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Education: University of Bombay, Bachelor of
Chemical Engineering
Stanford University, Master of Business
Administration
Oversees Reliance Industries, India's most
valuable company by market cap despite stock
falling 40% in past year. Merging his Reliance
Petroleum with flagship Reliance Industries. As
part of deal, will exercise right to buy back
Chevron's 5% stake in Reliance Petroleum at
$1.20 per share—the same price at which he sold
it 3 years ago. Today the stock trades for $1.80
a share. Increased stake in Reliance Industries
in October; paid $3.4 billion to convert 120
million preferential warrants into shares.
Reliance Petroleum refinery on India's western
coast began operating in December despite
falling global demand and declining margins.
Late father Dhirubhai founded Reliance and built
it into a massive conglomerate. After he died
Mukesh and his brother, Anil, ran the family
business together for a brief time. But siblings
feuded over control; mother eventually brokered
split of assets. Brothers may be looking to bury
hatchet; played joint hosts at mother's recent
75th-birthday bash. Has yet to move into his
27-story home that he's building at a reported
cost of $1 billion. Ardent fan of Bollywood
films. Wife, Nita, oversees school named after
his father.
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