Asia’s richest man celebrates son’s prenuptials with a star-studded bash
NEW DELHI — What happens when the son of Asia’s richest man is about to get married?
His father throws a three-day prenuptial bash four months before the actual ceremony.
Tycoons from around the world, heads of state, as well as Hollywood and Bollywood stars descended on the small western Indian city of Jamnagar on Friday where billionaire industrialist Mukesh Ambani is kickstarting a big fat wedding celebration for his youngest son.
The nearly 1200-person guest list includes pop superstar Rihanna, Bill Gates, Mark Zuckerberg, Sunder Picha, Ivanka Trump and Bollywood celebrity Shah Rukh Khan.
All eyes are on Anant Ambani, 28, and his long-time girlfriend Radhika Merchant, 29, who will tie the knot in July. Ms Radhika is the daughter of Viren Merchant, CEO of Encore Healthcare Pvt. Ltd., and entrepreneur Shaila Merchant.
Such festivities keep up with the Ambani family’s tradition of lavish and over-the-top parties while displaying the Indian billionaire’s economic and political clout
Here is everything you need to know about the family and the prenuptial bash that captivated the country.
Who is Mukesh Ambani?
Mukesh Ambani, 66, is currently the world’s 10th richest man with a net worth of $115billion, according to Forbes. He is also the richest person in Asia.
His Reliance Industries is a massive conglomerate, reporting over $100 billion in annual revenue, with interests ranging from petrochemicals, and oil and gas to telecoms and retail.
Under Mr Ambani’s leadership, Reliance — founded by his father in 1966 — sparked a telecom price war with the launch of the 4G phone and broadband service Jio in 2016. Today, it has more than 420 million subscribers and offers 5G services. Earlier this week, Disney struck an $8.5bn deal to merge its India business with Mr Ambani’s Reliance Industries, forming a new media giant.
The Ambani family owns, among other assets, a 27-story private apartment building, named Antila, worth $1 billion in Mumbai. It has three helipads, a 160-car garage, a private movie theater, a swimming pool, and a fitness center.
Mr Ambani’s critics say his company has flourished mainly because of political connections during the Congress governments in the 1970s and 80s and subsequently under Prime Minister Narendra Modi’s rule after 2014. They say “crony capitalism” in India has helped certain corporations, such as Mr Ambani’s, thrive.
Mukesh Ambani, 66, has started passing the torch to his two sons and daughter. The oldest son, Akash Ambani, is now chairperson of Reliance Jio; his daughter, Ms Isha, oversees retail; and the youngest, Mr Anant — who will wed in July— has been inducted into the new energy business.