Back in July, Bill Gates was dethroned as the World’s Richest Man after 13 years of standing king of the hill. His replacement, Carlos Slim, is owner of a Mexican telecommunications company and at the time, had a net worth of $67.8 billion. Given that Bill Gates lasted on top for quite a while, you’d think that Slim would have had at least a year reigning on top, however he didn’t. The World’s new richest man (for today anyways) is Mukesh Ambani from India.
Ambani is the largest shareholder of a company called Reliance Industries. A recent strong rally in Reliance shares put him standing on top. As of today, the top five richest people include:
- Mukesh Ambani – $63.2 billion
- Carlos Slim Helu – $62.2993 billion
- William Gates – $62.29 billion
- Warren Buffett – $55.9 billion
- Lakshmi Mittal – $50.9 billion
As CNBC reports, these calculations aren’t 100% correct and there’s bound to be some margin of error. There’s such a small difference between the top three that at this point, the richest man could be changing weekly or even daily with fluctuations in the stock market.
We know that Bill Gates is very charitable with his money, giving billions to charity each year, so what does Mukesh Ambani do with his? At this point it looks like he’s more focused on himself than contributing to charities. Hopefully, once Ambani’s billion dollar home is complete he’ll start thinking about how he can use his money to help others. To put the $1 billion dollar price tag on Ambani’s home into perspective, Bill Gates’ house AND land back in 2005 were valued at a measly (in comparison) $200 million.
Thanks for the tip rogoisu!
It’s good to see an Indian on top. This was due to the Indian stock market rallying and crossing the 20K mark for the first time in its history.
Reliance is one of the biggest bourses on the stock market and the riches were bound to come for Ambani, but there were reports in Indian media that the Reliance has release press notes that the evaluation is not correct.
Hey i own a mobile phone from Reliance. Yea it is really good to see an indian on top, not only because i am an indian but also because of the Third world representation in that list. Even Lakshmi Mittal is of Indian Origin.
Btw Mukesh along with his younger brother anil account for more than a 100 billion $ also making them the richest family in the world. congrats.
The brothers had a bitter feud & split up soon after their father died, the media blames their wives.
The following anecdote is about the father who was the one behind the business empire…
The Yemini administration realized that their main unit of currency, the Rial, was disappearing fast. Upon launching an investigation, they realized that a lot of Rials were being routed to the Port City of Aden. It was found that a young man in his twenties was placing unlimited buy orders for Yemini Rials.
During those days, the Yemini Rial was made of pure silver coins and was in much demand at the London Bullion Exchange. Young Dhirubhai bought the Rials, melted them into pure silver and sold it to the bullion traders in London.
Wow, that’s a lot of money for one family. It’s too bad that they couldn’t get along.
Omg im so proud dat ppl likk
dis actually are smart and know
how to get to da top im not indian
im mexican but keep it up (:
good thing gates set a good pace for philanthropy. if these gentlemen do not follow suit in India and the world, they will simply be hated by all for all time.
Hi
tis is mr rahman i’m 23 yars old i hav got lotz ov strangling i want 2 be a happy
lif i ned many badly.u gayz r do lotz ov donation pls jus do me any faver as much aj u can 4 my lif thnx.