With his wealth estimated at more than $57 billion, Anil Dhirubhai Ambani has emerged as
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.
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