Indian business magnate Mukesh Ambani’s eldest son Akash Ambani was named the chairman of Jio Infocomm’s board on Tuesday. The 65-year-old billionaire has stepped down as the director of Jio, effective from June 27. 

The company’s board at a meeting, “approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company,” Reliance Jio Infocomm said.

Pankaj Mohan Pawar was made the managing director while KV Chowdary and Raminder Singh Gujral were named independent directors.

Also Read: India likely to become the 3rd largest economy by 2030, says Mukesh Ambani

Who is Akash Ambani? 

Born on October 23, 1991, Akash Ambani is the eldest son of Mukesh Ambani and Nita Ambani. After completing his graduation, he came back and joined his father’s business as Chief Strategy, Reliance Jio Infocomm.

He significantly contributed to the creation of the network architecture and the creation of numerous software programmes and services, including JioTV, JioCinema, and JioChat. 

Also Read: Mukesh Ambani back on top, overtakes Gautam Adani to become richest Indian

In March 2018, Akash got engaged to  Shloka Mehta, the daughter of India’s richest diamantaire – Russel Mehta. The following year, the two tied the knot at the Jio World Centre (JWC), Bandra Kurla Complex in Mumbai.

Their wedding was an extravagant affair and was attended by several celebrities including Shah Rukh Khan, Salman Khan, and Amitabh Bachchan. 

Also Read: Mukesh Ambani’s latest buy: A Rolls Royce costing Rs 13.14 crore

Akash Ambani education qualification – 

The 30-year-old complete his schooling from Mumbai’s Dhirubhai Ambani International School. He then graduated in Economics from Brown University, Rhode Island, United States, in 2014. 

Also Read: Reliance Ltd – Mandarin Oriental: All about the new Manhattan hotel deal

Akash Ambani net worth – 

As of November 2020, Akash Ambani’s net worth was estimated to be a whopping $40.1 billion.