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Luxury

How does Mukesh Ambani – India’s richest man – and his family spend their US$50 billion fortune?

STORYDan Williams
Mukesh Ambani (centre), his wife Nita Ambani (back left), daughter Isha Ambani (right), son Anant Ambani and Radhika Merchant (front left), arrive on November 30 for the wedding of Bollywood actress Priyanka Chopra and singer Nick Jonas in Jodhpur, India. Photo: AP
Mukesh Ambani (centre), his wife Nita Ambani (back left), daughter Isha Ambani (right), son Anant Ambani and Radhika Merchant (front left), arrive on November 30 for the wedding of Bollywood actress Priyanka Chopra and singer Nick Jonas in Jodhpur, India. Photo: AP
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Ambani, his wife Nita, and their three children – Akash, Isha, Anant – are not shy about flashing the cash

With nearly US$50 billion, the Ambani family is the richest in Asia – and they never hesitate to show off their wealth. From gorgeous homes to impressive charitable contributions, the Ambanis make the most of their fortune. Here’s how they spend their money.

Antilia

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Antilia, the residence of Reliance Industries chairman and managing director, Mukesh Ambani’s family, is decorated during his daughter Isha Ambani’s wedding, in Mumbai in December 2018. Photo: Reuters
Antilia, the residence of Reliance Industries chairman and managing director, Mukesh Ambani’s family, is decorated during his daughter Isha Ambani’s wedding, in Mumbai in December 2018. Photo: Reuters

The Ambanis have multiple homes but the crown jewel of their real estate holdings is Antilia, the 27-story skyscraper in Mumbai that allegedly cost US$1 billion to build. The home features 600 full-time staff, three helipads, a garden that spans three floors, swimming pools and gorgeous ballrooms – and it’s said to be the second most expensive property in the world (behind only Buckingham Palace).

Cars

Mukesh Ambani. Photo: Reuters
Mukesh Ambani. Photo: Reuters

Mukesh Ambani has used his massive wealth over the years to amass a fleet of luxury cars. The cars in his collection include a Mercedes Maybach 660 Guard, BMW 760 Li, Bentley Continental Flying Spur and a Rolls-Royce Phantom. Several of them are among the most expensive on the market. They also feature bulletproof coating to ensure that the family stays safe wherever their travels take them.

Weddings

A view of City Palace, one of the venues for the pre-wedding celebrations of Isha Ambani in Udaipur, in the Indian desert state of Rajasthan in December 2018. Photo: Reuters
A view of City Palace, one of the venues for the pre-wedding celebrations of Isha Ambani in Udaipur, in the Indian desert state of Rajasthan in December 2018. Photo: Reuters

It’s been a celebratory couple of years for the Ambanis. In 2018, their eldest daughter Isha married Anand Piramal in a gorgeous ceremony. The wedding reputedly cost nearly US$100 million and featured stunning decorations, a private concert by Beyoncé and plenty of charter flights to fly in the Clintons, Nick Jonas and his wife Priyanka Chopra, and other celebrities. That doesn’t count the engagement party and pre-wedding ceremonies which the Ambanis hosted.

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