All about Shloka Ambani's father Russell Mehta's net worth

The word for the month or rather the year has been ‘Ambani’. Ambanis had taken over our media landscape like nothing we have seen before. The ‘Big Fat Indian Wedding’ of Anant Ambani and Radhika Merchant is finally over. With million pre wedding nuptials it was all we saw on our screens. From PM Narendra Modi to former UK PM Boris Johnson, from John Cena to King Khan, everyone was there to participate in the wedding ceremony. The Ambani family has managed to bring all these people under one roof- his roof. It has only been possible through his businessman mindset and the connections and relationships he made all through these years. Akash Ambani, the oldest son of the Ambani’s, married Shloka Mehta in 2019. Shloka Mehta is the daughter of Mona Mehta and Russell Mehta. While Mona Mehta is a jewelry designer by profession, not a lot is known about father Russell. Here is everything you need to know about the life and net worth of Mukesh Ambani’s ‘samdhi’- Russell Mehta.

Russell Mehta has a solid educational background. He completed his Bachelor of Commerce (B.Com) degree from the University of Mumbai. Following this, he pursued a Diploma in Diamonds from the Gemological Institute of America in Carlsbad, California. This combination of commerce and specialized gemological education has undoubtedly contributed to his success in the diamond industry.

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Russell Mehta is a formidable name in the business world, he heads a conglomerate worth more than multi-billion dollars. Russell Mehta is the Managing director of Rosy Blue. Rosy Blue has invested in different ventures- like retail, media, real estate, diamonds, and financial services. The company Rosy Blue was founded by Russell’s father, Arunkumar Ramniklal Mehta, in 1960. The company is one of the largest diamond and gemstone traders worldwide and has 12 offices in seven countries around the world: Belgium, Israel, Hong Kong, Japan, United States, China, UAE (Dubai). The company also trades in precious commodities, rough diamonds, manufactures and distributes polished diamonds, precious/semi-precious gems and jewellery.

Russell Mehta was born in 1965 in Mumbai. He began working with his father and brothers in 1985 and since has taken the company to new heights. Russell Mehta married his wife Mona Mehta and has three children- Viraj Mehta, Diya Mehta and Shloka Mehta. All his children are married in rich families.

Rosy Blue is one of the biggest diamond trading companies in India. Russell Mehta was made the co-founder of Rosy Blue in late 80’s and since has built a business of diamond trading which is worth rupees 70,000 crore. He is termed as one of the ‘Diamond Kings’ of India. In 2005 Rosy Blue became a founding and certified member of the Responsible Jewellery Council And later, in 2008 Rosy Blue became a signatory to the United Nations Global Compact.

As of April 2023, Russell Mehta’s net worth is estimated to be around rupees 1,844 crores. The empire he has built through his hard work has amassed him almost 2000 crores. He has made his youngest daughter Shloka, the ‘badi bahu’ of Ambani family, the director of his company. In 2022 the company Rosy Blue generated a revenue of rupees 5,599 crores.

Russell Mehta invests heavily in philanthropy projects. He has a foundation called Rosy Blue foundation, of which he is a board member. He is a trustee at Vidyamandir Trust as well as Banaskantha District Kelavani Mandal.

A lesser-known fact about Russell Mehta is that his family’s business, Rosy Blue, originally started as a cotton farming venture before transitioning into the diamond industry. This shift was pivotal in establishing Rosy Blue as one of the world’s largest diamond jewelry companies, with Russell Mehta now serving as its Managing Director.

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