The 100 Year Rise of the Ambani Family

Sign up for my FREE newsletter! - https://www.compoundeddaily.com/ ------ #history #business #ambanifamily Link To Our Other Channel: https://www.youtube.com/c/HowMoneyWorks Written By: Sam Video Created By: Svibe Multimedia Studio Editor: Cardan Media Gatherer: Andrea Rivas Footage Courtesy of: Getty Images Music Provided By: Epidemic Sound 📩 Business Inquiries ➡️ [email protected] ----- A family worth over $120 billion almost went bankrupt a few years ago, but is now poised to become your internet provider - assuming they defeat Elon Musk in the satellite broadband arms race. With their legacy for innovation, risk-taking, and business development, there’s every reason to think you will be sending cheques to the Ambani family. And the guy who’ll be cashing them in will be their patriarch: Mukesh Ambani. He made global headlines when he spent $600 million on his son’s extravagant wedding. But that was only 0.5% of his net worth! To him, hiring Beyonce for a personal show costs the equivalent of the loose change he finds under the couch cushions. No wonder he’s the richest person in Asia and the 11th richest person in the world. But you don’t become that wealthy without making a few enemies…or powerful friends… He’s been accused of getting too close to politics, and meddling with markets. Not to mention his lavish displays of wealth stand in stark contrast to the slums surrounding his personal skyscraper. Yet there are those who say he and the rest of the Ambani family are a force for good. They’ve raised India out of economic obscurity and transformed it into a market-force to be reckoned with. Without them, India wouldn’t be on the fast-track to become one of the strongest GDPs. No doubt, a booming economy provided a strong foundation for India’s emerging space industry, tech services, and financial centres. And to think, it all started with a small boy from a small village deciding to sell textiles from a single room. So how did the Ambanis join the super-duper rich? And does widening the wealth gap in India justify helping to set up the nation to become a super-power? To answer that, we need to travel 100 years ago. -- Sources -- 1. https://www.forbes.com/profile/mukesh-ambani/ 2. https://www.nytimes.com/article/ambani-wedding.html 3. https://www.britannica.com/money/Dhirubhai-Ambani 4. https://www.vedantu.com/biography/dhirubhai-ambani-biography 5. https://www.arabnews.com/ambani-gas-station-attendant-reliance-owner 6. https://economictimes.indiatimes.com/magazines/panache/dhirubhai-ambani-birth-anniversary-tracing-the-remarkable-life-of-indias-business-guru/early-life-humble-beginnings/slideshow/106348458.cms?from=mdr 7. https://brandequity.economictimes.indiatimes.com/news/advertising/when-only-vimal-weaved-a-fashionable-story/91700577 8. https://www.britannica.com/topic/Reliance-Industries-Limited 9. https://www.iqpc.com/media/7791/11215.pdf 10. https://thebusinessfame.com/mukesh-ambani-success-story/ 11. https://www.forbes.com/profile/anil-ambani/ 12. https://deadspin.com/bless-this-oafish-koch-heir-and-his-hideous-shirts-1821513843/ 13. https://www.architecturaldigest.in/content/mukesh-ambani-antilia-home-mumbai/ 14. https://www.theguardian.com/world/article/2024/jul/12/ambani-wedding-india-anant-radhika-merchant-mumbai-guests 15. https://www.indiatoday.in/amp/india/story/oscar-canine-mylo-dogs-retired-antilia-bomb-scare-mumbai-police-2622623-2024-10-24 16. https://economictimes.indiatimes.com/news/company/corporate-trends/anil-ambani-how-worlds-6th-richest-man-became-bankrupt-and-banned-in-just-over-a-decade/articleshow/112732505.cms?from=mdr 17. https://people.com/all-about-mukesh-ambani-children-8603971