Mon, Jan 21 12:20 AM With his wealth estimated at more than $57 billion, Anil Dhirubhai Ambani has emerged as India's wealthiest citizen after the blockbuster IPO of his Reliance Power, and all indications are that he may jump to the top of the global rich list as well. The value of Anil's holdings in seven listed entities will be around Rs 229,363 crore or $57. 3 billion at last Friday's closing price, taking into account the price of a Reliance Power share at Rs 450 per share, the cut-off price of the public issue which closed on Friday. Market experts expect Reliance Power to list at a much higher value. If the stock lists at Rs 900, Ambani will jump over Carlos Slim Helu, the Mexican telecom tycoon who topped last year's rich list with an estimated $67.8 billion to his account according to Forbes magazine. At Rs 900 per share, Anil Ambani's personal wealth would be estimated at Rs 2,75,000 crore or $68.7 billion. Microsoft chairman Bill Gates followed Carlos Slim last year with an estimated wealth of $59.2 billion. Anil's elder brother Mukesh Ambani, who runs the largest corporation in the country, Reliance Industries Ltd, which has a market cap of Rs 434,170 crore, will now slip to number two in the rich list. The value of his personal wealth is estimated at Rs 218,860 crore or $54. 7 billion as per the last closing price. Although much depends upon the market dynamics, experts feel that at least three Indians - the Ambani Brothers and steel baron Lakshmi Mittal - are expected to make in the top 10 richest.
The amount of money you have has got nothing to do with what you earn.. people earning a million dollars a year can have no money and.. People earning $35,000 a year can be quite well off. It's not what you earn, it's what you spend. There are plenty of ways to get ahead. The first is so basic I'm almost embarrassed to say it: spend less than you earn. Paul Clitheroe The man who has won millions at the cost of his conscience is a failure. BC Forbes The real source of wealth and capital in this new era is not material things.. it is the human mind, the human spirit, the human imagination, and our faith in the future. Steve Forbes
Where is the outrage about this rich guy not giving away his money to the poor people like there is for "greedy Americans"?Please Register or Log in to view the hidden image! Please Register or Log in to view the hidden image!
I think the Indians have a better grasp of the principles of economics. They know it's not a zero-sum game. People who boost the Indian economy create jobs.
They do? Huh? It took them till Singh started spitting out economic advice that the Indian economy wouldn't "take off" like China's until the government stopped propping up pet companies, open its doors more to international competition and protect foreign investments with the same vigor as it did domestic ones. Good for them now, though, the message seems to have sunk in! ~String
There are 3 kinds of treasures!!! 1-Treasures of Wealth Money, houses, boats, stocks, things you can touch or convert into cold cash. They are the least valueable of the 3 treasures. 2-Treasures of Health Good health, having legs, for a man...having a penis, looking good, feeling good, etc. They are 1000 times more valueable then the treasures of wealth. I would never ever sell my penis!!! 3-Treasures of the Heart Qualities of human nature, caring, compassionate, thoughtful, considerate, passionate, loving, freindly, sincere, etc. They are infinitely more valueable then the other 2 treasures combined. So with this in mind, I would have to say these people with all their money are really quite poor if they lack a good character. I am rich with the knowledge I have acculumated from others and many wonderful experiences of life, I would never trade that for money. As to the 'richest', they are only the richest in terms of wealth...the least valuable and least important of the 3 treasures!!!
