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<ul><li>Mukesh Ambani became a grandfather, today, after his son Akash Ambani and daughter-in-law Shloka Mehta gave birth to a baby boy in Mumbai. </li><li>This is the first child of Shloka Mehta and Akash Ambani after the couple tied the knot in March 2019. </li><li>The 63-old Ambani is the richest man of Asia and has a net wealth of $77.2 billion, according to Forbes.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Asia's richest man and the owner of the most valued company of India, Mukesh Ambani became a grandfather after his son Akash Ambani, and daughter-in-law Shloka Mehta gave birth to a baby boy in Mumbai. "Nita and Mukesh Ambani are delighted to become grandparents for the first time, as they welcomed the great-grandson of Dhirubhai and Kokilaben Ambani," the family said in a statement, according to <a href="https://www.cnbctv18.com/india/shloka-akash-ambani-become-parents-of-baby-boy-7694741.htm">CNBCTV18</a>. The statement <a href="https://www.cnbctv18.com/india/shloka-akash-ambani-become-parents-of-baby-boy-7694741.htm">reportedly </a>mentioned that both mother and son are doing well. <div type="javascript" title="Instagram" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div> Shloka Mehta is the daughter of diamantaire Russell Mehta and Mona Mehta. The couple were reportedly school friends who met at Dhirubhai Ambani school. And, got engaged in June 2018 before getting married last year, which was attended by some of the world's most rich and powerful including Hillary Clinton, Alphabet CEO Sundar Pichai and former British PM Tony Blair. This is the first child of Shloka Mehta and Akash Ambani after the couple tied the knot in March 2019. The 63-old Ambani is the richest man of Asia and has a net wealth of $77.2 billion, according to Forbes. Ambani's have three children — twins Akash and Isha, and Anant. Akash Ambani is the eldest son of the family. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/facebook-hit-with-2-massive-antitrust-lawsuits-from-the-ftc-and-46-states-seeking-to-spin-off-instagram-and-whatsapp/articleshow/79652195.cms" data-type="tilCustomLink">Facebook hit with 2 massive antitrust lawsuits from the FTC and 46 states seeking to spin off Instagram and WhatsApp</a> <a href="https://www.businessinsider.in/stock-market/news/airbnb-prices-ipo-at-68-per-share-will-raise-3-5-billion/articleshow/79653812.cms" data-type="tilCustomLink">Airbnb prices IPO at $68 per share, will raise $3.5 billion</a>

Asia's richest man now has a grandson

As the richest family in Asia, the glamorous Ambani clan is steadily collecting fans and captivating admirers across the world. We’ve already made it clear <a href="https://www.scmp.com/magazines/style/news-trends/article/3023905/why-heiress-isha-ambani-daughter-asias-richest-man">we’re big believers in Isha Ambani</a> – daughter of Asia’s richest man, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> – but what about her twin brother, Akash?In true Ambani fashion, this 28-year-old is already making waves and achieving big things. Here are six things you should know about Akash, an impressive heir to Asia’s largest fortune: 1. He just had a lavish wedding In March 2019, <a href="https://www.scmp.com/news/asia/south-asia/article/2189367/akash-ambani-son-asias-richest-man-mukesh-ambani-marrying">Akash had an opulent, three-day wedding in Mumbai</a> as he took Shloka Mehta’s hand in marriage. The two met years ago at school and had been engaged since March 2018. Their wedding was joyous and traditional, featuring lots of dancing, gorgeous dresses and elaborate musical performances. The guest list also featured A-listers like actress Priyanka Chopra and influential world leaders like former British prime minister Tony Blair. 2. Like his sister, he’s Ivy League-educated While his sister Isha earned an undergraduate degree from Yale, Akash studied economics at the similarly prestigious Brown University, in Providence, Rhode Island. And his new wife, Shloka, is also well-educated. She studied anthropology at Princeton University, New Jersey, then received her masters in law and anthropology at the London School of Economics (LSE). Quite a smart pair! 3. He's on the board at his father's company, <keyword id="10926" type="CITY" weightage="20" keywordseo="Reliance">Reliance</keyword> Is Mukesh grooming his son Akash to take over the family empire? Reliance Industries Limited is one of the biggest businesses in Asia, and Akash is already being given more responsibility. He and Isha were put on the board of directors soon after graduating college, and Akash has already worked for the telecom arm of Reliance in Mumbai. His current title is chief of strategy. The twin siblings also introduced the Jio 2 mobile phone, one of the company’s biggest product launches in recent memory. The twins are also brother to younger sibling Anant Ambani, aged 24. 4. He’s a big sports fan Earlier this summer, Akash and his friends were in a luxury box at the much-anticipated cricket face-off between India and Pakistan in the ICC Cricket World Cup. In attendance with him were his wife Shloka, mum Nita Ambani, and family friends. But that’s not the only time Akash has shown a love of sports. He also proved to be quite skilled at the popular soccer video game Fifa 2019 when demonstrating the Jio set-top box’s gaming capabilities at a recent product launch. 5. He boasts an impressive car collection If Isha and Akash’s fancy weddings tell us anything, it’s that this family definitely has a flair for elegance. That’s why it’s no big surprise that Akash possesses a stunning fleet of cars. The crown jewel of this collection is the Bentley Bentayga, India’s most expensive SUV. A Mercedes-Benz G-Wagen, Range Rover Vogue, Rolls-Royce Phantom Drophead Coupé and more round out this impressive collection of cars. 6. He has massive respect for his father Akash isn’t intimidated by his billionaire father. He’s claimed his father is his “hero” and has praised his father’s unwavering work ethic even as he reaches his sixties. But most importantly, he admires his father’s humility. Because even if he’s the richest guy in the room and a titan of the business world, he’s still open to new ideas and treats everyone with respect. So it’s clear Akash is hoping to follow in his father's impressive footsteps!

6 things to know about Akash Ambani, son of Asia’s richest man, Mukesh Ambani

<ul><li><keyword id="6374020" type="General" weightage="50" keywordseo="anant-ambani" source="Orion">Anant Ambani</keyword> heads the new energy business of Reliance Industries. </li><li>He has graduated from Brown University in the USA. </li><li><keyword id="6528933" type="General" weightage="20" keywordseo="radhika-merchant" source="Orion">Radhika Merchant</keyword> is the daughter of Shaila and <keyword id="5220246" type="General" weightage="50" keywordseo="viren-merchant" source="Orion">Viren Merchant</keyword>, and has graduated from the New York University. </li></ul>The youngest son of Mukesh and <keyword id="7024" type="General" weightage="50" keywordseo="nita-ambani" source="Orion">Nita Ambani</keyword>, Anant Ambani was formally engaged to Radhika Merchant, on Thursday. The ceremony took place at the Ambani residence in Mumbai. Anant Ambani who heads the new energy business of Reliance Industries, that’s based out Jamnagar in Gujarat – has been rumoured to be dating Merchant, for a long time now. His siblings and twins Akash and <keyword id="617730" type="General" weightage="50" keywordseo="isha-ambani" source="Orion">Isha Ambani</keyword> head the telecom and retail businesses of the conglomerate. The succession plan <a href="https://www.businessinsider.in/business/corporates/news/akash-isha-and-anant-are-the-future-of-reliance-industries/articleshow/93854579.cms">was announced in August last year</a>, during the company’s annual general meeting. “All three of them have the mindset of the founder (Dhirubhai Ambani). Anant, in fact, spends most of his time at Jamnagar,” said Mukesh Ambani at the AGM. While Akash Ambani is married to <keyword id="6296629" type="General" weightage="50" keywordseo="shloka-mehta" source="Orion">Shloka Mehta</keyword> and has a son named Prithvi, Isha Ambani who is married to Anand Piramal, has recently given birth to twin babies – a boy and a girl. <div type="image" title="anant ambani engagement" msid="97140821" hostid="261"></div> Anant Ambani graduated from Brown University in the USA, and has since served at Reliance Industries in various capacities including as a member on the boards of Jio Platforms and Reliance Retail Ventures. Radhika Merchant is the daughter of Shaila and Viren Merchant, and has graduated from the New York University. She serves as a director on the Board of Encore Healthcare, a pharma company based out of Mumbai. “Age old traditions such as the Gol Dhana and Chunari Vidhi – followed since generations among Gujarati Hindu families – were conducted with great enthusiasm in the family temple and ceremony areas even as the families exchanged gifts and greetings, bonhomie and fun,” said a note sent by the Ambani family. <div type="image" title="Radhika merchant" msid="97140835" hostid="261"></div> The commencement of the engagement was announced by Isha Ambani, after which the couple exchanged rings in front of family and friends and sought their blessings for their upcoming union. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/akash-isha-and-anant-are-the-future-of-reliance-industries/articleshow/93854579.cms">Reliance of the future – in the hands of Akash, Isha and Anant</a>

Anant Ambani gets engaged to Radhika Merchant amidst traditional Gujarati ceremonies

<ul class="summary-list"><li>Rihanna performed at the private pre-wedding bash of Indian billionaire Mukesh Ambani's son.</li><li>It was her first full live show in almost eight years, not counting the 2023 Super Bowl.</li></ul>It's the concert we all wished we were at but sadly had to watch through grainy phone camera footage: <a target="_blank" href="https://www.businessinsider.com/rihanna-life-career-timeline-iconic-moments-2019-2">Rihanna's</a> one-night-only comeback.The 36-year-old singer performed her first full live show in almost eight years — not counting <a target="_blank" href="https://www.businessinsider.com/rihanna-super-bowl-performance-photos-pregnant-2023-2">her 15-minute slot at the 2023 Super Bowl Halftime show</a> and <a target="_blank" href="https://www.youtube.com/watch?v=0NZ6A-X6taA">2023 Academy Award performance</a> — at the <a target="_blank" href="https://www.businessinsider.com/ambani-wedding-rihanna-ivanka-trump-radhika-merchant-fashion-2024-3">pre-wedding party of Anant Ambani</a>, the youngest son of Indian multibillionaire Mukesh Ambani, and his soon-to-be wife, Radhika Merchant.For the lucky <a target="_blank" href="https://www.businessinsider.com/bill-gates-mark-zuckerberg-among-expected-attendees-at-indian-wedding-2024-2">1,200-plus guests</a> — including Mark Zuckerberg, <a target="_blank" href="https://www.businessinsider.com/photos-ivanka-trump-wears-shiny-sari-to-ambani-wedding-event-2024-3">Ivanka Trump</a>, and Bollywood stars — the singer took to the stage in Jamnagar, India, to deliver a concert-length <a target="_blank" href="https://www.nme.com/news/music/rihanna-plays-first-show-in-eight-years-at-billionaires-wedding-in-india-setlist-watch-footage-3595618">19-song set,</a> including hits such as her career-launching "Umbrella" and No.1 hits "Diamonds" and "Work," according to NME.The show also included live renditions of the songs "We Found Love," "Stay," "Rude Boy," and "All Of The Lights," and ended with the <a target="_blank" href="https://www.businessinsider.com/ambani-richest-family-in-asia-india-lifestyle-home-wedding-photos-2018-12">whole Ambani family</a> joining Rihanna onstage."I'm here tonight in honor of Anant and Radhika. Thank you for having me here. God bless your union. I wish you all the best. Congratulations," she said to the couple, according to <a target="_blank" href="https://www.thenationalnews.com/arts-culture/music-stage/2024/03/02/rihanna-ambani-india-performance/">The National</a>.<h2>Rihanna received a payday somewhere between $5 and $9 million, according to estimates</h2>There's been rampant speculation on how much Rihanna was paid for her performance. According to anonymous sources cited by<a target="_blank" href="https://www.indiatoday.in/music/story/heres-how-much-rihanna-is-getting-paid-for-the-ambani-wedding-exclusive-2508925-2024-03-01"> India Today</a>, her performance fee is somewhere between $8 and $9 million.<a target="_blank" href="https://www.dailymail.co.uk/femail/article-13140287/Anant-Ambani-Radhika-Merchant-kick-lavish-pre-wedding-party-feeding-50-000-villagers-Jamnagar.html">The Daily Mail</a> meanwhile estimated a starting price of $6 million for the gig.Both won't be entirely far-fetched guesses if you consider that the pre-wedding celebration budget maybe $120 million, the Daily Mail claimed, citing unnamed sources.<div type="image" title="Mukesh Ambani, the Chairman of Reliance Industries, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani and Radhika Merchant react on the stage during pre-wedding celebrations of Anant and Radhika." height="854" width="1280" msid="108168017" hostid="261" sizebytes="99148"></div>There's no question that the three-day bash — which is still ongoing until Monday — is wildly extravagant, even by the <a target="_blank" href="https://www.businessinsider.com/photos-indian-wedding-cost-bride-advice-florida-2023-9">standards of Indian weddings</a>.The elder Ambani, the chair of the Fortune 500 company Reliance Industries, has an <a target="_blank" href="https://www.bloomberg.com/billionaires/">estimated net worth of $113 billion</a>, and it's clear from the <a target="_blank" href="https://www.instagram.com/reel/C4AFi3JPE48/?igsh=MWp4NjEyY2dyZDk5Zw%3D%3D">drone show </a>to the decor and the flowers and <a target="_blank" href="https://www.businessinsider.com/ambani-wedding-guests-celebrities-performance-dress-code-party-billionaire-2024-3">festivities still to come</a> (including the wedding itself which is scheduled for July) that no expense has been spared.The Ambani family reportedly spent over $100 million on the pre-wedding ceremony of daughter Isha Ambani and her now-husband, Anand Piramal, according to <a target="_blank" href="https://www.theguardian.com/world/2024/feb/28/anant-ambani-wedding-son-indias-richest-person-mukesh-celebrity-guest-list">The Guardian</a>.Booking megastars is also something the family has done before. At Anant's sister's wedding in 2018, <a target="_blank" href="https://www.vogue.in/content/beyonce-performs-at-isha-ambani-and-anand-piramals-wedding">Beyoncé</a> performed.A year later, in 2019, Coldplay's front man, Chris Martin, and The Chainsmokers <a target="_blank" href="https://www.gqindia.com/content/akash-ambani-pre-wedding-party-chris-martin-coldplay-chainsmokers-performed-at-akash-ambani-pre-wedding-bash-in-switzerland">entertained guests</a> attending Akash Ambani — the soon-to-be-wed Ambani's older brother — and Shloka Mehta's pre-wedding bash in Switzerland. The couple also had Adam Levine <a target="_blank" href="https://www.vogue.in/content/akash-ambani-shloka-mehta-post-wedding-celebration-inside-pictures-maroon5-honey-singh-performance-video">serenade them</a> at their post-wedding bash.

Rihanna came out of retirement for the Ambani wedding concert and a hefty payday

<ul><li><keyword id="8372" type="General" weightage="100" keywordseo="akash" source="Orion">Akash</keyword> <keyword id="10924" type="General" weightage="80" keywordseo="ambani" source="Orion">Ambani</keyword> is the elder son of one of India’s richest businessmen Mukesh Ambani; and the only Indian to debut on Time Magazine’s Next 100 List. </li><li>During the 2022 Reliance Industries’ annual general meeting, he announced the launch of Jiofibre and virtual PCs. </li><li>Akash Ambani will head India’s largest telecom operator and is one of the heirs of <keyword id="3820" type="General" weightage="50" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword>’s<a href="https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/"> $80.5 billion empire</a>. </li></ul>He may have become the new boss of <keyword id="6354504" type="General" weightage="50" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> – India’s largest telecom operator – recently, but Akash Ambani has been prepping for the top job from birth. As the grandson of <keyword id="6418409" type="General" weightage="50" keywordseo="dhirubhai-ambani" source="Orion">Dhirubhai Ambani</keyword> and son of Mukesh Ambani, the Junior Ambani has always had big shoes to fill, but he seems to be stepping into them quite effortlessly. He is also keeping the family tradition of breaking into lists by becoming the only Indian to enter the Time Magazine’s Next 100 list. Time’s Next 100 list essentially puts the spotlight on emerging leaders who are shaping the world of business, sports, finance, entertainment, politics, science, health, and activism. The list also features the likes of American singer SZA, actress Sydney Sweeney, basketball player Ja Morant, Spanish tennis player Carlos Alcaraz, actor and television personality <keyword id="945810" type="General" weightage="50" keywordseo="keke-palmer" source="Orion">Keke Palmer</keyword>, and environment activist Farwiza Farhan. Not surprisingly, the scion of the Ambani family has made it as an A-lister, given the mantle he holds as the Chairman of Reliance <keyword id="2003276" type="General" weightage="50" keywordseo="jio" source="Orion">Jio</keyword> with 426 million users. One of the heirs of <a href="https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/">Mukesh Ambani’s $80.5 billion empire</a>, the 30-year-old has his work cut out, as the company looks to launch 5G services later this year. Akash is married to <keyword id="6296629" type="General" weightage="50" keywordseo="shloka-mehta" source="Orion">Shloka Mehta</keyword>, who hails from one of the richest diamond families of India. The Ambani family welcomed their first grandchild, <keyword id="10488859" type="General" weightage="50" keywordseo="prithvi-ambani" source="Orion">Prithvi Ambani</keyword>, in 2020. Reliance Jio has been touted as one of the fastest growing companies in the world and Akash has reportedly played a key role in bringing marquee investors and global giants like Facebook, Catterton, Silver Lake and General Atlantic to the company. Akash Ambani’s journey of becoming one of the most influential next-gen leaders began only four years ago, when he gave his first public address at the India Digital Open Summit. “Our chairman believes India is on a path to be a technology innovation leader and technology superpower. We are fortunate to be living in India, where we have a vision for Digital India. At Jio we believe AR/VR will grow at 50% CAGR for next 5 years,” said Akash Ambani, who was 26 years old at the time. On June 27 2022, Reliance Chairman Mukesh Ambani handed over the reins of the empire to his eldest son <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-steps-down-as-director-of-reliance-jio-akash-ambani-appointed-chairman/articleshow/92521472.cms">Akash Ambani</a>. Referring to the next generation Ambanis — Isha, Akash and Anant — Mukesh Ambani said at the company’s 45th annual general meeting, “All three have fully inherited our founder's mindset. They are first among equals in a young team of leaders and professionals who are already doing amazing things at Reliance.” Akash Ambani’s ambitious plan to launch virtual PCs in India Reliance Jio Infocomm (RJIL), a subsidiary of RIL, is the largest telecom operator in India. From less than 700 professionals a few years ago, the RJIL team has grown rapidly to over 10,000 professionals today. “With 5G being rolled out in India, the current 800 million connected internet devices will double to 1.5 billion connected internet devices in just a year,” said Akash Ambani at the latest annual general meeting. The 30-year-old also announced the launch of ‘<a href="https://www.businessinsider.in/tech/enterprise/news/jio-airfiber-to-offer-cloud-pc-services-soon/articleshow/93857295.cms">virtual PC</a>’ through the launch of Jio AirFiber giving a boost to AI-enabled services in India. “5G gives ultra-high fibre-like speed over the air without any wires. We are calling it JioAirFiber. With JioAirFiber, it will be really easy to quickly connect your home or office to Gigabit-speed Internet,” he said. Investing ₹2 lakh crore, the next-generation Ambani will also head the implementation of 5G services in India – the latest version called standalone 5G sans dependence on 4G network. Challenges for Ambani junior while heading Reliance Reliance Jio offers its services at affordable tariffs, a dream that the founder of Reliance Industries had of offering telecom services at the rate of a postcard. While Akash Ambani’s father delivered on that promise, the 30-year old scion will have his job cut out as the company looks to launch its ambitious 5G services this Diwali. The company faces competition from the Sunil Mittal-helmed Airtel. Interestingly, Airtel is a professionally run company and both of Mittal’s sons pursue their own business interests. An avid sports nut Apart from heading the most ambitious projects in the world, Akash is known to have a keen interest in sports and premium cars. Akash’s first public appearance was at a Mumbai Indians cricket match as the company bought the team <a href="https://www.republicworld.com/sports-news/cricket-news/ipl-mega-auction-which-teams-were-sold-in-the-2008-inaugural-edition-and-at-what-prices.html">for $111.9 million back in 2008</a>. He is an avid cricket fan and can be seen regularly leading auctions to filter through the players for the Mumbai Indians IPL league. Ambani Junior is also a fan of the Arsenal football club. In 2016, he got to play in his private football area with Arsenal’s former forward Thierry Henry. Alongside sports, Akash has a legion of premium cars like Bentley Bentayga, Range <keyword id="5160615" type="General" weightage="50" keywordseo="rover-vogue" source="Orion">Rover Vogue</keyword>, BMW 5-Series, Lamborghini Urus, Rolls Royce Phantom Drophead Coupe and Maybach 62 to list a few. The passion for fancy wheels comes from both his parents. The road to living up to the name of “industry royalist” is long but Akash Ambani’s blueprint for Reliance is being closely watched by the world. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/9-in-10-indian-leaders-question-employees-productivity-in-hybrid-work/articleshow/94529650.cms">9 in 10 Indian leaders question employees' productivity in hybrid work</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/adani-greens-54-rally-tempts-totalenergies-to-book-profits/articleshow/94529227.cms">Adani Green’s 54% rally this year tempts TotalEnergies to book profits</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/people-want-bigger-homes-and-reopening-offices-schools-hasnt-altered-this-trend/articleshow/94512938.cms">People want bigger homes and reopening offices, schools hasn’t altered this trend</a>

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Asia's richest man now has a grandson

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6 things to know about Akash Ambani, son of Asia’s richest man, Mukesh Ambani

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Anant Ambani gets engaged to Radhika Merchant amidst traditional Gujarati ceremonies

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Rihanna came out of retirement for the Ambani wedding concert and a hefty payday

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Akash Ambani’s keeping up the family tradition of breaking into global lists

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