Today, G. Ripley writes about two lucrative entrepreneurs from the Indian subcontinent. Anil and Mukesh Ambani are brothers, that made their family riches in Reliance Industries. Mukesh lives in Antilia Building, the world's mose expensive house located on Altamount road in Mumbai. He is the ninth richest man in the world, according to Forbes. Mukesh's net worth is north of $70 billion. Anil is the chairman of Reliance Group. Next, Anil is the younger of the two brothers. He is credited with leading Reliance Power to become the country's largest IPO, as Reliance Power went public in 2008. Anil Ambani has an MBA from Wharton School of the University of Pennsylvania. Ambani dabbled in Indian politics, as he served in the Rajya Sabba as a member of Parliament from 2004 to 2006. Ambani represented Uttar Pradesh, the most populous state in India. Unlike Mukesh, Anil lost his billionaire status in February 2020 as he declared bankruptcy in the United Kingdom. Back to the older Ambani, Mukesh is the chairman and managing director of Reliance Industries. Reliance Industries is the most valuable company in India, based on open market value. In contrast to Anil, Mukesh enrolled in Stanford university but elected to drop out. Mukesh Ambani became a director at Bank of America, as he was appointed to company's board of directors in 2011. In 2013, Ambani joined BAC (Bank of America Corp.) global advisory council as Mukesh stepped down from the company's board of directors. Mukesh has placed a huge bet on Reliance Jio Infocomm, India's sprawling mobile network company. In addition to being the second most populous country globally, India is the third largest economy in Asia. Jio started as a mobile network platform in 2016. In the past five years, Jio has amassed around 400 million users in its mobile network. Jio has launched a streaming service; a video conferencing app; plus a fiber broadband network and digital payments. Jio has brought 750 million internet users to India, as the internet usage has more than doubled in the country. Jio has its headquarters in RCP Navi Mumbai, the largest planned city on a global scale. In this second to last paragraph, Reliance and JioMart are holding talks with Facebook to embed an e-commerce application into WhatsApp by August 2021. WhatsApp is the world's largest centralized messaging platform. WhatsApp was acquired by Facebook in 2014, for the hefty price of $22 billion. JioMart is an online grocery delivery service in India, and the app. crossed over 1 million downloads in its first 14 days. JioMart did a soft launch in different cities around Maharashtra, since its inception in December 2019. JioMart started as a joint venture between Reliance Retail and Jio Platforms. In closing, Google has invested $4.5 billion for a 7.73% stake in Jio Platforms. Silver Lake Partners will invest one billion in Reliance Industries' retail arm. Through these diverse investments, Mukesh's main goal is to take down Amazon and Walmart's business interests in his home country. Enjoy the image above of the Antilia building, world's most extravagant residence. Good day and good night netizens!!
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