Billionaire Mukesh Ambani’s twin children Isha and Akash, and edtech startup Byju’s founder Byju Raveendran are among the Indians who have debuted on Fortune’s ‘40 Under 40’ list of influential people around the globe.
The 2020 Fortune 40 Under 40 list highlights 40 influential people each in five categories of finance, technology, healthcare, government and politics, and media and entertainment from around the world.
The US-based publication said that after Isha and Akash Ambani joined the Jio board, the valuation of the business rose to USD 65 billion.
“Reliance is a family business. Akash joined the company in 2014 after receiving an economics degree from Brown University. Isha joined a year later, following stints at Yale, Stanford, and McKinsey.
As Jio board members, they helped seal the company’s recent megadeal with Facebook–USD 5.7 billion for a 9.99 per cent stake–plus major follow-on investments from marquee tech titans like Google, Qualcomm, and Intel. The flurry of investments lent the business an eye-popping USD 65 billion private valuation,” it said.
Fortune further mentioned how the Akash and Isha are training—along with their younger brother, Anant, 25, who is a more recent addition to Jio’s board—to take on their father’s empire.
Akash and Isha helped launch Jio Mart, a venture that aims to challenge Amazon and Walmart’s Flipkart for command of India’s massive and fast-growing online shopping market, Fortune Magazine said.
