Twins Isha and Akash Ambani have made their debut on Fortune’s “40 Under 40” list of influential people around the globe. The Ambani twins have been named on the list for their contribution towards turning the face of Reliance Industries.
“They say data is the new oil — and when it comes to Reliance Industries, India’s largest company, that’s the case,” Fortune said.
Reliance Industries head Mukesh Ambani is the most successful businessman in the country, with a worth of $80.5 billion. Ambani is currently the 8th richest person in the world and the only Indian in the top 10.
Akash Ambani joined the company in 2014 after attaining an Economics degree from Brown University. A year after, Isha joined following stints at Yale, Stanford and McKinsey.
Fortune, in their note about the Ambani twins, said, “As Jio board members, they helped seal the company’s recent megadeal with Facebook — USD 5.7 billion for a 9.99% stake — plus major follow-on investments from marquee tech titans like Google, Qualcomm, and Intel. The flurry of investments lent the business an eye-popping USD 65 billion private valuation.”
Recently, Akash and Isha launched JioMart, an enterprise that aims to challenge Amazon and Walmart”s Flipkart for command of India’s vast and fast-growing online shopping market.
Along with the Ambani twins, ed-tech startup Byju’s founder Byju Raveendran has also featured on the list. Regarding Raveendran, Fortune said he had revealed the world that it is possible to build a successful online education company.
Since its start in 2011, the startup has made over USD 1 billion and is now worth more than USD 10 billion. In August, Byju’s overtook the education technology startup WhiteHat Jr for USD 300 million.
Manu Kumar Jain, MD of Xiaomi India, also features on the list. “Jain knew nothing about smartphones when Chinese giant Xiaomi tapped him in 2014 to build its India operations from the ground up. But he did know a thing or two about startups,” Fortune said.