From Isha Ambani To Anant Ambani: How Much Salary Do Mukesh Ambani's Children Earn?
Its a no-brainer that all three children of India¡¯s richest man Mukesh Ambani are the successors of the mighty Reliance empire, which in itself is a big responsibility. And quite naturally, many of us might be assuming that Anant, Akash and Isha Ambani must be getting heavy paychecks as salary, right? While it is true that all three of them already have mammoth net worth, but their salaries tell another story.?
How Much Salary Do Mukesh Ambani's Children Earn?
It might be surprising for you to know that billionaire Mukesh Ambani's three children-Anant Ambani, Akash Ambani and Isha Ambani are paid nil salaries. They are only paid a fee for attending board and committee meetings, in their role as directors of Reliance Industries. This is as per the company¡¯s resolution seeking shareholder nod for their appointment on its board last year.
While Mukesh Ambani is already drawing a nil salary from Reliance since the 2020-21 financial year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission.
But his three children will get only a sitting fee and a commission on the profit earned by the firm.
As per PTI report, the terms of the appointment of the three are the same as the ones on which?Mukesh Ambani's wife Nita Ambani?was appointed to the company board in 2014. She earned a sitting fee of ?6 lakh and a commission of ?2 crore in the 2022-23 fiscal year (April 2022 to March 2023), according to the company's latest annual report.
Also Read:?Radhika?Merchant's Billionaire Father Viren Merchant Has A Net Worth Of Rs 750 Crore
Mukesh Ambani¡¯s Success Plan For Reliance Empire
In August 2023, Mukesh Ambani took a big step towards?Reliance Industries' succession planning?as he appointed his three children as non-executive directors.?
During Reliance¡¯s annual general meeting, Mukesh Ambani told shareholders that he will spend the next five years of his chairmanship to?prepare his children to transform?Reliance Industries?into a digital and green energy behemoth.
¡°I shall especially mentor Akash, Isha and Anant?so that they can provide collective leadership and dependably take Reliance to greater heights of growth and value in the decades ahead,¡± Ambani had said amid the?succession?planning.
Reliance shareholders at the annual general meeting (AGM) last year gave a nod to Mukesh?Ambani getting another five-year term till 2029 as the head of India's most valuable company. And just like the past three-four years, Mukesh Ambani had already opted to draw nil salary during this period.
Net Worth Of Mukesh Ambani¡¯s Children
Isha Ambani
Mukesh Ambani's daughter Isha Ambani?leads Reliance Retail. She is also a non-executive director on the RIL board, and part of the executive leadership teams at Reliance Retail, Reliance Jio, Reliance Foundation and Dhirubhai Ambani International School.
Isha Ambani's net worth is estimated to be $100 million (Rs 831 crore).
Akash Ambani
Akash Ambani,?who is Mukesh Ambani's elder son, is the chairman of India's largest mobile firm, Reliance Jio Infocomm Ltd. He is also a director on the board of Reliance Retail Ventures Ltd. Akash Ambani¡¯s net worth is reportedly?$40.1 billion.
Anant Ambani
Mukesh Ambani's younger son?Anant Ambani?heads the energy businesses of Reliance Industries and its global operations in renewable and green energy. He also serves as a Director on the boards of Jio Platforms Limited and Reliance Retail Ventures Ltd.? Anant Ambani's estimated net worth is around?$40 billion (Rs?3,32,482 crore), and he is set to get married to Radhika Merchant in July this year.
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