How India's Richest Man Mukesh Ambani Earns Money Despite Zero Salary At Reliance?

With a net worth of $112 billion, Mukesh Ambani is currently the world¡¯s 11th richest person (as per Forbes list). With the 66-year-old chairman of Reliance Industries also being India and Asia¡¯s richest person, can you guess his salary? It is not in millions or billions, but in fact Zero!

Yes you read that right. Mukesh Ambani does not earn any salary at Reliance Industries. So how does the billionaire earn money? How does he keep getting richer? Read on as we unfold the same.

Mukesh Ambani Earns Zero Salary At Reliance Industries

mukesh ambani zero salary reliance/getty

Since 2020, Reliance Industries chairman Mukesh Ambani has been earning a ¡®nil¡¯ salary from his business empire.

Ambani has neither drawn any salary nor profit-based commission since three years, i.e from 2021. Before that, he had capped his annual remuneration at Rs 15 crore from 2008 to 2020. And since 2021, he opted to forego his salary due to COVID-19 pandemic. He has continued that zero salary decision even post the pandemic.

Moreover, he will continue to earn nil salary till 2029, the year till which has got an extension for the role of Reliance Industries¡¯ Chairman and MD.

So How Does Mukesh Ambani Keep Getting Richer?

how mukesh ambani earn money /getty

While he does earn zero salary at Reliance Industries despite heading the conglomerate as its Chairman, Mukesh Ambani¡¯s net worth keeps increasing. But how? It is because he is still earning handsome money through dividends that Reliance declares from time to time.

Mukesh Ambani and his private firms hold 47.29% stake in Reliance Industries. He personally owns 75 lakh or 0.12% of Reliance Industries¡¯ shares. Reliance Industries¡¯ shares have surged nearly 10% this year till date, more than 25% in last one year, and 115% in last five years.

Also Read; From Ambanis To Singhanias: 7 Family Feuds That Once Shocked The Business World

Ambani's Expenses Which Reliance Takes Care Of

reliance mukesh ambani salary/bloomberg

Besides that, Mukesh Ambani is also reportedly entitled to reimbursement of expenses incurred for traveling, boarding and lodging including for spouse and attendants during business trips and provision of cars for use on company's business. The company also pays for security to Ambani and his family members.

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