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Mukesh Ambani Becomes World’s Richest Man
stockmarketsview.com — Mukesh Ambani, helped by the Great Indian Stock Market bull run, has made it to the top of the list of world's richest men. List of top 5 richest men in the world and their market capitalistion inside.
princess1012- 508 diggs
- digg it
- zaibatsu, on 10/31/2007, -16/+5Where's the Mexican Cellphone Mogul Ranked, I though he was #1
- SuperWinner, on 10/31/2007, -1/+12insert princess1012's comment here.
Use the REPLY button people, YOU'LL BREAK THE NEW COMMENTS SYSTEM!! - bdbr, on 10/30/2007, -0/+18zaibatsu, you'd be amazed at what you'd learn if you read the article before commenting on it.
- KnightWhoSaysNi, on 10/30/2007, -0/+1Carlos Slim is now #2. RTFA
- SuperWinner, on 10/31/2007, -1/+12insert princess1012's comment here.
- princess1012, on 10/30/2007, -18/+2He's been pushed to number 2, and is now fighting it out with Bill Gates.
- YaDontWannaKnow, on 10/30/2007, -7/+4That's that for Billy.
- Heracles, on 10/31/2007, -2/+25I'm sure that if he hadn't donated so much to charity (tax-deductible, sure) he'd still be number one on the list.
- SuperWinner, on 10/31/2007, -3/+6Just once I'd like to see someone donate their billions to the few thousand lucky 'normal' people just to see the mayhem that ensues. I am positive that each and every one of them would lose every penny within 2 years.
- gcnaddict, on 10/30/2007, -0/+1I tossed my lottery winnings into a swiss bank account. Out of sight, out of mind.
- Firehed, on 10/31/2007, -0/+3Generally you don't want money "out of mind," just "out of easy access for unplanned shopping sprees."
- Gavagai80, on 10/31/2007, -0/+9Spoken like a delusional rich person. Many of us "normal" people keep expenses low but simply don't have much income. Believe it or not, saving wads of cash to invest in stocks and business ventures to become a billionaire isn't practical for people making $20K/yr.
- gcnaddict, on 10/30/2007, -0/+1I tossed my lottery winnings into a swiss bank account. Out of sight, out of mind.
- tangofish, on 11/01/2007, -2/+18Poor Bill dropped to 3rd and only 9.3mil behind Carlos. How many people would be happy with 9.3mil? all of us I think.
- bightchee, on 10/30/2007, -2/+1Spooky.
- quomen, on 11/04/2007, -7/+2Digg hates rich people.
- HenvY, on 10/30/2007, -1/+1Isn't that 93 million? Or, erm, not.
- LBobRife, on 11/04/2007, -0/+6I'm pretty sure he doesn't really want the title of richest man. If he felt like it he could take it back. He'd much rather spend his wealth on something that would help mankind.
- bightchee, on 10/30/2007, -14/+3Better than being the richest man on Earth for a short time he could become famous forever by placing all his worth on a single game of roulette. Win or lose no one would soon forget that.
But then the problem... who will be able to match him for the pay-out?- r00tus3r, on 10/31/2007, -1/+22Are you high?
- estvir, on 10/30/2007, -3/+6He's just been watching too many American reality TV shows of which you guys have hundreds.
- santaliqueur, on 10/30/2007, -0/+6I'm glad you realized what you suggested is a stupid ***** idea.
- r00tus3r, on 10/31/2007, -1/+22Are you high?
- ipotown, on 11/01/2007, -3/+41Ambani unlike bill gates or warren buffett is not a first generation billionaire. He just built up on what his late father built up frm scratch
- orlyfactor, on 10/31/2007, -11/+4In other words, he's a LOSER!
- Firehed, on 10/31/2007, -0/+2A really effing rich loser. When you can paper mache' new friends together out of $100 bills, it doesn't really matter.
- estvir, on 10/30/2007, -12/+3Bill Gates' parents were billionaires?
- rudy23, on 11/01/2007, -2/+13he earned his money the hard way. inheriting it. (joke from mad)
- orlyfactor, on 10/31/2007, -11/+4In other words, he's a LOSER!
- orlyfactor, on 10/31/2007, -22/+4I wonder if he drinks from the faucet in the bathroom like every single one of my Indian co-workers. Disgusting...you can take the man out of Mumbai, but not Mumbai out of the man...
- UtopiaInTheSky, on 10/30/2007, -1/+11I drink from garden hoses.
- psYcon, on 10/30/2007, -3/+14what's wrong with drinking from a faucet, it's still clean water.
- CoffeeNut, on 10/31/2007, -7/+4***** racist ass-wipe.
- vkuuumar, on 10/30/2007, -2/+7Water from the water fountain and water from the faucet are both clean, if the water from the faucet was dirty why would you wash your hands with it?
- mercurysquad, on 11/05/2007, -1/+9What do you drink out of? Diamond encrusted golden tap with UV treated distillation filters?
- newstart, on 10/31/2007, -3/+5STFU Racist *****
- bdbr, on 11/01/2007, -6/+32Should it be surprising that three of the five richest men in the world are in countries with serious poverty?
- ch1gz, on 10/31/2007, -1/+8actually Lakshmi Mittal lives in London now
- prashantpawar, on 10/31/2007, -5/+11^^^
What an ignorant lad you are!
I donno what point you are trying to make here but if you are talking about serious poverty in India and Mukesh Ambani being the richest man in the world, well then his father survived the socialistic era of India, that era is gone now, and Free Market is prevailing in India now. No wonder the Ambani brothers are becoming the richest in the world.- uziko, on 10/31/2007, -9/+2wrong, india is a third world country and one of the poorest countries in the world
- licnyc, on 10/31/2007, -2/+9Get ready for big fat reality check - its one of the fastest growing economies in the world, 3 of the fastest growing economies are in asia. I have been to India twice and just recently. It is visibly growing at an astronomical rate. PS- Indian people feel insulted when you call it a third world country, its no longer true.
- uziko, on 10/31/2007, -2/+1remember that story on digg about a week ago with the indian street dentists, do they have those in america? i didn't so, reality check dumbass
- srkp, on 10/31/2007, -0/+0Last time I checked they sell drugs on the streets in US ciites. So that means US must be drug addicted country right ?
- licnyc, on 10/31/2007, -2/+9Get ready for big fat reality check - its one of the fastest growing economies in the world, 3 of the fastest growing economies are in asia. I have been to India twice and just recently. It is visibly growing at an astronomical rate. PS- Indian people feel insulted when you call it a third world country, its no longer true.
- uziko, on 10/31/2007, -9/+2wrong, india is a third world country and one of the poorest countries in the world
- quraid, on 11/01/2007, -1/+1so if 5 years ago, considering that most of the richest men were from USA, by your logic, it comes that USA was a freaking bare bones dirt poor belly lint selling country ?
that made so much sense.... - Aitese, on 10/31/2007, -0/+1
it seems you fail to grasp the simple concept of GLOBAL economics...as do the rest of the fools who digg you up
- laplacian, on 10/31/2007, -1/+18i like how this blogspam sited its source for these numbers. oh wait. it didnt.
- bellapria, on 10/30/2007, -0/+1good point....
- dryahoo, on 10/31/2007, -1/+18this is wrong
http://timesofindia.indiatimes.com/Business/India_ ... - evilregis, on 10/31/2007, -0/+8Poor Lakshmi Mittal. Where did he go wrong...
- libertarian2008, on 10/31/2007, -0/+6Just that his shares are not traded on Indian Stock markets which have climbed 400% in ~4 yrs.
- TomK88, on 10/30/2007, -0/+2http://www.duggmirror.com
- libertarian2008, on 10/31/2007, -1/+15Mukesh Ambani is the same man who is building a 22-storey single family home in Mumbai!
- prashantpawar, on 10/30/2007, -10/+5^^^
What an ignorant lad you are!
I donno what point you are trying to make here but if you are talking about serious poverty in India and Mukesh Ambani being the richest man in the world, well then his father survived the socialistic era of India, that era is gone now, and Free Market is prevailing in India now. No wonder the Ambani brothers are becoming the richest in the world.- libertarian2008, on 10/30/2007, -3/+6Who are you pointing to? Instead of "^^^^" you could have just replied to the comment.
- rnreekez, on 10/30/2007, -2/+1How do you do that? Digg is hard.
- prashantpawar, on 10/30/2007, -5/+1OH shut up, I didn't reply to that comment because you have to actively click on them to read it, on the other hand I wanted it to be displayed just like the main comment.
- libertarian2008, on 10/30/2007, -0/+1And you risked your comment becoming irrelevant if someone posted ahead of you?
Wait... you wanted to be under the spotlight ...
- libertarian2008, on 10/30/2007, -0/+1And you risked your comment becoming irrelevant if someone posted ahead of you?
- tomess, on 10/30/2007, -10/+2I think that all of those rich b***ards should donate one billion each to my bank account.
- emeraldik, on 10/31/2007, -2/+14Inaccurate
http://timesofindia.indiatimes.com/A_day_later_RIL ...- ortucis, on 10/30/2007, -0/+2Wow, Times of India actually reports news?
Oh wait, online version. For a second I got scared that the paper ditched the ad whoring and celebrity worshipping.- libertarian2008, on 10/30/2007, -0/+1Look at the infotech section of their online version. Articles copied from CNET and others without references.
Plagiarists
- libertarian2008, on 10/30/2007, -0/+1Look at the infotech section of their online version. Articles copied from CNET and others without references.
- ortucis, on 10/30/2007, -0/+2Wow, Times of India actually reports news?
- geuis2, on 10/31/2007, -3/+3Apparently this website doesn't make enough money to afford good hosting. Should ask Mukesh Ambani for a loan.
- Grumps, on 10/30/2007, -10/+6@Achalemoipas
"You're talking about a guy who became the richest man in the world in a country where people still die of starvation."
People still starve to death in America. Thanks to how Bush destroy the country's economy with his war on terror.- KillerLettuce, on 10/31/2007, -3/+2still more people starve in India, a 3rd world country I might add.
- cbchhaya, on 10/31/2007, -1/+2The only difference is that the percentage is decreasing in India and increasing in the US!!
- loeki, on 10/31/2007, -2/+1Nobody starves to death in America or any other first world country for that matter, unless they're stupid or physically unable to feed themselves.
- hoovcluck, on 10/31/2007, -0/+2Or unless you're in a vegetative state.
- plizard, on 10/30/2007, -4/+2i wonder if he'd pay off my student loans for me
- digudown, on 10/30/2007, -3/+1No
- digudown, on 10/30/2007, -2/+1No
- str3ama, on 11/01/2007, -1/+9Congratulations Mukesh, now turn around and start doing something about India's dependence on foreign markets, or the fact that 3/4 of the educated workforce is actively seeking to emmigrate elsewhere to chase a lifestyle/dream that is never afforded to them.
- cbchhaya, on 10/31/2007, -2/+3India's dependence on foreign markets?!! That's the most outrageously ridiculous comment I've ever heard. For one, it tells me that you wear tiger skins or grass coats and have never visited any garment outlet ever in your life. As far as emigration is concerned, more Indians are choosing to stay in India than go elsewhere, more Indians are returning to India, remitting $25 billion every year, in addition to carrying away a few billions more. While your ***** up dollar has been capsizing by the passing day, the Indian Rupee has grown over 10% stronger over the past year. A mammoth percentage of investments in the Indian stock markets is by Foreign Investors, who can only see their wealth dwindling here. It amazes me that it doesn't even bother you that you work your ass off to keep the credit agency guys out (and that job may soon not be yours any more) and all your money is being funneled into Indian markets. And make no mistake, India is kicking out some of these FIIs as well, because even a third-world country (right?) doesn't want your ***** piece of currency called the US dollar.
Please do not parade your gross ignorance on a public forum such as Digg; it shows you and your countrymen in poor light. - ortucis, on 10/30/2007, -0/+4You do realize that THAT 'workforce' is coming back to India with even more experience after watching how the 'first world' does the business? They are going to study, earn a living even but most are now coming back especially since the living condition in India is improving rapidly.
- cbchhaya, on 10/31/2007, -2/+3India's dependence on foreign markets?!! That's the most outrageously ridiculous comment I've ever heard. For one, it tells me that you wear tiger skins or grass coats and have never visited any garment outlet ever in your life. As far as emigration is concerned, more Indians are choosing to stay in India than go elsewhere, more Indians are returning to India, remitting $25 billion every year, in addition to carrying away a few billions more. While your ***** up dollar has been capsizing by the passing day, the Indian Rupee has grown over 10% stronger over the past year. A mammoth percentage of investments in the Indian stock markets is by Foreign Investors, who can only see their wealth dwindling here. It amazes me that it doesn't even bother you that you work your ass off to keep the credit agency guys out (and that job may soon not be yours any more) and all your money is being funneled into Indian markets. And make no mistake, India is kicking out some of these FIIs as well, because even a third-world country (right?) doesn't want your ***** piece of currency called the US dollar.
- xxTazxx, on 10/30/2007, -1/+1That's funny:
http://www.forbes.com/lists/2007/10/07billionaires ... - SkateorDie, on 10/31/2007, -2/+6Who cares whom has more money than the other. They all have a sh*t ton of money, does even make a difference?
- ashwinbadri, on 10/31/2007, -4/+5indians are going to rule the world. 2 out of 5, and counting. :-) ........ already, india has the highest number of billionaires compared to any other asian country.....
- libertarian2008, on 10/31/2007, -1/+6"2 out of 5"
No 2 out of 1.1 billion- krizzle, on 10/30/2007, -8/+0shut up you honkey bitch Indian people are gonna stomp your ass.
- srkp, on 10/31/2007, -0/+1And go kill some more people to gas you SUV
- krizzle, on 10/30/2007, -8/+0shut up you honkey bitch Indian people are gonna stomp your ass.
- libertarian2008, on 10/31/2007, -1/+6"2 out of 5"
- libertarian2008, on 10/30/2007, -0/+7The interesting fact is that Ambani brothers recently split after their father Dhirubhai's death and both shared their father's wealth.
As of Mar 2007 Anil Ambani's (the other brother) net worth was about $18 billion which surely would have gone up since the stock markets have gained about 25% since then.
Amazing how much fortune a single guy (Dhirubhai) built, despite spending his childhood as a roadside vendor.- prashantpawar, on 10/30/2007, -0/+6You should watch the bollywood movie "Guru", its an amazing(and probably the only) bollywood movie on Free market and Libertarianism.
- Bender4Pharoah, on 10/31/2007, -2/+8Since Bill Gates and Warren Buffet have both just donated BILLIONS of dollars to charity, I don't think they're interested in "battling it out" for any richest-man-in-the-world contest.
- Firehed, on 10/30/2007, -1/+3The only time Gates and Buffet battle in any sense of the word is when they get together for a game of bridge.
Seriously. - LBobRife, on 10/30/2007, -1/+2Exactly. It's not a contest. It's about helping people when you have such a ridiculous ability to.
- Aitese, on 10/31/2007, -0/+1Buffet has pledged money when he DIES...as that hasn't happened yet neither has the whole donating billions thing.
- Firehed, on 10/30/2007, -1/+3The only time Gates and Buffet battle in any sense of the word is when they get together for a game of bridge.
- Stabface, on 10/30/2007, -0/+5What I find interesting is if you look back in history and adjust wealth to today's economy, people like Rockefeller, Carnegie, Vanderbilt had FAR more money than today's billionaires have.
- Scottievm, on 10/30/2007, -0/+1They actually weren't. Adjusted for inflation, yes they would have been multi-billionaires, but none of them would have close to 60 billion.
- soccernamlak, on 10/30/2007, -4/+4I guess America is really outsourcing everything to India now?
- cbchhaya, on 11/06/2007, -2/+7What most of you will never realize, or appreciate, is that by means no more unfair than those of any average corporation in the world (and Microsoft isn't even in the league of fair players), Reliance Industries has helped millions of Indians realize wealth, realize what it means to have the power to spend. For all your "outsourcing", "poverty", "charities" and other POS comments here, how many of you have even heard of Reliance's cell network in India? Every common Indian man, even many of those poor folks that you see in your "other-world" sections in newspapers here, is now able to afford a cell-phone, unlike your oligarchic corporations here that sell you those services at a 100 times the price and still keep ripping you off every now and then. But these stories never make it to NYT or whatever, because then it's going to show your country in poor light. When a common man can invest INR 52 (just about a dollar, BTW) for a unit of Reliance MF in IPO and have it list at nearly double the price, who cares how much wealth the Ambanis make? Yes, there have been questionable practices and there have been issues and doubts over certain actions, but if there is one corporation in the world that has given the common man the right to dream and to live those dreams, it is Reliance.
Unfortunately, for you narrow-minded retards, you have no guts to accept that the so-called American dream has ended and now is the time to watch somebody else enjoy the riches. Thank God you still have the "outsourcing" and "poverty" trumpets to blow - if you're not an atheist, that is!!- bananabomb, on 10/30/2007, -1/+0TLDR
- LBobRife, on 10/30/2007, -1/+2You are sadly mistaken if you think country boundries mean much of anything anymore. Especially when it comes to wealth.
- rey1867, on 10/30/2007, -0/+0cbcchaya you retard... how many people has he made rich without making himself even richer
its not like he does anything for non profit.
dont be defensive because ur indian .... im indian too and i dont like the hypocritical nature of the richest man living in a country where 70% of the people earn less than $ 2 a day
oh and i hate to break it to u but 1 USD = 39 Indian Rupees
- solid12345, on 10/30/2007, -1/+0Good for Mr. Ambani, now he needs to watch out, people will be actively seeking to character assassinate him and leech off his fortune.
The 3rd world needs more entrepreneurs like him to advance their societies in the long run. Throwing a couple dollars a month at them isn't going to fix things only prolong suffering.- ortucis, on 10/30/2007, -0/+1"..people will be actively seeking to character assassinate him and leech off his fortune."
Yeah, this isn't Pakistan. Lucky him.
- ortucis, on 10/30/2007, -0/+1"..people will be actively seeking to character assassinate him and leech off his fortune."
- Anntink, on 10/31/2007, -1/+3I read somewhere that international bankers were worth trillions. Is that so, and if it is, why aren't they on the list?
- LBobRife, on 10/31/2007, -1/+2because it's not true? "somewhere" is not a reputable source.
- canUdi9it, on 10/31/2007, -0/+2Yes, the Rothschild banking family is probably the world's richest, but they prefer to keep their wealth "off the books". Since they are heavily invested in most of the world's central banks, they make a lot of money that doesn't get audited.
- licnyc, on 10/31/2007, -1/+4People who keep commenting that India is a 3rd world country of starving people are completely off mark. India is growing at such an incredible pace, its unbelievable and shows no sign of slowing down. I went to bangalore two years ago and I was there 2 months ago, there are 10 times as many cars, lots of mercedes, almost all were new cars, (traffic was a complete nightmare, infastructure takes longer), lots of the beggars are gone. There are 5 times as many malls- in fact they are building the biggest mall in Asia as well as a subway system. They are doing so well bangalore is actually now doing the outsourcing because it can't keep up with the demand. All of this happened in two years. If you want to make a smart investment, consider investing in the indian economy, its really unbelievable.
- blacklabelrum, on 10/30/2007, -4/+1indians rulzzz!!!!!!!!!
- rRobinsoN, on 10/30/2007, -0/+0ya man, India gonna rule this world!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
- hoovcluck, on 10/31/2007, -0/+1I'll eat a steak to that!
- princess1012, on 10/30/2007, -0/+1Mukesh's younger brother Anil, is also likely to make it within the top 10, if the Reliance Power IPO goes through. However the IPO is doubtful, since a few MP's had raised certain issues regarding the Reliance Power IPO in the Parliament.
http://www.stockmarketsview.com/reliance-power-lim ... - rey1867, on 10/30/2007, -0/+0i dont like this guy.
not because of how much money he has but how little he has done......i'd like to believe that if i was a billionaire id help a lot of people
doesnt look good on a country when one man makes more than 70% of the population.- jimmygold7, on 11/01/2007, -0/+0I am sickened no end by the tons of people who come here and praise Bill Gates for giving money to Charity while criticizing the Ambanis for not doing as much.
In India, the vast array of corporations run by the Reliance Group employs - directly and indirectly - millions of people, and is one of a handful of business houses that has transformed India from a nation of subsistance farmers to a nation well on its way to having a first world economy.
I mean, even though I have always viewed charity with cynicism, I cannot imagine a bigger charity than changing the destiny of so many millions of people. Stop for a moment and think of all the millions of kids who will now have a decent education and future because an enterpreneur out there toiled hard to create the wealth that would get them that future!
- jimmygold7, on 11/01/2007, -0/+0I am sickened no end by the tons of people who come here and praise Bill Gates for giving money to Charity while criticizing the Ambanis for not doing as much.
- Tomson74, on 10/31/2007, -3/+1I am surprised he isn't working for a call center
- srkp, on 10/31/2007, -0/+2On the same lines you should be surprised that Bill Gates doesn't sell arms or drugs and Carlos doesn't work in a Farm.
- quraid, on 10/31/2007, -0/+1phail.
- srkp, on 10/31/2007, -0/+2About 200 years ago (not long time ago if you consider the span of history) India is the richest in the world. West sucked the wealth out of Asia. Now that it's free I am sure that Asia will regain it's glory. Considering the fact that till about 60 years ago India has no electricity in 90% of the country (thanks to British leaches) India came a long way. So did China.
- microskomp, on 10/31/2007, -0/+2i agree that this story may be inaccurate:
http://timesofindia.indiatimes.com/A_day_later_RIL ... - triPzZz, on 10/31/2007, -0/+1Funny, forbes.com hasn't updated their list. I personally wonder where this website receives its source of information.
- sbuzz, on 10/31/2007, -0/+1rubbish
http://timesofindia.indiatimes.com/Business/India_ ... - cforcloud, on 10/31/2007, -0/+0seems like not yet
http://www.timesonline.co.uk/tol/news/world/asia/a ... - hullan, on 11/02/2007, -1/+0new to this blog and amazed!! Only thing i can say is whoever is the richest, good for him, its his hardwork and smart brains and for those who do not have even a penny, stop dreaming and being jealous. Do something for urself! With regards to India and America, Americans cant even pointout a country on a world map as they do not knw wot exists outside America. If not for its population, India would be top rite now. I am not Indian, but India is Amazing. They Rock!!!!!!!!!!
- chayakiran, on 03/11/2008, -0/+0he is no longer the richest... according to 2008 forbes listing - warren buffet is the richest guy with about $62 billion
- jaygal, on 08/01/2008, -0/+0Wealth creation has been amazing by RIL. However it needs to diversify, if it wants to remain number 1 in next decade. - www.TradersPlace.in
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