MORE PHOTOS AFTER STORY

Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian business magnate who is the chairman and CEO of the Indian conglomerate Reliance Industries Limited (RIL), a Fortune Global 500 company and India’s most valuable company by market value. Ambani remains the largest individual shareholder, with 44.7 percent stake in RIL.

In 2010, he was named among the most powerful people in the world by Forbes in its list of “68 people who matter most” As of 2013, he is India’s richest man, second richest man in AsiaAmbani is listed as the 22nd richest person in the world with a personal wealth of $21.5 billion. He has retained his position as the world’s richest Indian for the sixth year in a row. He is a member of the board of directors of Bank of America Corporation and the international advisory board of the Council on Foreign Relations. He is also the chairman of the board of Indian Institute of Management Bangalore, one of the premier business schools in the country.

In 2012, Forbes named him the richest sports owner in the world. He co-owns the Indian Premier League franchise Mumbai Indians.

He is married to Nita Ambani and has three children.They live in a private 27-story building in Mumbai named Antilia.  (PICTURED) The value of the home is more than US$1 billion and it is claimed to be the most expensive home in history. Even as RIL’s total outgo towards remuneration to its all top management personnel, as also the sitting fees and commissions for its non-executive directors, increased during the fiscal year ended March 31, 2012,Mukesh Ambani decided to forgo nearly Rs 24 crore from his annual pay last fiscal as chief of Reliance Industries Ltd (RIL), keeping his salary capped at Rs 15 crore for the fourth year in a row. Billionaire Mukesh Ambani earns an annual salary of 150 million rupee (Rs 15 crore), which has remained unchanged since the fiscal year 2008–09.[Wikipedia]

Mukesh Ambani’s fortune dropped $1 billion though he remains India’s richest person and his Reliance Industries remains country’s most valuable company. Reliance, along with its partner BP, will be investing $5 billion in KG-D6, the country’s largest offshore gas field where output has sharply declined and which has been the subject of scrutiny by a federal auditor. Despite hectic lobbying with the federal oil ministry, it has not yet secured a price increase for gas. Ambani is also preparing to roll out 4G services for which he may reportedly lease towers from Reliance Infratel, run by his once-estranged sibling Anil. Mukesh and his wife Nita throw lavish parties, the latest being for British prime minister David Cameron on his recent trip to Mumbai. [Forbes]

India’s Richest Man’s home is world’s most expensive house

Billionaire Indian industrialist Mukesh Ambani’s 27-storey, 4-lakh square foot residence in the city of Mumbai, Antilla, has been declared the world’s most expensive house by Forbes.