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Wednesday, January 27, 2010

Mukesh Ambani - 7th Billionnaire in the World (03.11.09)

The Latest List of Top 20 Billionnaires of the world is as follows:
  1. William Gates III
  2. Warren Buffett
  3. Carlos Slim HelĂș
  4. Lawrence Ellison
  5. Ingvar Kamprad
  6. Karl Albrecht
  7. Mukesh Ambani
  8. Lakshmi Mittal
  9. Theo Albrecht
  10. Amancio Ortega
  11. Jim Walton
  12. Alice Walton
  13. Christy Walton
  14. S Robson Walton
  15. Bernard Arnault
  16. Li Ka-shing
  17. Michael Bloomberg
  18. Stefan Persson
  19. Charles Koch
  20. David Koch

Net Worth:$19.5 bil
Fortune: Inherited and growing
Source: Petrochemicals
Age:51
Country Of Citizenship: India
Residence: Mumbai
Industry: Manufacturing
Education: University of Bombay, Bachelor of Arts / Science, Stanford University, Drop Out
Marital Status: married, 3 children

 

Oversees Reliance Industries, India's most valuable company by market cap despite stock falling 40% in past year. Merging his Reliance Petroleum with flagship Reliance Industries. As part of deal, will exercise right to buy back Chevron's 5% stake in Reliance Petroleum at $1.20 per share—the same price at which he sold it 3 years ago. Today the stock trades for $1.80 a share. Increased stake in Reliance Industries in October; paid $3.4 billion to convert 120 million preferential warrants into shares. Reliance Petroleum refinery on India's western coast began operating in December despite falling global demand and declining margins. Late father Dhirubhai founded Reliance and built it into a massive conglomerate. After he died Mukesh and his brother, Anil, ran the family business together for a brief time. But siblings feuded over control; mother eventually brokered split of assets. Brothers may be looking to bury hatchet; played joint hosts at mother's recent 75th-birthday bash. Has yet to move into his 27-story home that he's building at a reported cost of $1 billion. Ardent fan of Bollywood films. Wife, Nita, oversees school named after his father.

Source:
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