Monday, October 29, 2007

Mukesh Ambani is world's richest man

From the Business Standard (India):

Billionaire Mukesh Ambani today became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.

Following a strong share price rally on in his three group companies, India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure, the net worth of Mukesh Ambani rose to $63.2 billion (Rs 2,49,108 crore)....MORE

From The Hindu:
Ambanis 1st to hit $100-bn mark on wealth street, but together
The Ambanis on Monday became the world's first family to own a fortune of over 100 billion dollars in stock market wealth, based on the combined worth of two brothers Mukesh and Anil, separated for over two years now.

Mukesh Ambani's net worth on Monday surged to a staggering 63.2 billion dollars, while that of younger brother Anil rose to 38.5 billion dollars on the back of a sharp surge in the share prices of their group companies.

Their combined wealth of 101.7 billion dollars is well ahead of Waltons, considered to be the world's richest family. The Walton family is the promoter of US-based retailer Wal-Mart Stores and holds a net worth of about 71 billion dollars, based on its 39 per cent stake in the behemoth....

From Forbes:
Paulson Has Advice For India At Execs' Gathering