Current:Home > StocksAsia’s richest man Mukesh Ambani is set to throw a grand wedding for his son. Here’s what to know -Secure Horizon Growth
Asia’s richest man Mukesh Ambani is set to throw a grand wedding for his son. Here’s what to know
NovaQuant Quantitative Think Tank Center View
Date:2025-04-11 08:13:01
NEW DELHI (AP) — In March, Asia’s richest man Mukesh Ambani threw a three-day prenuptial bash for his son that included a 1,200-person guest list, including former world leaders, tech tycoons and Bollywood’s megastars, and a performance by renowned singer Rihanna.
It was only the start of their months-long lavish pre-wedding celebrations which have grabbed headlines and set off a social media frenzy.
Billionaire industrialist Mukesh Ambani and his wife Nita Ambani organised a mass wedding for over 50 underprivileged couples in Navi Mumbai on Tuesday as part of pre-wedding celebrations of their youngest son, Anant Ambani.
In May, the family took guests on a 3-day pre-wedding cruise from Italy to France, which included a DJ set from David Guetta, Katy Perry belting out her hit song “Firework” and a performance by Pitbull to cap it off, according to media reports.
Finally, the wedding is set for next week, with Anant Ambani, 29, marrying his longtime girlfriend, Radhika Merchant, in what many have dubbed the wedding of the year.
Here’s what we know:
Who are the Ambanis?
Chairman of Reliance Industries Limited Mukesh Ambani, right, along with his wife Nita Ambani, greets underprivileged couples during a mass wedding organized by them as the part of pre-wedding celebrations of their youngest son, Anant Ambani in Navi Mumbai, India. (AP Photo/Rafiq Maqbool)
The father of the groom is Mukesh Ambani, 66, currently the world’s 9th richest man with a net worth of $116 billion, according to Forbes. He is also the richest person in Asia.
His Reliance Industries is a massive conglomerate, reporting over $100 billion in annual revenue, with interests ranging from petrochemicals, and oil and gas to telecoms and retail.
The Ambani family owns, among other assets, a 27-story private apartment building, named Antila, worth $1 billion in Mumbai. It has three helipads, a 160-car garage, a private movie theater, a swimming pool, and a fitness center.
Ambani’s critics say his company has flourished mainly because of political connections during the Congress governments in the 1970s and 80s and subsequently under Prime Minister Narendra Modi’s rule after 2014. They say “crony capitalism” in India has helped certain corporations, such as Ambani’s, thrive.
The family patriarch has started passing the torch to his two sons and daughter. The oldest son, Akash Ambani, is now chairperson of Reliance Jio, their telecoms business; his daughter, Isha, oversees retail, while the groom Anant, the youngest, has been inducted into the new energy business.
Who are the bride and groom?
Anant Ambani, left, and Radhika Merchant pose for photographers during their pre-wedding ceremony in Mumbai, India, Friday, July 5, 2024. (AP Photo/Rajanish Kakade)
Anant has a bachelor’s degree from Brown University, according to Reliance Industries’ website, and oversees the conglomerate’s renewable and green energy expansion.
He also runs a 3,000-acre (nearly 1,200-hectare) animal rescue center called Vantara in Gujarat state’s Jamnagar, the family’s hometown where guests in March spent days celebrating in the extravagant pre-wedding party.
The bride, Radhika Merchant, 29, is the daughter of pharmaceutical tycoon Viren Merchant and is the marketing director for his company, Encore Healthcare, according to Vogue.
She told the magazine that the two were introduced through mutual friends in 2017. “That first meeting just sparked something special between us, and it wasn’t long before we started dating,” she said.
When’s the wedding and what’s expected?
Chairman of Reliance Industries Limited Mukesh Ambani, third left, poses with his family members and underprivileged couples during a mass wedding organized by him as the part of pre-wedding celebrations of his youngest son, Anant Ambani, in Mumbai, India, Tuesday, July 2, 2024. (AP Photo/Rafiq Maqbool)
The main wedding ceremony is set for July 12, followed by a grand reception on July 14, according to local media. Celebrations are expected to be split between the Ambani’s Jio World Convention Center in Mumbai city and their family home.
The dates were reportedly chosen based on the couple’s birth charts, as is typical in Hindu custom, and deemed auspicious. Also keeping with tradition, the wedding will be preceded by days of traditional wedding events and rituals.
On Friday, Indian social media was abuzz with videos from the couple’s sangeet, a ceremony where the bride and groom’s families perform dances for the guests. It also included performances by Bollywood stars like Alia Bhatt, Ranveer Singh and Salman Khan as well as Justin Bieber, who flew to Mumbai for the event, according to local media.
The family also organized a mass wedding for more than 50 underprivileged couples last week, as part of the pre-wedding celebrations.
Extravagant parties are the Ambanis’ specialty and next week’s events are expected to draw more celebrities, billionaires and world leaders.
In March for the pre-wedding bash, the guest list included Bill Gates, Mark Zuckerberg, former leaders of Canada and Qatar as well as Bollywood’s A-list stars like Shah Rukh Khan and Deepika Padukone. In addition to Rihanna, Akon and Diljit Dosanjh, a Punjabi singer who shot to international fame when he performed at Coachella, also took the stage.
In 2018, when his daughter married, Ambani made the headlines because of the grand celebrations, with pop sensation Beyoncé performing at the pre-wedding festivities. At the time, former U.S. Secretaries of State Hillary Clinton and John Kerry were among those who rubbed shoulders with Indian celebrities and Bollywood stars in the western Indian city of Udaipur.
veryGood! (564)
Related
- The Super Bowl could end in a 'three
- Ohtani to keep playing, his future and impending free agency murky after elbow ligament injury
- India and Russia: A tale of two lunar landing attempts
- Former residents of a New Hampshire youth center demand federal investigation into abuse claims
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Maui County sues utility, alleging negligence over fires that ravaged Lahaina
- 29 Cheap Things to Make You Look and Feel More Put Together
- Nvidia riding high on explosive growth in AI
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- NFL preseason games Thursday: Matchups, times, how to watch and what to know
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- MLB's toughest division has undergone radical makeover with Yankees, Red Sox out of power
- Gov. Ron DeSantis' education overhaul continues with bathroom rule at Florida state colleges
- Bachelor Nation's Hannah Godwin Details Marrying Best Friend Dylan Barbour
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Aaron Judge's first 3-homer game helps Yankees snap 9-game losing streak
- A retired Wyoming bishop cleared by Vatican of sexual abuse despite local findings has died at 91
- FIFA opens case against Spanish soccer official who kissed a player on the lips at Women’s World Cup
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Gov. Ron DeSantis' education overhaul continues with bathroom rule at Florida state colleges
At least 3 killed in shooting at historic Southern California biker bar
Starbucks’ Pumpkin Spice Latte turns 20, whether you like it or not
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Chase Chrisley Shares Update on His Love Life After Emmy Medders Breakup
WWE Champion Bray Wyatt Dead at 36
USA Gymnastics doesn't know who called Simone Biles a 'gold-medal token.' That's unacceptable.