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Monday, October 29, 2007

Richest personality in the World



Don’t be surprised he is not American, Mexican or British, he is Indian dear. Mukesh ambani , Yes he elder son of great Indian legendary and business tycoon Dhiru Bhai Ambani.
Now he achieved this last day 29th oct.
As a result of a strong share price rally in his three group companies - Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd., Mukesh Ambani has been thought to have become the richest man in the world with a net worth of $63.2 billion, as reported by news agencies in India
Mukesh holds a Bachelor of Chemical Engineering from the University Department of Chemical Technology, which is now known as University of Mumbai, Institute of Chemical Technology. He began the MBA program at Stanford Business School, but dropped out after his first year in order assist in father's ongoing efforts to build the Patalganga petrochemical Plant.

Mukesh Ambani joined Reliance in 1981 and initiated Reliance's backward integration from textiles into polyester fibres and further into petrochemicals. and he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance's manufacturing capacities from less than a million tonnes to twelve million tonnes per year.

He directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, with a present capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $26 billion USD).

Mukesh Ambani has set up the largest and most complex information and communications technology initiative in the world in the form of Reliance Infocomm Limited. Covering more than 1,100 towns and cities across India, Reliance Infocomm offers the full range of voice, data, video and value added services, on the strength of 80,000 kilometers of optic fibre-based terabit infrastructure, at the lowest entry cost and services cost anywhere in the world. However, Reliance Infocom now is under ADAG (Anil Dhirubhai Ambani Group) post the brothers' split.

Mukesh Ambani is also steering Reliance's initiatives in a world scale, offshore, deep water oil and gas exploration and production program, a pan-India petroleum retail network involving 5,800 outlets and a research-led life sciences initiative covering medical, plant and industrial biotechnology.

Wealth

The combined market capitalization of the four Mukesh Ambani Group companies -- RIL, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd (RIIL) has crossed the Rs 500,000 crore mark. The total promoter holding in these companies is worth over Rs 200,000 crore (US$ 50 billion). On 26th Sept 2007, Ambani was declared 4th richest person in the world, next to Carlos Slim Helú, Bill Gates and Warren Buffet[6].

As of 5th October 2007, his net worth was calculated at $55.8 billion, making him world's 3rd wealthiest person after Carlos Slim Helú ($68b) and Bill Gates ($59b). [7]

On 29th October 2007, Ambani's net worth totaled US$63.2 billion due to a rally in the share prices of his companies. With this, he has been thought to have nudge behind Helú and Gates to become the richest man in the world, as reported by Indian news agencies.

Family Background

Ambani is the son of one of the most prominent industrialists in India, the late Dhirubhai Ambani. His brother Anil Ambani heads other companies in the Reliance Group. The Ambani brothers had a well-publicized spat after their father's death, which led to the Reliance Group being split between the two.

Mukesh Ambani is married to Nita Ambani, who looks after the social and charitable arm of Reliance Industries. They have 3 children: Akash, Isha and Anant.

Ambani is currently building a US$1 billion residential building, Antilia in Mumbai for his family. It is expected to be ready in September 2008.


Achievements

Conferred the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington.
Ranked 42nd among the World's Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in [Financial Times]
Conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004.
Chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.
Ranked 13th in Asia's Power 25 list of The Most Powerful People in Business published by Fortune magazine, August 2004.
Conferred the Asia Society Leadership Award by the Asia Society, Washington D.C., USA, May 2004.
Ranked No.1 for the second consecutive year, in The Power List 2004 published by India Today, March 2004.
Recorded as the first Trillion ire in India, June 2007.
Source from --Wikipedia.

3 comments:

  1. Hi,

    He is great personality and really we are proud that we are indian and we are pray for his long life and his growing business.

    JAI HIND.

    ReplyDelete
  2. This comment has been removed by the author.

    ReplyDelete
  3. Hi,


    he is a great personality not in india but in world also we should have proud on it.

    ReplyDelete