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India’s richest man got $16.4 billion richer in 2019. Meet the Ambanis, Asia’s wealthiest family, who live in a $1 billion skyscraper and mingle with royals and Bollywood stars.

richest family Asia ambanis
richest family Asia ambanis
Reuters, Getty, AP; Shayanne Gal/Business Insider

The richest family in Asia is an Indian family that made headlines in 2018 for throwing one of the most lavish wedding celebrations in recent memory, which included a private Beyoncé concert and celebrity guests including Priyanka Chopra and Nick Jonas, Hillary Clinton, and Arianna Huffington.

The Ambani family is behind the oil-to-telecom conglomerate Reliance Industries. The company’s chairman and largest shareholder is Mukesh Ambani, the richest man in Asia, who is worth an estimated $60.7 billion, according to Bloomberg’s Billionaires Index.

That makes him the 12th-richest person in the world, according to Bloomberg, while Forbes pegs him the 10th-richest.

Mukesh’s daughter, 28-year-old Isha Ambani, married Anand Piramal, 34, heir to a real-estate and pharmaceutical business, in December 2018 at the Ambani family home in Mumbai, a 27-story skyscraper that cost an estimated $1 billion to build.

Here’s a look at the Ambani family’s fortune, relationships, friends, and lavish lifestyles.

India’s richest man got $16.4 billion richer in 2019. Meet the Ambanis, Asia’s wealthiest family, who live in a $1 billion skyscraper and mingle with royals and Bollywood stars. slides

India’s richest man got $16.4 billion richer in 2019. Meet the Ambanis, Asia’s wealthiest family, who live in a $1 billion skyscraper and mingle with royals and Bollywood stars. slides

  • The Ambani family in India tops the Forbes list of Asia’s Richest Families. The family patriarch, Mukesh Ambani, has an estimated net worth of about $60.7 billion.

    Source: Forbes, Bloomberg

    Reuters

  • The Indian family’s massive wealth began with Dhirubhai Ambani, who founded Reliance Industries to manufacture fabrics and textiles.

    Source: BloombergFortune

    Reuters

  • It’s now a Fortune 500 company worth $100 billion, and one of the most valuable companies in India.

    Source: BloombergFortune

    Reuters

  • Dhirubhai died in 2002 at age 69 without a will …

    Source: Bloomberg

    Reuters

  • … leaving his company to be run by both of his sons: Mukesh and his younger brother, Anil.

    Source: Bloomberg

    Reuters

  • A bitter succession battle between the two brothers followed their father’s death and resulted in a rivalrous relationship between Mukesh and Anil. Ultimately, Mukesh was left in charge of the majority of Reliance.

    Source: Bloomberg

    Getty Images

  • In 2005, the brothers split the company in a deal negotiated by their mother, and Mukesh was left with control of the oil, gas, petrochemicals, and refining operations of the business. Anil took over construction, telecommunications, asset management, entertainment and power generation businesses.

    Source: Bloomberg

    Reuters

  • Mukesh surpassed Alibaba Group founder Jack Ma in July 2018 to become the richest man in Asia after a thriving year for his company.

    Source: Bloomberg

    Getty Images

  • Anil Ambani, 60, chairman of Reliance Group, is worth an estimated $1.7 billion — less than 3% of his older brother’s wealth. Bloomberg reported that 2018 saw Anil’s businesses suffer from “legal and liquidity challenges.”

    Source: Forbes, Bloomberg

    Reuters

  • Indian media reported in September 2018 that Anil’s “cash-strapped” Reliance Communications will quit the telecom business and turn to real estate.

    Source: Times of India

    Reuters

  • Anil is married to Tina Ambani, a former Bollywood actress …

    Source: The National

    Getty Images

  • … and they have two sons. Anmol Ambani, 27, works within his father’s company and was named a director to the Board of Reliance Capital in 2016.

    Source: Reliance Capital

    Getty Images

  • Anil’s younger son, 23-year-old Anshul, joined the family business as a management trainee in January 2019.

    Source: The Hindu Business Line

    Getty Images

  • Mukesh Ambani is married to Nita Ambani, who Forbes called “The First Lady Of Indian Business” in 2016.

    Source: Forbes

    Reuters

  • Nita is the chair of Reliance Foundation, the company’s charity organization. She’s also involved with the company’s sports ventures as well as marketing and branding strategy for Reliance Jio Infocomm, Reliance’s mobile network operator.

    Source: Forbes

    Getty Images

  • Nita and Mukesh have three children, the youngest being 24-year-old Anant Ambani, who has started taking part in some of his father’s company’s events and meetings.

    Source: Bloomberg

    Associated Press

  • Rumors have swirled about a possible engagement between Anant and Radhika Merchant, but a Reliance spokesperson said in May that “Anant Ambani is not engaged yet.” A recent article called Anant “India’s most eligible bachelor.”

    Source: Yahoo India, South China Morning Post

    Getty Images

  • Then there are 28-year-old twins Isha and Akash Ambani.

    Source: Forbes

    Reuters

  • Akash is a board member at Reliance Jio. Both he and his twin sister studied at Ivy League universities in the US, Akash at Brown University …

    Source: Forbes

    Getty Images

  • Akash is married to his high school sweetheart, Shloka Mehta, the daughter of a well-known diamond merchant. Mehta reportedly studied at Princeton University and the London School of Economics.

    Source: Forbes, South China Morning Post

    Getty Images

  • They were married in Mumbai in March 2019. Google CEO Sundar Pichai, former British prime minister Tony Blair, and actress Priyanka Chopra were reportedly among the guests.

    Source: Forbes, India Today, Straits Times

    Milind Shelte/The India Today Group via Getty Images

  • Akash’s twin sister, Isha, is on the board of directors for India’s largest retailer, Reliance Retail, a subsidiary of Reliance Industries, and serves as a co-director for the telecom arm, Jio.

    Source: Business Insider

    Getty Images

  • She previously spent a stint working at management consulting firm McKinsey in New York.

    Source: India Times

    Getty Images

  • Isha married Anand Piramal, now 34, heir to a real estate and pharmaceutical business, in December 2018, following several lavish pre-wedding events.

    Source: Business Insider

    Reuters

  • The engagement party took place at the luxury Villa D’Este hotel on Italy’s Lake Como, where singer John Legend gave a private performance.

    Source: Business Insider

  • Other pre-wedding festivities were held in the western Indian city of Udaipur.

    Source: Business Insider

    Reuters

  • These celebrations included a private concert by Beyoncé, who reportedly sang “Crazy in Love,” “Naughty Girl,” and “Perfect” at the Oberoi Udaivilas hotel in Udaipur.

    Source: Business Insider

  • The wedding ceremony itself was held at the Ambani family home in Mumbai.

    Source: Business Insider

    Reuters

  • An estimated 600 guests attended the extravagant wedding, which cost an estimated $100 million by some reports. A Reliance spokesman, however, said it cost no more than $15 million.

    Source: Forbes

    Getty Images

  • Vintage cars carried guests during the wedding procession.

    Getty Images

  • Brothers Akash and Anant rode in on horseback.

    Getty Images

  • The celebration included dance performances and sightings of many high-profile guests …

    Getty Images

  • … including former Secretary of State and presidential candidate Hillary Clinton with her longtime aide, Huma Abedin …

    Associated Press

  • … actor Priyanka Chopra and her husband, Nick Jonas …

    Reuters

  • … and Bollywood star Shah Rukh Khan.

    SUJIT JAISWAL/AFP/Getty Images

  • The wedding venue was the Ambani family home in Mumbai: a 27-story luxury skyscraper that cost an estimated $1 billion to build. It’s called Antilia after a mythical Atlantic island.

    Source: Business Insider

    Reuters

  • Antilia includes swimming pools, ballrooms, a garden that spans three floors, six floors of parking, three helipads, and it can withstand a magnitude 8 earthquake. A staff of 600 people runs the home.

    Source: Business Insider

    Reuters

  • It’s estimated to be one of the world’s most expensive properties, second to Buckingham Palace. In this photo, trees surrounding the skyscraper are decorated for Isha’s wedding.

    Source: Business Insider

    Reuters

  • Isha reportedly moved out of the family home following her wedding.

    Source: Reuters

    Reuters

  • She and her new husband moved into a bungalow in Mumbai called Gulita.

    Source: Reuters

    Reuters

  • The Ambani family has long mingled with high-profile global figures, including Prince Charles and Camilla, the Duchess of Cornwall …

    Reuters

  • … former British Prime Minister David Cameron …

    Getty Images

  • … Indian Prime Minister Narendra Modi …

    Reuters

  • … former US president Barack Obama …

    Reuters

  • … and former Secretary of State, Hillary Clinton. The Clintons and the Ambanis have reportedly known each other for nearly 20 years.

    Source: The Guardian

    Reuters

  • The wealth of the Ambani family seems poised to continue growing.

    Source: Bloomberg

    Getty Images

  • Although more than half of India’s 100 richest people lost money over the past year, Ambani’s fortune grew by $16.1 billion since the beginning of 2019.

    Source: Forbes, Bloomberg

    Himanshu Bhatt/NurPhoto via Getty Images

  • Ambani’s telecom company, Jio, has grown to become one of India’s biggest mobile carriers, with 340 million subscribers.

    Source: Forbes

    Reuters

  • Mukesh Ambani’s three children are involved in the family business in some capacity, but Ambani’s succession plan for the company is “unclear,” according to Bloomberg. Only time will tell who will take over the $100 billion company.

    Source: Bloomberg

    Reuters

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