I just read this from many other news source which mentioned that our indian business magnet has become the worlds richest man today ie October 29th 2007. Here are some source for the news -
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).
In comparison, the net worth of both Gates and Slim is estimated to be slightly lower at around $62.29 billion each, with Slim leading among the two by a narrow margin.
The five richest people in the world with their net worth
1. Mukesh Ambani ($63.2 billion)
2. Carlos Slim Helu ($62.2993 billion)
3. William (Bill) Gates ($62.29 billion)
4. Warren Buffett ($55.9 billion)
5. Lakshmi Mittal ($50.9 billion)
Warren Buffett, earlier the third richest in the world, also dropped one position with a net worth of about $56 billion.
Ambani’s wealth of about Rs 2,49,000 crore includes about Rs 2,10,000 crore from RIL (50.98% stake), Rs 37,500 crore from RPL (37.5%) and Rs 2,100 crore from RIIL (46.23%).
Source : Business Standard
Reliance Industries chairman Mukesh Ambani has overtaken NRI steel tycoon Lakshmi Mittal to become the richest Indian in the world, thanks to the unprecedented boom in the domestic stock market.
Ambani’s net worth has soared past 50 billion dollars, making him the first Indian and only the fourth person in the world to have a wealth higher than this amount. The RIL chief is now believed to be next only to software czar Bill Gates of the US, Mexican business baron Carlos Slim Helu and Warren Buffett, regarded as the world’s greatest investor.
Based on the closing share prices of various group companies such as RIL, Reliance Petroleum, IPCL and Reliance Industrial Infrastructure, Mukesh Ambani is estimated to hold shares worth 50.1 billion dollars (about Rs 2,00,000 crore) through promoter holdings in these companies.
The four companies together have a market value of Rs 4,09,325 crore (103 billion dollars).
Source : India Times
He has already beaten all the top richies including lakshmi mittal and bill gates and at the same time his new house antilia’s construction has already started now. Lets see if anyone can beat him in this year since i personally feel this #1 position wont be for long as the reliance stocks went high for today and iam in a feeling that they would again come down for a week’s time , due to which Carlos Slim Helu can come to the #1 position.
Anyway the news for today is finalised that Mukesh Ambani takes the #1 Richest Position.
October 29th, 2007 at 2:47 pm
I WANNA BEAT BILL GATES Mukesh Ambani :$
October 29th, 2007 at 2:49 pm
Thats awesome news for Indian woopie finally we have the Worlds Richest Man!!
October 29th, 2007 at 2:56 pm
I was expecting this from long time…
atlast this happened 
I am overwhelmed with this hope this stays for long time till i come to rule 
October 29th, 2007 at 3:02 pm
Dont come on quick decisions since iam very much sure this will last for a week maximum since sensex reached 20k almost and this will come back again.
October 29th, 2007 at 3:28 pm
Good to hear the news. Happy that an Indian has reached
the Top spot. Thanks to the rocking share market.
October 29th, 2007 at 3:28 pm
Well soon my name will be there… I hope this will come true soon
October 29th, 2007 at 3:33 pm
For getting your name near his name you need a minimum of 4,00,000 crore rupees
October 29th, 2007 at 3:40 pm
I am glad too see god is helping india ,in every which way . And the biggest help of all is getting Indian man (Mukesh Ambani) on top . Stay on top !!!! God bless us all….I did B.B.A but nothing worked since a year for me . But i trust on shiva !
October 29th, 2007 at 3:55 pm
Well this is great that an Indian reach this position…
Im Very happy and like to congrats all our country people…
Dilpreet
October 29th, 2007 at 4:08 pm
Yeah!! Mr.Amit Patel you are absolutely right….its all because the sensex is makin records…not just the “reaching new highs” records..also hitting new lows even before you get the time to say, “Oh Crap!”
I believe it wont last more then three or four days…unless Mr.Ambani comes up with something to get his name engraved.
October 29th, 2007 at 4:54 pm
Well, the last list i posted on my blog (source being Forbes.com), Mukhesh Ambani was at number 5 in world’s richest billionaires.
Sensex and recent hikes must have played a big part on his accent to number 1.
We hope he stays there. If he does stay there till next year, then he would be the first person to break William III (Bill) Gates record of being world’s richest for 13 consecutive years. That will be another achievement for him.
Good post Amit!
October 29th, 2007 at 5:22 pm
Thx to BSE & NSE
October 29th, 2007 at 5:30 pm
i hope that this guy will do some charity in india, he could feed the whole nation for 100 years with his fortune.
October 29th, 2007 at 6:39 pm
this represents the sign of the emergence of the indian economy.But do not forget india is still a third world developing country. And on 29th October even we can’t predict how many indians how many indians went to sleep with their empty stomach.
However The Time is still the most powerfull and The india has its own way and velocity to go.
Hare Krishna Hare Ram
October 30th, 2007 at 1:25 am
CNBC TV18 guys were shouting this whole evening.:D
October 30th, 2007 at 2:22 am
Mukesh Ambani rocks he finally won over his brother anil
October 30th, 2007 at 11:38 am
I think he can buy a whole state of india now
October 30th, 2007 at 2:16 pm
i am younger from both brothers but still god bless of them my WISHES are with them whole life you rule all over the world. BEST OF LUCK
October 30th, 2007 at 2:18 pm
Don’t forget that the Ambani family (Mukesh + Anil) recently became the richest family in the world beating the Wallmart family.
October 30th, 2007 at 5:15 pm
Felu any source for that news, since thats something i just came to know from yourside.
October 30th, 2007 at 5:28 pm
congrats …..proud to be an indian
keep it up
dont forget u r father DHEERUBHAI
BEST WISHES
BABU
October 31st, 2007 at 3:52 am
Amit, I remember reading it in the newspaper.
Here is a link
http://timesofindia.indiatimes.com/articleshow/2443417.cms
Although India now has the Richest Man and the Richest Family but the no. of poor people in India is rising. (Want a source too? Check out today’s TOI)
October 31st, 2007 at 11:10 pm
Is this final or are these just rumors?
November 2nd, 2007 at 12:36 am
There is nothing as final always since the ratings change every single minute the assets valuation is done.
November 4th, 2007 at 3:35 pm
that’s great…………. we have proved that what indians are capable of we have announced our arrival with a blitz start in the world forum…….
November 5th, 2007 at 2:12 pm
You are very great.I want you and your brother live together again.Then you go higher and higer than today. Then nobody in front of you.
November 5th, 2007 at 10:00 pm
I feel very proud to be indian.Becaz ,one of my indian become a richest man even poor country………….
November 6th, 2007 at 7:24 pm
Hello,
Well here I would like to enlighten u guys a littler bit.
Mukesh Ambaini is not the world’s richest.
It would take some time…
Actually the firgure of 63.2 billion was reached through wrong calculations termed as ‘double counting’.
While arriving at those figures the analysts took into account his share in Reliance Industries as well as Reliance Petro chemicals which is wrong as Reliance Petro Chem is an investment of Ril and it already is traken into account while taking Ril’s investment into consideration. So, the actual worth of Mukesh Ambani is somewhat about $50 billions …
Which means he is yet to reach the landmark but still is amongst world’s richest…
But the way stock prices of his company’s shares are soaring the day isnt far away…
November 13th, 2007 at 8:11 pm
chak they india
November 16th, 2007 at 6:42 am
he should stay on the Top … and maintain his position in the worlds richest man making India proud of it.
Yes “Amine” .. i too think he should do so to bring our country people ahead.
November 29th, 2007 at 10:06 am
Even though the Papers had in them thi news, RI’s are totally disagreeing!
December 13th, 2007 at 6:48 pm
dude he could own the u.s.of a!!!!!!!
December 22nd, 2007 at 9:19 am
Mukesh Amban is a bad man he is a foll man
March 12th, 2008 at 9:56 pm
Guys, wealth like this is just a BIG indication that the principal of “abundance” is being abused and needs to be brought back into balance. The balance between rich and poor - 2% have the same amount of money as the other 98%. Whats wrong with this picture? The entire money system is a base corruption of a value system! May the banks crash! Trade rules. Value for value rocks.
April 23rd, 2008 at 5:55 am
terrific……..