Mukesh Ambani Net Worth

Mukesh Ambani has an estimated net worth of $83 billion, according to Forbes Real-Time Billionaires, Mukesh Ambani profile (figures as of October 20, 2026). That is up from $50 billion in 2019.

Mukesh Ambani is the chairman and managing director of Reliance Industries in India. He took a bigger role in the company in the late 1980s, then became central to the business after his father died in 2002 and the family empire was divided. Over time, he pushed Reliance beyond its original textile roots into petrochemicals, oil and gas, telecom, retail, media, financial services, and newer energy projects.

A big part of his rise came from building scale in energy and then adding consumer businesses. He directed the setup of the Jamnagar refinery and later expanded the group into communications and broadband. During the Covid-19 lockdown, he raised more than $20 billion by selling a third of Jio to investors including Facebook and Google. In 2023, Reliance listed Jio Financial Services, adding another public business tied to the group.

How Mukesh Ambani built his fortune

Ambani’s wealth is tied to Reliance Industries, the diversified company he chairs and runs. Forbes notes that Reliance has $125 billion in revenue and operates across petrochemicals, oil and gas, telecom, retail, media, and financial services. The company began in 1966 as a small textile manufacturer founded by his father, Dhirubhai Ambani. After 2002, Mukesh Ambani took charge of his side of the family business and kept broadening its reach.

Two major engines stand out. One is energy, including the Jamnagar refinery and a wider push into petrochemicals and oil. The other is Jio, Reliance’s telecom and broadband arm, which has over 500 million subscribers. During the lockdown period, Ambani brought in more than $20 billion by selling a third of Jio. Reliance also listed Jio Financial Services in 2023, bought the Mandarin Oriental hotel in New York for $98 million in 2022, and has committed $80 billion to renewable energy.

What Forbes says about his net worth

Forbes has tracked sharp swings in Ambani’s fortune. Its World's Billionaires List put him at $50 billion in 2019, then $36.8 billion in 2020. After that, the estimate climbed to $84.5 billion in 2021 and $90.7 billion in 2022. Those moves happened as Reliance kept expanding, Jio attracted major investors, and the company added more businesses in telecom, finance, retail, and media.

The later figures also moved around. Forbes estimated $116 billion in 2024, then $92.5 billion in 2025, and $99.7 billion in 2026. As of October 20, 2026, Forbes' real-time billionaires tracker shows $83 billion. Around that period, Reliance was also planning big new bets, including a possible Jio listing in 2026 and an announced $110 billion investment in AI infrastructure over the next seven years.