Asia's Wealthiest Individual
Forbes ranks Mukesh Ambani as Asia's wealthiest individual and the world's 11th richest person, with a net worth of approximately $122 billion as of July 17, 2024.
Visionary Leader of Reliance Industries Limited
Mukesh Ambani is renowned for his visionary leadership, which has transformed Reliance Industries Limited (RIL) into a global powerhouse. Under his guidance, RIL has expanded its reach across various sectors including energy, petrochemicals, textiles, retail, and telecommunications.
The Legacy of Reliance Industries
Founded by Mukesh's late father, Dhirubhai Ambani, in 1966, Reliance Industries started as a modest textile manufacturer. Following Dhirubhai's passing in 2002, Mukesh and his brother Anil diversified the family business, turning it into the conglomerate it is today.
Commitment During Economic Downturn
In a notable gesture during the economic downturn caused by the Covid-19 pandemic in August 2022, Mukesh Ambani decided to forgo his entire salary and associated benefits as Chairman and Managing Director of Reliance Group. This decision highlighted his dedication to supporting the company and its stakeholders during challenging times.
Modest Executive Compensation
Mukesh Ambani's personal salary has been capped at Rs 15 crore annually since the fiscal year 2008-2009, demonstrating his commitment to moderation in executive compensation. This cap has seen Ambani sacrifice over Rs 24 crore each year despite his immense wealth.
Well-Rewarded Employees
While Ambani may not draw a significant salary, he ensures his employees are well compensated. In 2017, a viral video revealed that Ambani's personal driver earns an astonishing Rs 2 lakh per month, which equates to an annual income of at least Rs 24 lakh. This revelation sparked curiosity about the driver's earnings in subsequent years.
Strict Training for Drivers
Drivers for the Ambani family undergo rigorous training and are employed through private contracting firms. They are skilled in handling both commercial and luxury vehicles, capable of managing challenging driving conditions, and prioritize passenger safety. Ambani's vehicles are also equipped with bulletproof technology, ensuring the highest standards of security.
Tags: Business, Mukesh Ambani, Reliance Industries Limited, Asia's Wealthiest Individual, Executive Compensation, Employee Benefits and Training,
Tags: Business, Mukesh Ambani, Reliance Industries Limited, Asia's Wealthiest Individual, Executive Compensation, Employee Benefits and Training,