Carlos Slim Dethroned as the World’s Richest Man

india_mukesh-ambani-11.jpg“Recently, there have been several reports in the media on my personal wealth. Frankly, I am amused by these reports. I measure my success by the value that I create for my shareholders and the assets that we, as a company, create for the nation as a whole. My wealth and your wealth are inevitably linked to our growth.”

Mukesh Ambani the Indian Billionaire today became the richest person in the world, surpassing Mexican business tycoon Carlos Slim Helu, American software king Bill Gates,and famous investment guru Warren Buffett, following the latest the Bull run in the stock market.

Following a strong share price rally on in his three group company, India’s most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd, the net worth of Mukesh Ambani rose to $63.2 billion. A historical landmark for the nation’s economy, thus pushing Ambani to the top of the list. Mukesh Ambani owns Reliance Industries, India’s largest private sector enterprise with businesses in the energy and materials value chain. His personal stake in Reliance is 48 per cent.

In comparison, the net worth of both Gates and Slim is estimated to be slightly lower.

I wonder where his brother Anil Ambani stands. For those who don’t know, Mukesh and Anil Ambani are brothers who jointly owned Reliance Industries, before they broke up. I am inclined to believe that they would have made it to the top had they not split.

Given below are the five richest men in the world and 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)

Earlier on September 26, Ambani had overtaken steel czar Lakshmi Mittal to become the richest Indian in the world.

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Mittal currently ranks as the fifth richest in the world with a net worth of $50.9 billion through his 44.79% stake in world’s biggest steel maker ArcelorMittal.

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.

Finally Ambani says, “I believe true wealth consists of what we create for you, dear Shareowners. This is what I would continue to strive for, through Reliance.”

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4 Responses

  1. ajadoniz says:

    at this point i’m thinking its harder for these guys to become poor than to become richer, no matter how hard they try.

  2. Robin Bal says:

    Hi Ajadoniz,

    Welcome to FortuneWatch and thanks for your comment. I guess what you are thinking is quite true.

    Take care and cheers

  3. Ivan says:

    Unfortunately Slim wealth empire has been always obscure in its foundation.

    Saludos desde Mexico.

  4. H says:

    Mukesh Ambani owns Reliance Industries, India’s largest private sector enterprise with businesses in the energy and materials value chain. His personal stake in Reliance is 48 per cent.

    Mukesh Ambani has huge investments in Northern Mexico..

    He with Chinese investors is investing in building the largest port in the world right outside Tijuana,Mexico,it will dwarf Dubai cause he wants to be next to the USa without paying USA taxes,labor etc..

    and with NAFTA he can get in the USA with no problem.

    Also he has invested heavily in tecnology in Northern Mexico

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