Balle Balle: Bulls take Sensex to 20K, make Mukesh Ambani richest
Is Mukesh Ambani the richest man alive? Yes, according to a report by the Press Trust of India released on Monday, which pegged his wealth at $63.2 billion (almost Rs 2.49 lakh crore).
He has reportedly just overtaken Carlos Slim of Mexico and Microsoft's Bill Gates, whose personal assets are $62.299 billion and $62.290 billion respectively. The calculations take into account Ambani's holding in Reliance Industries and Reliance Petroleum through Reliance Industries, apart from stakes in Reliance Industrial Infrastructure Ltd.
Mukesh Ambani company.(April 19, 1957 Aden, Yemen) world's richest person as on 29 October 2007, is an Indian businessman. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune 500 His personal stake in Reliance Industries is 48%. His wealth was US$20.1 billion in March 2007 (as per Forbes), making him the world's 14th richest person and the second richest person in India. However, his wealth was valued at US$55.3 billion in October 2007 taking into account his holding in Reliance Industries and group companies.
This made Ambani the richest Indian, ahead of steel tycoon Lakshmi Mittal.On 29th October 2007, as a result of a strong share price rally in his three group companies - Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd., Mukesh Ambani has been thought to have become the richest man in the world with a net worth of $63.2 billion, as reported by news agencies in India.
Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani. Mukesh Ambani's Maybach worth 5.25 crores
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