Thursday, February 14, 2008

Mukesh Ambani is world's richest man


Mukesh Ambani is world's richest man

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

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

In comparison, the net worth of both Mr Gates and Mr Slim is estimated to be slightly lower at around $62.29 billion each, with Mr Slim leading among the two by a narrow margin.

Mr Warren Buffett, earlier the third richest in the world, also dropped one position with a net worth of about $56 billion.

Mr Ambani's wealth of about Rs 2,49,000 crore includes about Rs 2,10,000 crore from RIL (50.98 per cent stake), Rs 37,500 crore from RPL (37.5 per cent) and Rs 2,100 crore from RIIL (46.23 per cent).and also Ambani's family (mukhesh,anil) became most richest family in the world.

Mr Slim's wealth has been calculated on the basis of his stake in companies such as America Movil (30 per cent), Carso Global (82 per cent), Grupo Carso (75 per cent), Inbursa (67 per cent), IDEAL (30 per cent) and Saks Inc (10 per cent).

Top five world's richest people :

Mukesh Ambani - $63.2 billion
Carlos Slim Helu - $62.2993 billion
William (Bill) Gates - $62.29 billion
Warren Buffett - $55.9 billion
Lakshmi Mittal - $50.9 billion

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