“Mukesh Ambani” World’s richest man

October 29th, 2007

Few months back it was Mexican business magnate Carlos Slim Helu, who was richer then American software czar Bill Gates and now it’s our Mukesh Ambani, Wow! He has surpassed everybody in the world to be on the top of Billionaires list.

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.

While most of Mittal’s wealth comes from his steel empire, though he has also spread his wings into businesses like oil and real estate, those of Ambani and Gates are mostly through petrochemicals and software respectively. However, Buffett and Slim are making money from investments across a host of sectors.

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)

According to information available with the US and Mexican stock exchanges where these companies are listed, Slim currently holds shares worth a total of $62.2993 billion, with more than half coming from Latin American mobile major America Movil. Slim is closely followed by Gates with a net worth of $62.29 billion currently.
Earlier last month, US business magazine Forbes had named Gates as the richest American with a net worth of $59 billion, calculated as on August 30. The magazine had said that a movement of $2 in the share price for Microsoft, the world’s biggest software maker, could “add or subtract $1 billion” from his wealth.

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  1. Dear Sir
    First of all, lot of congratulation from my side for becoming the richest man of the world.It is the great pleasure for SAARC too.Sir I am Durga Prasad Joshi from Nepal.Sir I had posted an educational proposal in your Reliance Industry address nearly two months ago but the reply has not come yet. Sir ,Please did you get or not that one?Finally, blessing the god for your more progress in future.Thanks.

  2. Dear sir, you are the modern day king solomon, after reading about you i was overjoyed that somebody in a country like india which is termed as a developing country will attain such height . i pray also that somebody like me in Nigeria which is termed as an umderdeveloped country will be like you. i use this oppurtunity to invite YOU to come and invest in Nigeria . there are alot of untapped opportunities in Nigeria . Nigeria is a virgin economy waiting for a wise investor like you to deflower. somebody like richard brandson the famous virgin group is reaping in billions of dollars in nigeria.the famous mittal group of your country India are also there. thanks for accepting my advice. more power to your elbow.

  3. mr.ambani
    congrats on becoming the richest
    with sucess comes intreague and scheaming usually by trusted leutenents
    i am made to believe that some high official in your petro industry is suppresing seismic data about the oil bearing propety of a paticular block from you and thus allowing his own co to bid for it and later sell it to your competitor for avery high price beware


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