Our Bureau
New Delhi
Mukesh Ambani, the Chairman and Managing Director of Reliance Industries has made history as the only Indian to be included in Fortune’s inaugural list of the 100 Most Powerful People in Business, securing the 12th position. This recognition underscores his significant influence in the global business landscape, particularly as he leads one of India’s most valuable companies, with a net worth of approximately $98 billion.
Ambani’s inclusion highlights the growing recognition of Indian leadership on the world stage. Reliance Industries operates across diverse sectors, including petrochemicals, retail, entertainment, and telecommunications, contributing to its market capitalization of Rs. 16.96 lakh crore as of November 13, 2024. Under Ambani’s stewardship, the company has not only thrived but also transformed the Indian telecom sector with the launch of Jio, which has significantly increased internet accessibility across the nation.
The Fortune list features leaders from various industries, showcasing a wide range of ages and backgrounds. Notable figures include Elon Musk, who tops the list, followed by Jensen Huang of NVIDIA and Satya Nadella from Microsoft in third place. Other prominent names include Warren Buffett, Jamie Dimon, and Tim Cook, illustrating a diverse array of powerful business leaders.
Ambani’s ranking reflects not just his wealth but also his strategic vision for the future of Reliance. He is actively preparing the next generation to lead his business empire, with his eldest son Akash at the helm of Reliance Jio, his daughter Isha overseeing the retail business, and his younger son Anant handling the energy business. This succession planning is crucial for ensuring the longevity and continued success of Reliance Industries in an increasingly competitive global market.
In addition to Ambani, six other individuals of Indian origin appear on the list, including Sundar Pichai (Google) and Shantanu Narayen (Adobe), further emphasizing the impact of Indian talent in global business. The recognition given to Ambani is a testament to his role in shaping not only Reliance but also India’s economic landscape.
As Ambani continues to innovate and expand Reliance’s footprint, his presence on such a prestigious list serves as an inspiration for aspiring entrepreneurs in India and beyond. His journey exemplifies how visionary leadership can drive significant change and create lasting impact in multiple sectors.
