Author: Subhi Saxena Date: 12/07/24
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Mukesh Ambani is an Indian Businessman who is currently the 11th Richest person in the world and is Asia's wealthiest personality.
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What makes everyone curious about the Chairman and Managing Director of Reliance Industries, is his Net Worth. His Net Worth is $123.30 Billion as of now.
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The Richest man has his business expanded in different sectors including, Petrochemicals, Telecom, Retail etc. Some of the major subsidiaries of RIL are Jio Platforms, Reliance Retails, Reliance New Energy and Network 18.
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Reliance Industries Limited is a multinational conglomerate and it is the Parent Company of all the subsidiaries. With major businesses in petrochemicals, oil and refining, telecommunication and media, RIL has a revenue of $120 billion as of 2024.
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Reliance Retail is a subsidiary of RIL, Mukesh Ambani's daughter Isha Ambani is the Managing director of the subsidiary. The Revenue of the company is $37 billion and Net Income is $1.3 billion.
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Reliance Industries' another successful subsidiary is Jio Platforms, the company has a revenue of $14 billion and a net income is 20372 crore.
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Reliance Industries owns 75% of Network 18 as well. Mukesh Ambani took over the company in 2011. Currently, the company's revenue is $2.7 billion.
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In 2021, RIL started Reliance New Energy, the groom to be Anant Ambani, the youngest of Mukesh Ambani is the head of the company. The goal of it is to make Reliance a Net Carbon Zero Company.
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