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.