by Airbus. While his new ride, with a seating capacity of eight is great for covering relatively shorter distances, his Gulfstream G550 aircraft is reportedly his transportation of choice for long-haul journeys. In an earlier interview, Poonawalla had said, “With a 13-hour range, it (his jet) can take me to anywhere in the world with a single halt.” The report further added, “The plane can also come in handy when he (Poonawalla) craves continental food and in case he wants to fly in Michelin star chefs to cook for his friends and him.”

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Meet Billionaire Owner Of The World's Most Expensive Yacht Amevi; It's Worth Rs 1,000 Crore

I t's not news that the world's top billionaires own ridiculously expensive things, from luxury cars to opulent houses and private jets. We have all witnessed that the ultra-rich have a penchant for all things luxury.

But the world's most expensive yacht, the Amevi superyacht, can put even the most extravagant things. And it is owned by none other than the steel magnate Lakshmi Mittal.  Here's all about Amevi.

All about  superyacht  Amevi

Mittal owns a 262-metre Amevi superyacht worth around Rs 1,000 crore. The yacht has a swimming pool, gymnasium, spa and cinema hall. Amevi features a magnificent sky lounge, offering panoramic views and a large terrace to get to the sun decks. It also features a massage room, salon, helipad, and stabilised pool table.

The Amevi superyacht was built in 2007 by Oceanco, a shipyard based in the Netherlands and designed by Nuvolari Lenard. Oceanco is a team of experts who merge the expertise of old-world Dutch craftsmanship with cutting-edge technology to create unparalleled masterpieces.  

Renowned luxury yacht designer Alberto Pinto has designed the interiors of Amevi. It accommodates 16 guests in its 8 VIP rooms and can carry over 20 crew members.

The owner's suite on the upper deck features a cut above the rest with a full-beam design. It also includes a lounge and private outdoor space with two jacuzzis.

The yacht has twin MTU 16V 595 TE70 engines with a total power of 9,100 HP (6,800 kW). The yacht reaches a maximum speed of 18.5 knots or 34.3 kmph, with a cruising speed of around 14 knots or 26 kmph.

Ranked the 7th richest Indian globally, Mittal has embarked on voyages to India, Spain, Gibraltar, and Norway aboard his lavish yacht.

Most expensive yachts by Indian billionaires

Other prominent Indian billionaires who possess yachts include Mukesh Ambani, Anil Ambani, Adi Godrej and Gautam Singhania, among others.

Mukesh Ambani, Asia's richest man, reportedly owns an ultra-luxury yacht shaped like a horseshoe, boasting a mind-boggling cost of $100 million. Stretching an impressive 58 meters, the yacht is replete with luxurious amenities, including private suites, a spa, a 25-meter swimming pool, and a lounge bar.

Not to be outdone, his younger brother Anil Ambani, accompanied by his wife Tina Ambani, also purchased a yacht named TIAN, though the exact cost, rumoured to be around Rs 200 crore, remains undisclosed.

Former billionaire Vijay Mallya once used to own a yacht named the Empress of India, which he had bought for an undisclosed amount in 2006. Mallya said in 2018 that the 95-metre yacht was sold for 43.5 million.

For more on news and current affairs from around the world, please visit  Indiatimes News.

Salman Khan To Mukesh Ambani; Richest Indians Who Own Luxury Private Yachts

By Mashable India

23 June 2023

1. Salman Khan

Khan reportedly purchased a yacht worth rs 3 crore in 2009 and replaced it with a new, more expensive model on his 50th birthday in 2015, 2. mukesh ambani, mukesh ambani is the richest man in india and reportedly owns a yacht worth us 100 million dollars., 3. lakshmi mittal,  indian steel tycoon and the executive chairman of arcelormittal, mittal, owns a 80-metre superyacht, amevi, built by oceanco. the ride costs around us 125 million dollars., 4. tina ambani's yacht, anil ambani reportedly gifted his wife tina ambani a yacht worth $84 million or rs 400 crore., 5. gautam singhania, chairman of the raymond group, gautam singhania reportedly owns a luxurious yacht named my ashena..

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5 Indian Celebrities And Business Tycoons Who Own Lavish Yachts

Be it business tycoons or celebrities both make headlines with their extravagant purchases. Be it private jets, vanity vans, etc. celebs and tycoons do own one. One of such extravagant purchases is Yacht. This sailing vessel is generally used for sailing, cruising and also racing. Our Indian celebrities and tycoons have already invested in yachts and here are the names.

1. Mukesh Ambani

Indian business magnate Mukesh Ambani loves yachts and owns one which looks nothing less than a floating palace in the sea. It is a 3 deck luxurious and uniquely shaped yacht about 58 metres long and 38 metres wide. There is a lift that connects the decks. The yacht is rumoured to be about 78 million pounds sterling. 

2. Laxmi Mittal

Laxmi Mittal is popularly known as a steel magnate in India and owns one of the largest yachts in the world which is about 80 metres named Amevi. The Yacht has 8 VIP staterooms. Mittal has his own cabin with lavish furniture and Italian marble used in the bathroom. The yacht is about 113 pounds sterling and was built in the Netherlands. 

3. Salman Khan

In the ‘Tiger Of Bollywood’, Salman Khan owns some of the most lavish things and adds to it a yacht. On his 50th birthday in 2016, the actor had gifted himself a yacht reportedly worth 3 crores. He has been hosting a lot of parties on the yacht for his close friends and family. The actor also prefers sailing on his private yacht to unwind with his close friends. 

4. Gautam Singhania

Chairman of the Raymond Group, Gautam Singhania owns a luxurious yacht named MY Ashena. He loves collecting luxury vehicles and his yacht is one of them. The three decked luxurious yacht is completely made out of Burma teak wood. The yacht was constructed in 5 years.it is reportedly said that Gautam spends a whopping amount of 51 crores on the yacht. 

5. Anil Ambani

Anil Ambani, an Indian business tycoon, gifted a luxurious yacht to his wife, Tina Ambani. Including construction and import charges, Anil Ambani paid about 63 million pounds sterling. The yacht is generally anchored near the Gateway of India and the couple does go to exotic locations on it. 

Also read:  5 Most Expensive Private Jets Owned By Bollywood Celebrities

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Super Luxury Yachts Owned by Top Indian Celebs

Last Updated: April 27, 2022

India’s richest and well-known men (representing business and entertainment) own some of the most impressive and stylish yachts

1. mukesh ambani.

Mukesh Ambani is the richest man in the country, so you can imagine the magnanimity of his choicest possessions, especially his luxury yacht which set him back a whopping amount of over US$ 100 million. Measuring somewhat close to 58 meters long and about 38 meters wide, its pictures reveal that it is nothing short of a floating mansion on the high sea, spread over three sprawling decks.

There are many cool features that promise absolute entertainment and relaxation onboard. It comes with a retractable solar glass roof and further fitted out with a vast spectrum of comforts and facilities. Besides exclusive space for a helipad, the high-tech yacht also includes personal guest suites, sauna, massage room, spa, piano lounge bar, outdoor sunbath area, and a pool that spans over 25 meters.

2. Vijay Mallya

Vijay Mallya, the former owner of Kingfisher Airlines, has always been a pacesetter and his love for the prized materialistic luxury is evident from his high-end purchases including Kalizma (a 50-meter yacht) and the mega yacht, Indian Empress. Not to mention, he is one of the firsts in the country to kick off this trend of owning luxury yachts. Al though Indian Empress was confiscated in 2018 due to Mallya’s legal battles, this breathtaking 95-metre yacht deserves to be on this list due to its plush features and high-end amenities.

This yacht was originally made for the member of a royal Qatari family, before Mallya owned it by paying a jaw-dropping amount of over $112 million in 2006. It is so expansive and massive that it boasts of a lavish master suite and some 15 plus guest staterooms. Add to this stunning interiors enhanced by an array of glam features like helipad, gym, Jacuzzi, beauty salon, massage room, and spacious deck spaces. Given an ardent party lover, he made this yacht a venue for several prestigious celebrations including the parties during Monaco Grand Prix which was mainly graced by A-list guests.

3. Lakshmi Mittal

Lakshmi Mittal, the Indian steel tycoon and the Executive Chairman of ArcelorMittal, is another popular super yacht owner in India. Amevi, the approximately 80 meter yacht, has been in his ownership ever since he bought it for a dear amount of $125 million in 2007. A Netherland-based company, Oceanco, built this superyacht, which is one of the largest in the world. Featuring twin engines (MTU 16V 595 TE70) with the combined power of more than 9,000 horsepower, this top class luxe vessel can cruise up to a speed of 34 kilometers per hour (18.5 knots).

Amevi has a glossy and stylish aluminum structure with a steel hull. Speaking of its magnificent interiors, it is meticulously decorated by the well-known luxury yacht designer, Alberto Pinto. The majestic vessel is catered by 20 plus crew members and can accommodate up to 16 guests in its eight VIP staterooms. While the main cabin is double and adorned with luxe fittings (including cherry furniture and Italian marble), each of the guest’s cabins is twin and has all facilities such as huge television, en-suite bathrooms etc. The vessel is also replete with a pool, gym and public areas.

Contrary to other yacht owners who rent or charter out their yachts, Amevi is solely for Mittal’s personal use. It is mostly spotted cruising at Barbados area.

4. Anil Ambani

Anil Ambani, the brother of Mukesh Ambani, is another business magnate who has splashed his wealth on buying a luxury yacht. It is named TIAN, which combines the first two letters of Anil and his wife, Tina. In fact, he made this astounding purchase worth $80 million as a gift to his wife. Marked by elegant style, inspiring décor and state of the art engines, it encompasses six marvelous cabins which can host up to 12 guests. Since its possession in 2008, the couple has sailed to some cool and striking locations.

5. Gautam Singhania

The Raymond Group’s chairman, Gautam Singhania, bought the yacht – Ashena, in 2006. Like most other yachts in this list, it has everything to guarantee an opulent stay or outing on water. But, what makes it different and uniquely appealing is its classic structure that is mostly built using Burma teak. With its high performance Volvo engines, it can attain a maximum speed of up to 20 kilometers per hour (equivalent to 11 knots). Besides a crew of 8, it offers space for up to 10 guests, making it ideal for intimate gatherings.

6. Salman Khan

The Dabangg star of Bollywood, Salman Khan, is known for his obsession for cars and bikes. But, did you know he also own a classy luxury yacht? Yes, he bought it to gift himself on his 50 th birthday in 2016. Since then, it has remained one of the actor’s favorite spots to throw private parties or getaway with his dear friends and family members. With a capacity to host not more than 10 people, it is moored (when not in use) at a sheltered location in Alibaug.

Navigating a stunning place aboard a luxury superyacht may be a distant dream for most of us. But for affluent and rich, this is a way of life that allows them to break away from their hectic routine. After all, these vessels are a real palace on water that promises them the best of both worlds. So, which is your favorite celebrity yacht in this list? Come let us know in the comment section below.

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Aparna Sisodia

A free spirited girl who loves to eat and talk about street food. During spare time, she loves to read, travel, and experiment with ingredients in kitchen, while cherishing those moments by chronicling them.

These rich Indian business tycoons and celebs are copying their foreign counterparts and splurging money on unnecessary things.

Money can fulfil all types of wishes.

I didn’t have the knowledge of yacht owners offering their yachts for rent or charter. Lakshmi Mittal is exceptional.

There are some rich from whom you can rent or charter a yacht.

Going by the looks and size, my favorite celebrity yacht is the one that Mukesh Ambani owns.

Excellent choice.

If I had been as rich as these people, I would not have spent money on yachts. When renting one can give the same feeling and experience, why reduce the bank balance, and buy a yacht.

We appreciate your thought.

The rich and celebs are whimsical by nature. They can go any length to fulfil their whims. Commoners like us can also express exaggerations.

You are right.

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From Luxury Cars To Yachts & Private Aircrafts, 7 Expensive Things Owned By Mukesh Ambani

By Rinie Wilson

| Published on March 4, 2020

According to the latest report of Hurun Global Rich List 2020 , Mukesh Ambani is number 1 in Asia and the ninth richest person in the world. RIL’s Chairman Mukesh Ambani ‘s net worth is estimated at Rs 4,80,700 crores or $ 67 billion.

As per the report, Mukesh Ambani’s earnings grew by 24 percent, making him the richest businessman in India. In 2019, Mukesh Ambani has earned around Rs 7 crores every hour.

The businessman who topped this list is none other than Amazon ‘s CEO Jeff Bezos .

So let’s have a look at some of the prized possessions owned by Mukesh Ambani & his family.

1. Rolls-Royce Phantom

The base on-road price of a Rolls-Royce Phantom in Mumbai is Rs 13.5 crore. However, this is the price without any customization option and we all know that Rolls Royce is known for its customized products. So we can safely say that the car in the Ambani’s garage is worth much more than Rs 13.5 crore, making it one of the most expensive Ambani vehicles.

2. BMW760Li

This BMW has a bulletproof exterior, which costs Rs 8.5 crores. Since the registration charge on armored cars is high, Ambani gave an additional charge of Rs 1.6 crores. And if the car’s tires get damaged (or shot at), all will be well as they are self-supporting and can easily run on flat tires.

The yacht owned by Mukesh Ambani has a solar glass roof and is 58 meters long and 38 meters wide. At the same time, the yacht has three decks with facilities such as a piano bar, lounge and dining area, and a reading room with a suite for guests. Although no disclosure has been made about its price, the yacht is said to be worth over Rs 600 crores.

4. Falcon 900EX

The Falcon 900EX aircraft has a mid-flight office, cabin with game control, music system, satellite television, wireless communications. The jet is said to have an estimated cost of $ 43 million.

5. Maybach 62

The Mercedez Maybach 62 was a gift to Mukesh Ambani from his wife Nita Ambani on his birthday. She even customized it further to make the car even more special. The cost of the car is Rs 5.15 crore and it can also touch a top speed of 250 kmph.

6. Aston Martin

The car starts at Rs 3.8 crore and gets power from a 5.9L, V12 engine that sheds out 470 bhp of power along with a peak torque of 601 Nm.

Inspired by the mythical Atlantic island, Mukesh Ambani ’s Antilia is located in South Mumbai’s Altamount Road. It is estimated to be the world’s second-most expensive property after the Buckingham Palace. The high-end mansion reportedly costs an estimated $1-2 billion.

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• Amazon , antilia , Aston Martin , BMW , BMW760Li , Falcon 900EX , Hurun Global Rich List 2020 , Jeff Bezos , Mercedez Maybach 62 , Mukesh Ambani , Nita Ambani , Rolls-Royce Phantom

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Mukesh Ambani: the relentless rise of Asia’s richest man

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Benjamin Parkin and Anjli Raval

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

When Ajit Mohan landed in the swampy heat of Mumbai last December, he was a man on a mission. The 45-year-old media executive had recently joined Facebook to help reboot its fortunes in India. Although the social media giant had more than 300 million users in the country — more than anywhere else in the world — mis-steps and regulatory scuffles had scuppered its efforts to make any real money there. 

Mohan was joined by David Fischer, Facebook’s chief revenue officer, and the pair were whisked out to the industrial suburb of Navi Mumbai. There, a series of meetings set the company’s plan in motion: to form an alliance with the richest man in Asia.

Mukesh Ambani would not be particularly recognisable outside of India. Heavy set, with deep bags under his eyes and a penchant for white short-sleeve shirts, the camera-shy 63-year-old is a sober contrast to hoodie-wearing, device-clutching American tech bosses. But that appearance belies his importance in a country of 1.4 billion people, and the power that his $80bn fortune brings.

Reliance Industries was a lucrative, if unglamorous, petrochemicals and oil refining group when Ambani took control in 2005, three years after his father’s death. But over the past decade, he has embarked upon a project that has made him one of the most talked about people in Silicon Valley. Jio, the mobile operator he launched in 2016, has already muscled aside competitors to become India’s largest. Ambani hopes it will become the country’s answer to China’s Alibaba, a home-grown tech giant in one of the world’s fastest-growing internet markets. 

For the Facebook executives Fischer and Mohan, joining forces with the “game-changing” Jio was an opportunity that was impossible to ignore. And in April their courtship culminated with Facebook’s $5.7bn investment in Jio — its largest foreign deal to date. The deal sparked a spree that saw a dozen other foreign investors — including Facebook’s arch-rival Google — write several billion-dollar-plus cheques for stakes in the fast-growing company. “It became a FOMO-kind of situation,” says one person involved.

For Ambani, it marked the triumphant apex of a career remaking his father’s energy juggernaut into a conglomerate fit for the 21st century. In addition to its dominance in energy and telecoms, Reliance runs India’s largest retail business. Ambani and his family also own a number of news outlets, oversee a school and a hospital — and run the Mumbai Indians, a successful Indian Premier League cricket team. “He combines exceptional vision, a huge ambition and outstanding execution,” says Harsh Goenka, a Mumbai-based tycoon and friend.

But Ambani is as divisive as he is admired. Interviews with current and former employees, friends, advisers, government officials, business partners and rivals paint a picture of a man who presents his ambitions as entwined with those of the nation. This complements a single-minded pursuit of success and scale, engulfing many of those in his path — including his own brother. 

Ministers are wary of Mukesh Ambani because he is so powerful and there is a sense that he needs to be handled with care Indian government official

In his business victories and accrual of wealth, Ambani sees a clear benefit for his country, now under Prime Minister Narendra Modi’s leadership. In 2018, the businessman argued that Jio was “the most powerful driver of change in India today”. The message: saying no to Ambani’s growth, was akin to saying no to India’s. 

Yet outside observers point to a near-unparalleled ability to leverage his wealth, political nous and Reliance’s scale to build an ecosystem that works in his favour. Ambani is both respected and feared — friends seek his tacit approval before taking on new roles, while rivals try to avoid entering into a direct conflict.

One government official suggested Reliance’s power evoked that of a nation more than a private corporation: “Reliance operates as an independent state within a state. Ministers are wary of Mukesh Ambani because he is so powerful and there is a sense that he needs to be handled with care.”

Ambani’s sprawling business interests — and his political clout — mean he is now perceived as a gateway into India’s blossoming digital and consumer-led economy, one of the last great global growth stories. Having completed the fundraising for Jio, he is raising billions more from top investors for his retail business. But critics fear that what he is building could become a monopoly that will crush competition and, ultimately, hurt Indian consumers, all while concentrating ever more power around himself and his family. “He wants to be Netflix, he wants to be Alibaba,” one former employee says. “He wants to be everything.”

In Ambani’s spacious, sofa-filled office, located in a nondescript south Mumbai building surrounded by chai and snack stalls, hangs a large portrait of his father. If Mukesh is shaping up to be India’s most important tycoon of the early 21st century, Dhirubhai Ambani towered over the end of the previous one.

Born in 1932, he was raised in rural poverty in the western Indian state of Gujarat, emigrating to Yemen as a teenager to work at a trading company. Upon his return to India in the late 1950s, he started trading synthetic yarns, before branching into polyester manufacturing, building factories that turned Reliance into an industrial powerhouse. “Dhirubhai was a great leader,” one person close to the company says. Mukesh and those around him “idolise Dhirubhai”.

In their early years, Mukesh and his younger brother Anil witnessed their father’s struggles to build up his business. Both inherited his outsider’s edge, even as they went on to enjoy a life of luxury. Dhirubhai Ambani was the most prominent newcomer to break into a business elite previously controlled by families who had made fortunes during the colonial era. He was known as a political fixer, maintaining a legendary influence operation in New Delhi that curried favour with bureaucrats and politicians in order to secure much-needed business licences. Critics historically claimed that in those days some officials received benefits, including funding for their children’s education. The company and Ambani have always contested these allegations. 

One person close to the family acknowledged that Dhirubhai had to do “difficult things” in order to break past those elites that maintained a stranglehold at the time. It was a legacy memorialised in the 2007 film Guru , a fictionalised account inspired by his life and distributed by Anil’s entertainment company, which portrays the protagonist as a swashbuckling entrepreneur who pursued growth at all costs and was unafraid to play hardball when shut out by big name business owners. 

Throughout the decades, the conglomerate’s business practices have continued to attract scrutiny. In 2017, the Securities and Exchange Board of India fined Reliance Industries in connection with a market manipulation case (the company has appealed the order); campaign groups have also accused Reliance Industries of having inappropriate links with the government in a Supreme Court case over a gas exploration deal, something Reliance denies. 

Ambani, who rarely speaks to the press, declined to be interviewed for this article. Reliance declined to give responses for publication to various points put for comment, saying they appeared to be based on “inaccurate” information from sources of “doubtful veracity”.

Ambani left Stanford Business School mid-degree in his early twenties to help run a polyester plant, and rose up through the company. But Dhirubhai’s death in 2002 prompted a legendary clash between the brothers over how to run the empire. 

In a 2005 peace deal brokered by their mother, the pair divided the conglomerate. Anil, seen as the more stylish brother and married to a Bollywood star, spun off Reliance’s finance, power and existing telecom businesses and ventured into film production. The comparatively unassuming Mukesh took the core oil products business.

But the brothers continued to trade barbs and to block each other in a fallout that gripped Indians at home and abroad. In an affront to a society that emphasises family loyalty and unity, Anil even became embroiled in a defamation allegation against his brother over comments in which Mukesh appeared to suggest Anil had overseen Reliance’s corporate “intelligence” operations.

It was the launch of Jio that would ultimately give Mukesh the upper hand in the bitter battle with his brother. While he had previously helped set up a telecommunications business under his father, he lost it to Anil under the terms of the 2005 split.

He, in turn, used his first right of refusal under those same terms to scupper a deal by Anil’s Reliance Communications to merge with South Africa’s MTN, which would have created one of the world’s largest mobile companies. Then, in 2010, Mukesh made a decisive move that would ultimately quash his sibling’s business, securing a spectrum licence for his new operator.

This renewed foray into telecoms puzzled many who questioned why a company that ran one of the world’s most successful oil refineries would invest billions in a speculative venture at a time when India’s energy consumption was growing fast. But western energy industry executives who know Ambani say he has long called time on the age of oil. In years past, senior Reliance executives asked industry leaders about the possibility of peak global oil demand. “Now the questions tend to be about when [it] will happen, not if,” says one person involved in such discussions.

Energy remains a key pillar of the Reliance empire but Ambani has sought to dilute his stake and is now pursuing a strategy to become a net zero carbon company. Last year, Reliance said it planned to sell 20 per cent of its refinery business to Saudi Aramco for about $15bn. But the deal, slated to be one of India’s largest ever foreign investments, has stalled after the kingdom baulked at the price tag following the sharp drop in oil prices during the pandemic.

As Ambani’s focus has shifted towards tech, he has often repeated the cliché that “data is the new oil”. India certainly presented one of the world’s most promising markets. Hundreds of millions were buying mobile phones for the first time, though they continued to run on slower 2G and 3G data and were still too expensive for many.

Jio’s plan was to leapfrog the incumbent companies by launching 4G services at radically lower prices. One former employee described this as part of a vision to “democratise access to the internet”. The same source recalled Ambani’s keen interest in the project: having submitted a chunky research document late one evening, a copy annotated in Ambani’s handwritten scrawl was returned to him the next morning. 

When Jio eventually launched in 2016, it quickly accumulated millions of users by offering its services at rock-bottom prices with extended introductory offers, undercutting its rivals and forcing them to bring down their own prices.

A boom in internet use occurred as millions of working-class and rural Indians could video call relatives, stream cricket matches or play online games for the first time. “It took the combined Indian telecom industry 25 years to build a pan-India 2G network,” Ambani said in 2018. To build an advanced 4G network, “Jio took just three years.”

But Jio’s success has been marred by repeated allegations of bully-boy tactics to crush competitors, including predatory pricing. Critics also claim there has been favourable treatment by the authorities, including Jio being exonerated by regulators and competition authorities despite extending introductory price offers past the usual 90-day window.

Reliance’s path was cleared after a 2013 regulatory change allowed it to convert its data licence to transmit voice calls as well. A draft report by the state auditor found that Jio had effectively underpaid by around Rs230bn ($3.2bn) in securing the unified licence, but the final release of the report dismayed Jio’s critics by finding its underpayment to be much smaller.

In the view of Prashant Bhushan, a public interest lawyer who has brought multiple cases against the company: “[Reliance] were quite smart in investing in the telecom sector. But more than that they have been helped at all stages by the government and now by the courts.”

Since then, a wave of telecom companies have been forced to exit the mobile sector or gone bankrupt. Only two private competitors remain: Vodafone Idea and billionaire Sunil Bharti Mittal’s Airtel. Mittal told the FT last year that competing with Reliance was “ hard work  . . . They want to be dominant”. Both companies were dealt a severe blow after a court ruling last year ordered them to pay billions of dollars to the government in historic fees. The younger Jio, however, was asked to pay only $2m.

In the view of Rahul Khullar, a former chairman of the Telecom Regulatory Authority of India: “Biased and partisan regulation in favour of Jio has led to the general crisis in the industry.” He added: “Jio was bleeding Airtel and Vodafone Idea in the hope that you’d have a last-man-standing situation . . . They didn’t care because they had deep pockets elsewhere.”

Reliance vehemently denies that it has received favourable treatment and attributes its success to Ambani’s business acumen and bold vision.

One of the worst hit by Jio’s rise was Mukesh’s brother Anil: it proved a brutal blow to his shrinking half of the business empire. RCom was unable to keep up and quit the mobile sector in 2017 before going bankrupt. In 2018, Anil himself said that the telecom sector was becoming an “oligopolistic structure that . . . could eventually become a monopoly”.

Mukesh’s fortunes stand in stark contrast to his brother. “What [Mukesh] did right, he was the guy who was behind the core businesses. It wasn’t Anil,” says Sucheta Dalal, a veteran journalist, who has long covered them both.

Last year, Anil’s mounting debt troubles were so acute that he was days away from being jailed for contempt of court over a missed $77m payment to Swedish group Ericsson. A last-minute bailout from Mukesh was made sweeter when Anil, in a humiliating capitulation following their feud, conveyed his “sincere and heartfelt thanks to my respected elder brother.” 

A spokesperson for Anil Ambani said the payment was a business transaction, denying it was made in a personal capacity.

Anil is now being pursued by Chinese creditors, who, in May this year, secured a UK court order mandating he pay them $717m. The pressure ultimately prompted him, once the sixth richest man in the world, to claim in court earlier this year that his net worth had plummeted to zero.

Today it is Mukesh who is at number six on the Forbes list. He and his family live in a 27-storey skyscraper complete with a helipad, sports facilities and space for hundreds of staff. The building, named Antilia after the mythical island, is believed to be the world’s most expensive home , with a rumoured price tag as high as $1bn. It has also become one of the most potent and emotive symbols of India’s already extreme inequality, towering over the slums that house four in 10 Mumbai residents without running water and with toilets shared by hundreds of families.

“There’s a category of people, me included, who are outraged by the fact that he spent so much money to build a building,” says one veteran Mumbai businessman, who views it as “an explicit attempt to flaunt his wealth”.

In December 2018, the festivities to celebrate Ambani’s daughter Isha’s nuptials , rumoured to have cost as much as $100m, pushed the already elaborate genre of Indian weddings to new extremes. Beyoncé gave a performance, guests included Hillary Clinton and Ban Ki-moon, and — in a bizarre turn — Bollywood superstars Shah Rukh Khan and Aishwarya Rai Bachchan were photographed serving food. 

Despite this, Ambani and his company push a carefully crafted image of a man of simplicity. Reliance says that Ambani caps his annual salary to Rs150m ($2m) “in order to set a personal example of moderation in managerial compensation levels”. He is religious and regularly performs Hindu rites, shunning meat and alcohol.

One person close to the company says he has “a childlike curiosity”, staying up late reading about emerging business trends. He is also a family man. “You hear stories about the weddings and the choppers and whatnot but, in person, he doesn’t come across as someone who is suffering from megalomania. He is a very simple man,” says one person who has had business dealings with him. 

Ambani’s wealth and influence at home has opened doors abroad. Last autumn, he travelled to the Middle East, where he was born in Yemen in 1957. This time, the setting was an exclusive get-together aboard the megayacht of Saudi Arabia’s crown Prince Mohammed bin Salman in the Red Sea, along with more than a dozen top business people including Masayoshi Son of SoftBank. Of the attendees, it was Mukesh that sat next to the crown prince.

He returned to the Gulf soon after for Riyadh’s annual investment summit, dubbed Davos in the Desert. While there, he attended a dinner hosted by the heir to the Saudi throne, along with Narendra Modi, Jared Kushner, Brazil’s Jair Bolsonaro and Steve Schwarzman of private equity company Blackstone. Although a private business executive, in some ways Ambani was acting as India’s chief diplomat.

Ambani — who once sent a life-sized elephant made out of silver to Middle Eastern royalty — is a deft political operator. At the Riyadh conference, he showered praise on Prince Mohammed, who was facing international censure over the 2018 murder of dissident journalist Jamal Khashoggi. Ambani told the audience that the kingdom, like India, was “blessed with leadership that is unique in the whole world”.

“From Kuwait to Saudi Arabia, Abu Dhabi to Doha . . . [Ambani] has that trust,” says Anshuman Mishra, a former banker who is a close confidant of Ambani and advised him on his international dealmaking. “Sovereign wealth funds, the US tech giants, they will all have to engage with Reliance at some point. That’s the only serious game in town if you think of India.”

Mounting tensions between the US and China have only increased Ambani’s appeal to American investors looking for alternative partners in Asia. India’s own souring relationship with China has also worked in Reliance’s favour. The country’s move to ban nearly 200 Chinese-made apps including TikTok , following deadly border clashes between the two nations in June , has created a vacuum for moneyed newcomers. 

Ambani himself helped to fan economic nationalism. In 2019, he warned about the dangers of “data colonisation” by foreign corporations. Yet, as the government mulled strict new curbs on foreign tech giants, he partnered with Google and Facebook, who between them control nearly two-thirds of India’s digital advertising market.

He is also now said to be in talks about potential investments in his retail venture with online retail giant Amazon, whose expansion plans in India have previously been scuppered by unfavourable regulatory processes for foreign companies that have worked in Reliance’s interest. Reliance has dismissed mention of such talks as speculation, and stressed that its partnerships with Google and Facebook would not compromise India’s data.

At home, Ambani has proved expert at navigating India’s changing political winds, cultivating ties to multiple political parties. But the tycoon’s affinity with Narendra Modi has proved more visceral. Both devout Hindus from the state of Gujarat, Ambani shares Modi’s sense of being an outsider smashing down decades-old power structures, something that Indians too have seized on, delivering two landslide election victories for Modi.

Ambani has aggressively used this alignment to advance Jio, which plastered the leader’s face on its adverts and even pre-installed his controversial “NaMo” app on its low-cost JioPhones. In slogans Reliance has touted that, like Modi, it is “dedicated to India”. 

But there is growing consternation about the systematic way Reliance is placing itself at the centre of critical sectors of India’s burgeoning new economy, raising questions about whether Ambani’s ability to overrun competition will ultimately be good for regular Indians in one of the world’s fastest-growing consumer markets.

In September, protesting farmers burned Jio cards in a gesture against excess corporate power. Harsimrat Kaur Badal, an outgoing government minister, on television held up Jio as an example of the danger of monopolies. “They gave free phones . . . [users] got dependent on it,” she said. “The competition was wiped out, [then] Jio jacked up their rates.”

It’s very difficult to have another major player . . . when [Ambani] enters a field, he enters to be the dominant player

Reliance now runs one-third of all brick-and-mortar stores in the country’s formal retail sector, making it several times larger than its next competitor. The recent tie-up with Facebook and its messaging service WhatsApp, which has 400 million Indian users, gives Reliance unique reach among consumers. “It’s very difficult to have another major player because of the intensity of what he does, the magnitude of what he does,” one person who knows Ambani says. “When he enters a field, he enters to be the dominant player.”

Ambani now has to prove he can make good on his bold claims. While he has touted Jio’s enormous user footprint to investors, regulatory data for June shows that a fifth of Reliance’s 398 million r eported customer base is inactive . And, though at an early stage, many of Jio’s forays beyond telecom such as its payments or chat apps have had limited success so far.

Yet competitors fear Reliance’s ability to draw in billions in foreign investment, all while undercutting rivals, will leave India with fewer choices. “The trouble for us is that they’ll scare investors,” says one venture capitalist. “But whether they’ll create the best products and services, it’s hard to say.”

In a Netflix series shadowing the Mumbai Indians IPL team in 2018, Ambani’s eldest son Akash stands on a cricket field with the top of his white shirt casually unbuttoned. Akash, whose responsibilities in the family business include helping lead the team, banters with the camera while top cricketers train alongside him. “We want to win desperately this year, prove everyone wrong,” he says.

The team went on to have a mediocre season but the younger Ambani’s chutzpah fits with his father’s winner-takes-all business mentality. The tycoon, who often turns to his wife for advice along with a tightknit group of top executives, is slowly shifting his three children — Akash, his twin sister Isha and younger brother Anant — into ever more prominent positions within the empire in what many believe is the early stage of a succession plan.

Akash and Isha had a seat at the table during recent deal negotiations, including the one with Facebook. “It was the way I’d expect a grooming exercise to pan out. They were learning the ropes,” one person involved says. “They were probably being blooded . . . so that one day they go on to run the company.”

Indian business families, not least the Ambanis, have faced infamous succession problems; generations that grew up with silver spoons are treated with particular scepticism. People close to the tycoon say he is determined to avoid the messy familial spats that have marred his own career, pointing to the apparent symmetry of splitting his empire into three units centred on energy, retail and digital services.

By helping to transform Reliance’s businesses into globally run ventures, including giving Jio board seats to experienced investors Facebook and Google, they say that he wants to ensure his children are shielded from perilous domestic politics. “Mukesh now wants to have less engagement with policymakers,” one adviser says. “He doesn’t want his kids to have to deal with it.”

But Ambani also doesn’t want to retire before he’s succeeded in turning Reliance into one of the world’s most valuable companies. In the words of one close to him, Ambani’s plan is to create “not just a telecom player, but a serious tech player with a global footprint.”  

Benjamin Parkin is the FT’s Mumbai correspondent. Anjli Raval is the FT’s senior energy correspondent. Additional reporting by Amy Kazmin

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An insight into Mukesh Ambani's empire and how he became Asia's richest man

Indian businessman who built himself a 27-storey home in mumbai has topped jack ma's wealth.

15 July, 2018

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Move over Jack Ma, Asia has a new richest man.

Mukesh Ambani, the 61-year-old force behind Reliance Industries, the oil-to-telecom behemoth, has eclipsed the Alibaba Group Holding founder -- at least for now. It’s the latest landmark for the Indian businessman who constructed himself a 27-story home in Mumbai having lifted his father’s textile business to unimaginable heights.

How much is Ambani worth?

Mr Ambani’s fortune has grown to $44.3 billion, according to Bloomberg Billionaires Index. His wealth derives mainly from Reliance Industries, India’s second-biggest company with a market capitalisation of more than $100bn. Mr Ambani is chairman and managing director and, together with his family, controls more than 43 per cent. He also receives dividends, a salary and fees as a director, as well as owning a stake in Reliance Industrial Infrastructure and holding some valuable private investments, including a gas pipeline.

How did Mukesh Ambani get his break?

From his father. Dhirubhai Ambani began his career as a clerk before venturing out on his own to trade spices and yarn. He then set up Reliance Industries to manufacture fabrics and textiles. Mukesh was born 10 years after India’s independence from the British in 1947 and trained as a chemical engineer before joining the Reliance board as a 20-year-old, along with his younger brother Anil. Mukesh Ambani earned a reputation for executing large-scale projects and played a crucial role in taking the company into refining and petrochemicals in the 1990s and then telecom and retail in the 2000s. He was instrumental in establishing Reliance’s first major manufacturing project at Patalganga followed by the world’s largest refining complex at Jamnagar on India’s west coast.

Why did the brothers fall out?

When Dhirubhai Ambani died in 2002, he didn’t leave a will. Mukesh and Anil, now 59, fell into a dispute that lasted for more than a decade. In a settlement brokered by their mother in 2005, the brothers split the family business. Mukesh retained control over refining, petrochemicals, oil and gas and textiles operations. Anil took the construction, telecommunications, asset management, entertainment and power generation businesses. The siblings’ financial paths soon began to diverge.

What happened to Anil Ambani?

His fortunes dwindled as his power business racked up huge debts and the telecommunications business suffered through over-competition. Mukesh Ambani bailed his brother out this year by agreeing to buy most of the assets of Reliance Communications.

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How has the journey been for Mukesh?

He enjoyed a steady rise at Reliance and was trusted by his father, who called him back to India from Stanford University while he was pursuing an MBA. After the split with Anil, Reliance experienced strong and steady growth until the 2008 financial crisis. A period of under-performance followed, especially as investors doubted a strategy to re-enter the telecoms market via the acquisition of a small company that had won an auction for pan-India broadband spectrum. The stock dulled as the new business took longer than expected to launch, but regained its aura after Mr Ambani announced the pricing for telecom services last year. That lifted Reliance’s market value beyond $100bn , for the first time in a decade, on Thursday.

What’s helping bolster his wealth?

Optimism about his telecom business: Reliance Jio Infocomm. “Jio is the biggest driver behind the surge in Reliance shares,” said Deven Choksey, managing director at Mumbai-based K.R. Choksey Shares and Securities. After offering free phone calls and cheap data, Mr Ambani last week announced plans to integrate Reliance’s consumer businesses with telecom and media. "With Jio, Ambani has created a highway,” Mr Choksey said. “He will also provide you cars and say you drive in my car, on my highway. Just give me toll now. It was not so clearly visible earlier.”

What’s Mukesh Ambani’s succession plan?

That’s unclear. He has three children. Twenty six year-old twins Isha and Akash have already been inducted into the business, with both holding key executive roles in the telecom business. Younger sibling Anant has also been taking part in some meetings and company events.

What does Mukesh Ambani like?

Indian food, Bollywood movies and, naturally, cricket. He loves south Indian cuisine and is a frequent visitor to Mysore Cafe, a popular cafe in central Mumbai that dates back to the 1930s. He’s something of a tech geek and likes to keep current with the latest gadgets as well developments in telecoms, digital technology and automation. He watches as many as three Bollywood movies a week. Arguably his biggest extravagance was his tower block in south Mumbai, where he lives with his wife Nita and the three children, and which is worth an estimated $400 million. The billionaire owns the Mumbai Indians professional cricket team.

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Jaw-Dropping Ambani Wedding Gifts: 10 Things Anant and Radhika Received (and Maybe Didn’t Need)

We've barely recovered from Anant Ambani and Radhika Merchant's blockbuster wedding and news of the extravagant Ambani wedding gifts has taken over our social feeds. You might wonder, “What does a billionaire couple need that they already don't have?”, but if you ask their celebrity friends, clearly, one can never have enough diamonds or customised supercars .

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A now viral Instagram reel details the gifts. From palace-like mansions to luxury cars, the gifts presented to the couple are sure to raise eyebrows.

Let’s dive into the most outrageous Ambani wedding gifts – and the gift givers, the couple's high-profile friends and family members – that have sparked curiosity and speculation, each more impressive than the last.

The parents of the groom spared no expense, gifting their son and daughter-in-law a sprawling 3,000-square-foot mansion in Palm Jumeirah, Dubai. This opulent residence is valued at a staggering $80 million and is one of the many celebrity-owned villas on the man-made island .

The Meta CEO and tech mogul Mark Zuckerberg is said to have gifted the couple a private jet (some reports suggest it is a yacht instead), a luxury that comes with an estimated price tag of $36 million.

Microsoft co-founder and global philanthropist, Bill Gates, is said to have gifted a diamond ring valued at $1.08 million. However, some sources speculate that it might have been a yacht worth $21.6 million instead.

As the founder of Amazon and one of the wealthiest individuals in the world , Jeff Bezos presented the couple with a sleek Bugatti, valued at $1.38 million.

Known as the King of Bollywood, Shah Rukh Khan gifted Anant Ambani and Radhika Merchant a luxurious apartment in France, worth $4.8 million. This international property provides the couple with a stunning retreat in one of Europe’s most desirable locations.

Bollywood’s power couple, Ranveer Singh and Deepika Padukone, are said to have gifted the young Ambani couple a custom Rolls Royce, valued at $2.4 million.

Another superstar Bollywood couple, Alia Bhatt and Ranbir Kapoor, gifted a sleek Mercedes car worth $1.08 million.

Known for his action-packed roles, Bollywood veteran Salman Khan gifted a sports bike valued at $1.8 million.

Considered Bollywood royalty with a legacy spanning generations, the Bachchans are said to have gifted an exquisite emerald necklace valued at $3.6 million.

WWE superstar and Hollywood actor John Cena gifted a Lamborghini worth $360,000.

Everything There Is to Know About the Extravagant Ambani Wedding

The nuptials are estimated to have cost over $300 million

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There are weddings, and then there’s the Ambani wedding.

Since their engagement in December 2023, Ambani and Merchant have been building up to their big day by hosting increasingly lavish events that sounded almost too extravagant to be true. Whether that meant a European cruise featuring performances by the likes of Katy Perry and Andrea Bocelli, or a pre-wedding party with a rare appearance by Rihanna, the two have spared no expense.

Of course, with Ambani being the youngest member of the richest family in Asia, and Merchant being the heir to her own billionaire bloodline, it’s no surprise the families have been going all out. We got a good example of what this wedding would be like back in 2018, when Anant’s sister, Isha, got married and the costs were estimated at upward of $100 million. And Anant being the last of the Ambani children to tie the knot, it’s clear the family wants to go out with a bang.

Here, we’ve rounded up everything you need to know about the official Ambani wedding weekend—from the cost to the star-studded guest list, and everything in between.

How much did the wedding cost?

The big question on everyone’s mind is: Just how much will this wedding cost?

The Ambanis have remained mum about total figures, but an event management owner estimated to the BBC that the cost is at least somewhere between 11 billion and 13 billions rupees (around $132 million to $156 million).

Other estimates have been even higher. The Daily Mail crunched the numbers and estimated that the wedding has to have cost approximately $320 million, considering the price of security, transportation, food, and money paid to performers. (When Rihanna showed up to the pre-wedding ceremony in March, it was believed she got a check for around $7 million.)

Of course, this is just a drop in the bucket for the Ambani family. Anant’s father is currently the richest man in Asia, after all, with an estimated net worth of $123.3 billion, and he ranks as the 11th-richest man in the world.

Who will perform at the main event?

Although details are still unknown, it is believed the main wedding event will feature quite the headline-grabbing name, with several outlets floating rumors that Drake, Adele, or Lana Del Rey will perform at the ceremony.

None of these stars would come as a huge surprise, given that the list of musical performers for the pre-wedding festivities has looked like a Grammys lineup.

In March, the pre-wedding party included the performance by Rihanna, whose last previous high-profile appearance was when she headlined the Super Bowl in 2023 (casual). The evening also included sets bt Akon and Diljit Dosanjh, the first Punjabi singer ever to perform at Coachella.

Then, when the families hosted a European cruise in May, the roster of performers was equally impressive, with Katy Perry, Andrea Bocelli, the Backstreet Boys, and Pitbull all taking the stage. As if that weren’t enough, Justin Bieber showed up for a surprise performance last week at a pre-wedding event in Mumbai, a gig he was reportedly paid $10 million for.

Given that a previous Ambani wedding featured a performance by Beyoncé, we’re guessing that no prediction is too big at this point.

What celebrities will be in attendance?

While the musical performer is sure to be an A-lister, the guest list (rumored to be up to 1,200 people) will include plenty of major names as well.

In the lead-up to the nuptials, pre-wedding festivities have been attended by the likes of Mark Zuckerberg, Bill Gates, Hillary Clinton, Ivanka Trump, and Bollywood stars like Aishwarya Rai Bachchan, Deepika Padukone, and Ranveer Singh.

We know even more famous faces will be in attendance at the main event. On Instagram this week, Kim and Khloé Kardashian shared snaps as they arrived at their hotel in Mumbai ahead of the wedding. Meanwhile, Priyanka Chopra and Nick Jonas also arrived on Thursday, which comes as no surprise, given that Anant and Radhika both attended the couple’s wedding festivities back in 2018.

Other celebrities spotted in the area have included John Cena, Law Roach, Rajkummar Rao, and former British prime minister Tony Blair. According to Vanity Fair , invitations reportedly went out to other former prime ministers, like Boris Johnson, as well as celebrities like Mike Tyson, David Beckham, and former U.S. Secretary of State John Kerry.

Where will the wedding take place?

Mumbai will be slightly shut down this weekend, with the Evening Standard reporting that the wedding is being considered a “public event,” much like royal weddings are.

On Friday, the couple will have their main event at the Jio World Convention Center in the Bandra-Kurla Complex, a venue that can hold up to 16,500 people. According to CNN , a red carpet will be rolled out for all the star attendees, and the dress code is classical Indian attire.

In addition, there will be other ceremonies taking place at Antilia, a 27-story Ambani family tower block that has been decorated lavishly ahead of the weekend. This residence, valued at $4.6 billion, was lit up ahead of the nuptials with various colors, and it was also decorated with strings of flowers, while musicians performed live music outside the building hours ahead of the ceremony.

This weekend, the wedding will take place over the course of three days, with the main ceremony at Jio World Convention Center taking place on Friday, July 12, followed by a “Shubh Ashirwad” divine blessings ceremony on July 13 and a “Mangal Utsav,” or reception, on Sunday, both of which will take place in Antilia.

How long have the wedding festivities been going on?

While the wedding proper is only a weekend long, the Ambani wedding festivities are going on seven months now, with the first event—the engagement party—having taken place back in January.

At the beginning of the year, Merchant took part in a mehndi ceremony, where her hands and feet were decorated with henna. The following day, there was an engagement bash, or gol dhana .

Over the months that followed, the celebrations have only gotten bigger and more extravagant, with the families throwing a “pre-wedding party” in March in the city of Jamnagar, where the celebration included fireworks, a feast, and the aforementioned Rihanna performance.

May saw the European cruise, which traveled to various spots across the Mediterranean and included such events as a masquerade ball.

And earlier this July, the couple held a mass wedding, a sangeet (a night of music and dance) and a haldi blessing ceremony.

This Sunday should mark the end of the nearly year-long wedding proceedings. And then we have the honeymoon to look forward to!

Joel is the editorial and social media assistant for HarpersBAZAAR.com, where he covers all things celebrity news. When he steps away from the keyboard, you can likely find him singing off-key at concerts, scavenging thrift stores for loud wardrobe staples, or perusing bookstores for the next great gay romance novel.

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List Of Companies That Come Under Mukesh Ambani's Rs 19 Lakh Crore Reliance Empire

With a market cap of more than rs 19 lakh crore, reliance industries currently holds the title of being india’s most valuable company. but do you know which all companies come under ambani’s rs 19 trillion reliance empire here’s the complete list of companies that are subsidiaries of reliance industries..

With a market cap of more than Rs 19 lakh crore , Reliance Industries currently holds the title of being India’s most valuable company . Besides that, the conglomerate’s billionaire chairman Mukesh Ambani enjoys the title of being not just India but even Asia’s richest person , with a net worth of $107 billion.

But do you know which all companies come under Ambani’s Rs 19 trillion Reliance empire? Here’s the complete list of companies that are subsidiaries of Reliance Industries .

250+ Companies Under Reliance Empire

• Reliance Infratel Limited
• Reliance Logistics and Warehouse Holdings Limited
• Reliance Mappedu Multi Modal Logistics Park Limited
• NextGen Fast Fashion Limited
• Reliance Finance and Investments USA LLC
• Reliance Global Project Services Pte. Ltd.
• Reliance Global Project Services UK Limited
• Reliance Bhutan Limited
• Reliance Rahul Mishra Fashion Private Limited (formerly known as Rahul Mishra Fashion Private Limited)
• Reliance SOU Limited
• Reliance Bio Energy Limited
• Reliance A&T Fashions Private Limited (Formerly known as Abraham and Thakore Exports Private Limited)
• Reliance 4IR Realty Development Limited
• Reliance Ambit Trade Private Limited
• Reliance BP Mobility Limited
• Reliance Brands Luxury Fashion Private Limited
• Reliance Neucomm LLC
• Reliance UbiTek LLC
• Reliance Chemicals and Materials Limited
• Reliance Beauty & Personal Care Limited
• Reliance Consumer Products Limited
• Reliance Brands Holding UK Limited
• Reliance Brands Limited
• Reliance Carbon Fibre Cylinder Limited
• Reliance Clothing India Limited
• Reliance Commercial Dealers Limited
• Reliance Comtrade Private Limited
• Reliance Content Distribution Limited
• Reliance Corporate IT Park Limited
• Reliance Digital Health Limited
• Reliance Digital Health USA Inc.
• Reliance TerraTech Holding LLC (Formerly known as Reliance Eagleford Upstream GP LLC)
• Reliance Eagleford Upstream Holding LP
• Reliance Eagleford Upstream LLC
• Reliance Eminent Trading & Commercial Private Limited
• Reliance Ethane Holding Pte Limited
• Reliance Ethane Pipeline Limited
• Reliance Exploration & Production DMCC
• Reliance GAS lifestyle India Private Limited
• Reliance Gas Pipelines Limited
• Reliance Global Energy Services (Singapore) Pte. Limited
• Reliance Global Energy Services Limited
• Reliance Hydrogen Electrolysis Limited
• Reliance Hydrogen Fuel Cell Limited
• Reliance Industries (Middle East) DMCC
• Reliance Industries Uruguay Petroquimica S.A., EN Liquidacion"
• Reliance Innovative Building Solutions Private Limited
• Reliance International Limited
• Reliance Jio Global Resources LLC
• Reliance Jio Infocomm Limited
• Reliance Jio Infocomm Pte. Limited
• Reliance Jio Infocomm UK Limited
• Reliance Jio Infocomm USA Inc.
• Reliance Jio Media Limited
• Reliance Lifestyle Products Private Limited
• Reliance Marcellus LLC
• Reliance New Energy Carbon Fibre Cylinder Limited
• Reliance New Energy Hydrogen Electrolysis Limited
• Reliance New Energy Hydrogen Fuel Cell Limited
• Reliance New Energy Limited
• Reliance New Energy Power Electronics Limited
• Reliance New Energy Storage Limited
• Reliance New Solar Energy Limited
• Reliance Petro Marketing Limited
• Reliance Polyester Limited (Formerly known as Reliance Petroleum Retail Limited)
• Reliance Power Electronics Limited
• Reliance Progressive Traders Private Limited
• Reliance Projects & Property Management Services Limited
• Reliance Prolific Commercial Private Limited
• Reliance Prolific Traders Private Limited
• Reliance Retail and Fashion Lifestyle Limited
• Reliance Retail Limited
• Reliance Retail Ventures Limited
• Reliance Ritu Kumar Private Limited
• Reliance Lithium Werks USA LLC
• Reliance New Energy Battery Storage Limited
• Reliance AK-OK Fashions Limited
• Reliance Sibur Elastomers Private Limited
• Reliance SMSL Limited
• Reliance Strategic Business Ventures Limited
• Reliance Syngas Limited
• Reliance Universal Traders Private Limited
• Reliance Vantage Retail Limited
• Reliance Ventures Limited
• Reliance-Grand Optical Private Limited
• Aaidea Solutions Limited
• Actoserba Active Wholesale Limited
• Addverb Technologies BV
• Addverb Technologies Limited (Formerly known as Addverb Technologies Private Limited)
• Addverb Technologies Pte Limited
• Addverb Technologies Pty Limited
• Addverb Technologies USA Inc.
• Asteria Aerospace Limited
• C-Square Info-Solutions Limited (Formerly known as C-Square InfoSolutions Private Limited)
• Dadha Pharma Distribution Limited (Formerly known as Dadha Pharma Distribution Private Limited)
• Dronagiri Bokadvira East Infra Limited
• Dronagiri Bokadvira North Infra Limited
• Dronagiri Bokadvira South Infra Limited
• Dronagiri Bokadvira West Infra Limited
• Dronagiri Dongri East Infra Limited
• Dronagiri Dongri North Infra Limited
• Dronagiri Dongri South Infra Limited
• Dronagiri Dongri West Infra Limited
• Dronagiri Funde East Infra Limited
• Dronagiri Funde North Infra Limited
• Dronagiri Funde South Infra Limited
• Dronagiri Funde West Infra Limited
• Dronagiri Navghar East Infra Limited
• Dronagiri Navghar North First Infra Limited
• Dronagiri Navghar North Infra Limited
• Dronagiri Navghar North Second Infra Limited
• Dronagiri Navghar South First Infra Limited
• Dronagiri Navghar South Infra Limited
• Dronagiri Navghar South Second Infra Limited
• Dronagiri Navghar West Infra Limited
• Dronagiri Pagote East Infra Limited
• Dronagiri Pagote North First Infra Limited
• Dronagiri Pagote North Infra Limited
• Dronagiri Pagote North Second Infra Limited
• Dronagiri Pagote South First Infra Limited
• Dronagiri Pagote South Infra Limited
• Dronagiri Pagote West Infra Limited
• Dronagiri Panje East Infra Limited
• Dronagiri Panje North Infra Limited
• Dronagiri Panje South Infra Limited
• Dronagiri Panje West Infra Limited
• Enercent Technologies Private Limited
• Faradion Limited
• Faradion UG
• Foodhall Franchises Limited
• Future Lifestyles Franchisee Limited
• Genesis Colors Limited
• Genesis La Mode Private Limited
• GLB Body Care Private Limited
• GLF Lifestyle Brands Private Limited
• GML India Fashion Private Limited
• Grab A Grub Services Limited (Formerly known as Grab A Grub Services Private Limited)
• Hamleys (Franchising) Limited
• Hamleys Asia Limited
• Hamleys of London Limited
• Hamleys Toys (Ireland) Limited
• Indiavidual Learning Limited
• Indiawin Sports Private Limited
• Intimi India Limited (Formerly known as Intimi India Private Limited)
• Jaisuryas Retail Ventures Limited
• JD International Pte Ltd
• Jio Estonia OÜ
• Jio Haptik Technologies Limited
• Jio Limited
• Jio Platforms Limited
• Jio Satellite Communications Limited
• Jio Space Technology Limited
• Jio Things Limited
• Just Dial Limited
• Kalamboli East Infra Limited
• Kalamboli North First Infra Limited
• Kalamboli North Infra Limited
• Kalamboli North Second Infra Limited
• Kalamboli North Third Infra Limited
• Kalamboli South First Infra Limited
• Kalamboli South Infra Limited
• Kalamboli West Infra Limited
• Kalanikethan Fashions Limited (Formerly known as Kalanikethan Fashions Private Limited)
• Kalanikethan Silks Limited (Formerly known as Kalanikethan Silks Private Limited)
• Kutch New Energy Projects Limited
• M Entertainments Private Limited
• Amante Exports (Private) Limited (Formerly known as MAS Brands Exports (Private) Limited)
• Amante India Limited (Formerly known as MAS Brands India Private Limited)
• Amante Lanka (Private) Limited (Formerly known as MAS Brands Lanka (Private) Limited)
• Mesindus Ventures Limited
• Mindex 1 Limited
• Model Economic Township Limited
• MYJD Private Limited
• Netmeds Healthcare Limited (formerly known as Netmeds Marketplace Limited)
• New Emerging World of Journalism Limited
• Nilgiris Stores Limited
• NowFloats Technologies Limited (formerly known as NowFloats Technologies Private Limited)
• Radisys B.V.
• Radisys Canada Inc
• Radisys Cayman Limited
• Radisys Convedia (Ireland) Limited
• Radisys Corporation
• RadiSys GmbH
• Radisys India Limited
• Radisys International LLC
• Radisys International Singapore Pte. Ltd.
• Radisys Spain S.L.U.
• Radisys Systems Equipment Trading (Shanghai) Co. Ltd.
• Radisys Technologies (Shenzhen) Co. Ltd.
• Radisys UK Limited
• RBML Solutions India Limited
• REC Americas LLC
• REC ScanModule Sweden AB
• REC Solar EMEA GmbH
• REC Solar France SAS
• REC Solar Holdings AS
• REC Solar Norway AS
• REC Solar Pte. Ltd
• REC Solar (Japan) Co., Ltd
• REC Systems (Thailand) Co., Ltd
• REC Trading (Shanghai) Co., Ltd
• REC US Holdings, Inc. (USA)
• Recron (Malaysia) Sdn. Bhd.
• Reverie Language Technologies Limited
• RIL USA, Inc.
• RISE Worldwide Limited
• Ritu Kumar ME (FZE)
• RP Chemicals (Malaysia) Sdn. Bhd.
• Saavn Holdings, LLC (Formerly known as Saavn Inc)
• Saavn Media Limited
• SankhyaSutra Labs Limited
• Shopsense Retail Technologies Limited
• Shri Kannan Departmental Store Limited
• SkyTran Inc.
• SkyTran Israel Ltd.
• Stoke Park Limited
• Strand Life Sciences Private Limited
• Surajya Services Limited
• Surela Investment and Trading Limited
• Tesseract Imaging Limited
• The Indian Film Combine Private Limited
• Tira Beauty Limited
• Tresara Health Limited
• Ulwe East Infra Limited
• Ulwe North Infra Limited
• Ulwe South Infra Limited
• Ulwe Waterfront East Infra Limited
• Ulwe Waterfront North Infra Limited
• Ulwe Waterfront South Infra Limited
• Ulwe Waterfront West Infra Limited
• Ulwe West Infra Limited
• Urban Ladder Home Décor Solutions Limited
• Vasyerp Solutions Private Limited
• Vitalic Health Limited (Formerly known as Vitalic Health Private Limited)
• 7-India Convenience Retail Limited
• Reliance Lithium Werks B.V.
• Lithium Werks Technology B.V
• Purple Panda Fashions Limited (Formerly known as Purple Panda Fashions Private Limited)
• Catwalk Worldwide Private Limited
• Rod Retail Private Limited
• Cover Story Clothing Limited (Formerly known as Future Style Lab Limited)
• Cover Story Clothing UK Limited (Formerly known as Future Style Lab UK Ltd)
• Indiawin Sports Middle East Limited
• Lithium Werks China Manufacturing Co., Ltd.
• Mayuri Kumkum Limited
• India Mumbai Indians (Pty) Ltd
• Intelligent Supply Chain Infrastructure Management Private Limited
• Reliance Abu Sandeep Private Limited (formerly known as ABSA Fashions Private Limited)
• V - Retail Private Limited
• Reliance Petro Materials Limited
• Sensehawk Inc
• Sensehawk India Private Limited
• Sensehawk MEA Limited

Also Read: Net Worths Of India's Richest Man Mukesh Ambani's Children & Family

Who Started Reliance Industries & When?

Reliance Industries was started in the year 1957 by Mukesh Ambani 's father Dhirubhai Ambani . Dhirubhai had in that year returned to India and started a yarn trading business in Mumbai. He had at that time dreamt of establishing India’s largest company. And today, after more than six decades, Reliance Industries has presence across sectors such as Energy, Oil and Gas Exploration & Production, Refining & Marketing, Petrochemicals, Textiles, Polymers, Polyesters, Fibre Aromatics, Retail, Digital Services and Media & Entertainment,

Also Read: From Adanis To Ambanis-Here's The List Of India's Richest Siblings

For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here

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Here's a look at all the companies that Mukesh Ambani owns

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All the multi-crore companies that India's richest man Mukesh Ambani owns

Mukesh Ambani may have dropped out of the top 10 billionaires in the world, but with a net worth of $73.1 billion (as per Forbes) he continues to be India’s richest person . And his Reliance Industries Limited holds a grip on all the major divisions or sectors in the country, from telecommunications, petroleum, retail, media, to sports and gaming. And each sector has a dedicated company working towards it, which are listed below. Scroll down to see all the companies owned by Mukesh Ambani and his family's Reliance Industries Limited. 

7 companies owned by Mukesh Ambani's Reliance Industries Limited

Founded in 2006, Reliance Retail has over the decades become one of India’s leading retail players that take pride in delivering a premium shopping environment and customer experience. Reliance Fresh, Reliance Digital, eCommerce platform Ajio, Reliance Jewels and Reliance Trends are some of the brands under Reliance Retail.  

A research driven organisation, Reliance Life Sciences operates in biotherapeutics, pharmaceuticals, clinical research services, regenerative medicine and molecular medicine, as per their official website. Spread across 20 acres, its flagship facility is in Navi Mumbai, at one of the most diverse life sciences campuses in the world, Dhirubhai Ambani Life Sciences Centre (DALC). 

Since its inception in 2015, Reliance Jio has become one of the largest mobile network operators in India that offer high-speed internet and network coverage across India through its 4G network and fiber service. In 2019, Reliance Jio branched out into fiber to home service like broadband, television and gaming.           

Counted among the leading petroleum companies around the world, Reliance Petroleum provides high-speed diesel, petrol, auto LPG, lubricants, aviation fuel and packed LPG; and caters to two-wheelers, aeroplanes, farm equipment and heavy engineering vehicles.

Network18 Media and Investments Limited or Network18 Group is an Indian media company owned by Mukesh Ambani’s Reliance Industries. Incorporated as a private limited company in 1996, it was converted into a public limited company in 2006 and acquired by Reliance Industries in 2014, as per the official website. Some of the prominent publications under the Network18 group include Forbes India, Moneycontrol, News18, Overdrive and CNBC TV18.  

The Football Sports Development Limited is a part of IMG Reliance (a collaboration between IMG and Reliance Industries). It owns the Indian Super League, India’s premium football championship that kicked off in October 2014. The league currently has 11 football clubs including Bengaluru FC, Chennaiyan FC, ATK Mohun Bagan, FC Goa and more. Reliance Industries also owns the cricket team Mumbai Indians. 

Counted among the largest infrastructure companies in the country, Reliance Industrial Infrastructure Limited deals in setting up and operating industrial infrastructure and provides services of transportation of petroleum products, raw water, services related to data processing and computer software.

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