Mukesh Dhirubhai Ambani was born on April 19, 1957. He is an Indian business magnate, and the chairman, managing director, and largest shareholder of Reliance Industries Ltd. Indias most valuable company.
Mukesh Ambani who is India's richest man for 12 years in a row, has seen his wealth drop by 38.7 percent as the shares of Reliance recorded its fresh intraday 52-week low of RS 891 on 19 March 2020. In Feb, the shares of RIL closed at RS 1,478. Ambani has lost USD 22.7 billion drops from a fortune of USD 57.1 billion.
After this huge loss, he never lost his hope and he came up with a new idea that he decided to sell the Reliance stakes. After selling 17% of the stake he became debt-free. His company has managed to raise 1,68,818 crore in just 58 days.
In just a few days he stood in the top 10 richest men in the world. After those big companies like Facebook, Google, KKR, Abu Dhabi Investment Authority, TPG capital, and other companies have invested in JIO.
After reaching the 6th position Ambani has faced a huge loss of over $2.5 billion. He falls down to the 10th position. Reliance stocks tanking by over 6% after announcing a delay. But, he never thought of returning back he fought very hard for success. He came back with a net worth of $88 billion and he stood in the 5th place.
Everyone has failures but quitting your work is not the solution. Hurdles are not permanent. Facing the hurdles with a strong heart can achieve success.
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