Mukesh Ambani Archives - Page 4 of 4

Mukesh Ambani again tops 84 Indian billionaires in Forbes list

by admin | May 25, 2021 | Corporate, Corporate Buzz

By Arun Kumar

Washington : (IANS) Reliance Industries chairman Mukesh Ambani again topped 84 Indian billionaires in Forbes 2016 list of the world’s richest people once again headed by Bill Gates with a net worth of $75 billion.

Mukesh Ambani with a net worth of $19.3 billion was ranked 36th among world’s 1,810 billionaires with an aggregate net worth of $6.48 trillion, down from $7.05 trillion last year.

Technology guru Gates, who has topped the list for 17 of the last 22 years was followed by Spanish clothing retailer Amancio Ortega, best known for the Zara fashion chain, with Warren Buffett remaining in the third spot.

The US led with the greatest number of billionaires, with 540, followed by China with 251, Germany with 120, India with 84 and Russia with 77.

China had the most of 198 newcomer billionaires, adding 70 to the list. Thirty-three newcomers were from the US, 8 from India and 28 from Germany.

Notable newcomers included Flipkart cofounders Sachin Bansal and Binny Bansal (No. 1476) of India.

India’s top ten: 1 (world ranking 36) Mukesh Ambani $19.3 bn; 2 (44) Dilip Shanghvi $16.7 bn; 3 (55) Azim Premji $15 bn; 4 (88) Shiv Nadar $11.1 bn; 5 (133) Cyrus Poonawalla $8.5 bn; 6 (135) Lakshmi Mittal $8.4 bn; 7 (184) Uday Kotak $6.3 bn; 8 (196) Kumar Birla $6.1 bn; 9 (219) Sunil Mittal $5.7 bn; 10 (233)Desh Bandhu Gupta $5.5 bn.

Telecom mogul Carlos Slim Helu (No. 4) dropped two spots, and his net worth decreased to $50 billion from $77.1 billion last year.

Amazon’s Jeff Bezos (No. 5) moved up to the fifth from the fifteenth spot last year; his net worth increased to $45.2 billion.

Facebook’s Mark Zuckerberg (No. 6) moved into the top 10 for the first time. He was the biggest gainer with his fortune going up by $11.2 billion for a total net worth of $44.6 billion. He is the sixth richest in the world. The biggest loser was Helu.

Jio gets Reliance to don new corporate culture

by admin | May 25, 2021 | Corporate, Corporate Buzz

Reliance Industries Ltd (RIL) Chairman Mukesh Ambani with son Akash Ambani and close associate Manoj Modi at Reliance Jio`s `open office` in Mumbai on Nov. 4, 2015. The open office, which houses 70 of Jio`s top executives, including the chairman, became functional on Wednesday. It has ushered in a cultural transformation in one of India`s largest conglomerates.

Mumbai:(IANS) As one of India’s top companies, Reliance Industries, gets ready to deliver its latest entity, the 4G services under the “Jio” brand, it has also brought with it a rather quiet, but telling transformation in the refining-to-retail group’s corporate culture.

For the top executives leading a 17,500-strong, full-time team, including chairman Mukesh Ambani, gone are the wood-panelled, plush rooms. Not even closed glass-door cubicles.

The top 70 leaders in the team, which includes his son Akash Ambani, daughter Isha Ambani and long-time associate and confidant Manoj Modi, are having to make do with a work station in an open office — a culture that started on Wednesday at the 7th Floor of what is called “PC 22 Building” of Reliance Corporate Park in Navi Mumbai.

This, officials at Reliance said, was a part of what Mukesh Ambani had told shareholders about the “Jio” project some months ago: “One of the largest transformational, green-field digital initiatives anywhere in the world.”

“No walls, no barricades,” is how the officials additionally described the office of Jio venture, touted as the largest start-up project in India with an investment of Rs.100,000 crore already deployed.