An Indian businessman just became the first Asian member of the world's 10 richest people. Meet the Ambanis, who live in a $1 billion skyscraper and mingle with royals and Bollywood stars.
The Ambanis live in a $ 1 billion skyscraper house in Mumbai.
Reuters, Getty, AP; Shayanne Gal / Business Insider
An Indian businessman just became the first Asian member of the ten richest people in the world.
Mukesh Ambani is valued at $ 64.5 billion, making it the ninth richest person in the world according to Bloomberg's Billionaires Index.
He is the chairman and majority owner of Reliance Industries, which owns Jio Platforms.
Ambani's fortune was affected by the coronavirus pandemic in spring 2020, but his businesses have been successful since then.
The Ambanis live in a 27-story skyscraper in Mumbai. The construction is said to have cost $ 1 billion, which would make it one of the most expensive houses in the world.
You can find more stories on the Business Insider homepage.
Fortune reported that the list of the 10 richest people in the world has just received its first member from Asia: Mukesh Ambani, the richest person in India, is now the ninth richest person in the world.
According to the Bloomberg Billionaires Index, Ambani is valued at $ 64.5 billion.
Related Video: How the Richest Man in the World, Jeff Bezos, Makes and Spends Money
Ambani is the owner and chairman of Reliance Industries, a giant conglomerate that includes the telecommunications arm Jio Platforms, which has flourished due to the "flood" of recent investments per fortune. In April, Facebook announced it was investing $ 5.7 billion in a jio.
The Ambanis made international headlines in 2018 for hosting one of the most elaborate wedding celebrations recently, including a private Beyoncé concert and prominent guests such as Priyanka Chopra and Nick Jonas, Hillary Clinton and Arianna Huffington.
The Ambani family's home in Mumbai is a 27-story skyscraper that is estimated to cost around $ 1 billion to build.
Here's a look at the assets, relationships, friends, and lavish lifestyle of the Ambani family.
The Ambani family in India was described by Forbes as Asia's richest family.
From left to right: Akash Ambani, Anant Ambani, Isha Ambani, Nita Ambani and Mukesh Ambani.
The family patriarch Mukesh Ambani has an estimated net worth of $ 64.5 billion, making him the ninth richest person in the world, according to Bloomberg. He is also, as Fortune reported, the first Asian tycoon to be among the 10 richest people in the world.
The Indian family's massive wealth began with Dhirubhai Ambani, who founded Reliance Industries to manufacture fabrics and textiles.
Dhirubhai Ambani pictured in 2002.
Source: Bloomberg, Fortune
Reliance Industries is now a $ 100 billion Fortune 500 company and one of the most valuable companies in India.
Trust industries India
Source: Bloomberg, Fortune
Dhirubhai died in 2002 at the age of 69 without a will and left his company to be run by his two sons: Mukesh and his younger brother Anil.
Mukesh Ambani (left) and Anil Ambani (right) take their father's body to a crematorium in Bombay on July 7, 2002, one day after his death.
A fierce follow-up battle between the two brothers followed their father's death, leading to a rival relationship between Mukesh and Anil.
Brothers Mukesh and Anil Ambani.
Ultimately, Mukesh was responsible for the majority of Reliance.
In 2005, the brothers split the company into a business that their mother negotiated, and Mukesh was in control of the company's oil, gas, petrochemical, and refinery operations.
Mukesh Ambani (left) and Anil Ambani (right) in 2015.
Anil took over the areas of construction, telecommunications, wealth management, entertainment and power generation.
The story goes on
You should check here to buy the best price guaranteed products.
Blackberry rallies on earnings beat, Darden jumps on earnings, Toast surges on debut
What the Fed's future rate hikes means for your investment portfolio
Anti-domestic violence advocate on Gabby Petito case, widespread issue in the U.S.
AP Top Stories Sept. 23 A
Brian Laundrie's neighbors tell him to 'turn yourself in' as search enters its second week
Apple furious at EU plan for standard chargers