Mukesh Ambani Salary

Mukesh Ambani Salary

Mukesh Ambani, chairman and managing director of Reliance Industries, got a total salary of Rs 44.02 crore (Rs 440 million) in financial year 2007-08, marking an increase in salary of about Rs 13.5 crore (Rs 135 million) from the previous fiscal.

In fiscal 2006-07, Mukesh Ambani's annual salary (remuneration) had increased to Rs 30.46 crore (Rs 304.6 million), from Rs 24.77 crore (Rs 247.7 million) previously.

Mukesh Ambani is the Chairman & Managing Director of Reliance Industries (RIL), The largest company in Asia-Pacific according to the market capitalization. Mukesh Ambani is India’s richest person and Forbes Top 10 Richest person in the world.

Now, this much of salary is not even 1% of his Total Wealth. Yes, This is true. Rs.44 crore of salary is less than half percent of his total net worth.

According to the company's annual report being sent to shareholders, Ambani got a salary of Rs 60 lakh (Rs 500,000 per month) and another Rs 48 lakh (Rs 400,000 per month) in the name of "perquisites and allowances".

In addition, he got Rs 18.75 lakh (Rs 1.9 million) under the head of "retiral benfits" and Rs 4,275.44 lakh toward commission on net profit, taking his total to Rs 4,402.19 lakh for 2007-08.

RIL chief was the top-paid executive in fiscal 2006-07, followed by Madras Cement's chairman and MD P R R Rajha, who had an annual payout of about Rs 24.8 crore (Rs 248 million).

Billionaires receive less than 1% of their total wealth as a salary every year. Steve Jobs, CEO of Apple Corporation receives only US $ 1 every year as a salary which is world’s lowest salary. Steve receives everything via bonuses to save taxes.

Warren Buffet, The Legendary Investor and world’s second richest person receives just $ 1,00,000 as an annual salary since last 10 years.