BUSINESS

Meet Mukesh Ambani’s “brother,” who joined Reliance instead of Anil Ambani after leaving his own company; his kid now possesses Rs 650000000000

Currently holding the title of wealthiest man in India, Mukesh Ambani has a net worth of about Rs 966634 crore. With a market valuation of Rs 1983000 crore, Reliance Industries is the most valuable business in India, of which he is the chairman. For a considerable amount of time, Mukesh Ambani has been one of the most prominent figures in the corporate world. The billionaire had the support of his family and close friends, such as Nita, Isha, Akash, Anant, and others, to achieve these heights. Anand Jain is one of the few close friends that supported Mukesh Ambani through good times and bad. Anand Jain is considered to be Mukesh Ambani’s second brother, even though Anil Ambani is more often known as his brother. Their relationship dates back many decades, having begun in their school days.

 

Anand Jain quit his company in Delhi to join Reliance Industries when Mukesh Ambani returned from Stanford University in 1918. The two had attended Mumbai’s Hill Grange High School together. Dhirubhai Ambani, the late father of Mukesh Ambani, and Anand Jain collaborated closely.

Mukesh Ambani, the chairman of Reliance, seeks advice from billionaire businessman Anand Jain on all important matters. Anand Jain rose to fame at RIL, according to the Economic Times, in the mid-1980s when he broke up the bear cartel headed by Manu Manek, the former “kingpin” of the Bombay Stock Exchange. For more over 25 years, Anand Jain has been close to Mukesh Ambani. In addition to serving on the Reliance Group firm Indian Petro Chemicals Ltd. (IPCL), he was vice-chairman of Reliance Capital.

Former millionaire Anand Jain came in at number eleven on Forbes India’s 40 Richest list in 2007. Although Anand Jain does not get compensation from Reliance Industries, it is reported that he is the driving force behind all of Mukesh Ambani’s real estate ventures.

Every cricket fan should be aware of Harsh Jain, the young entrepreneur and co-founder of a business valued at Rs 65,000 crore, who is the son of Anand Jain. One of the creators of Dream 11, the first fantasy sports website to become a unicorn in India, is Harsh Jain, one of the wealthiest young billionaires.

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