why is mukesh ambani the world's richest,how did he beat bill gates?/?

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  • 1 decade ago
    Best Answer

    Oil?

  • 1 decade ago

    Today's news says that Mukesh Ambani is not the richest man and tat Bill Gates remains to be the top person. Media have advertised wrongly.

  • 1 decade ago

    The multi-billionaire was listed by Forbes magazine earlier this year in 14th place among the world's richest people with an estimated wealth of $20.1 billion, way behind Microsoft's Bill Gates on $56 billion.

    Ambani's wealth was calculated on the strength of his holdings in Reliance Industries and group companies Reliance Petroleum and Reliance Industrial Infrastructure Limited.

    Source(s): www.forbes.com/lists/2007/10/07billionaires_Mukesh-Ambani_NY3A.html - 34k - Cached
  • 1 decade ago

    The INR / Rupee has increased in value compared to the USD/Dollar. Hence you can imagine how the wealth of Mukesh Ambani has appreciated. Putting Anil together - Ambani is the richest family in the world;)

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  • 1 decade ago

    If we knew the answer to that question we would be richer than Bill Gates. There's only one person who can answer your question & I can't see Mukesh Ambani hanging around on yahoo! answers.

  • 1 decade ago

    "No one has the ownership over Great ideas, all you need is to think before the rest of the world, and implement it, before others can even imagine", this is what HIS father used to say.

    And they worked accordingly, they went to the clothing industry, and VIMAL brand became number 1. They started Mobile Phones (which now belongs to his brother Anil), and they made sure, everyone can afford that. So, they started giving away mobile phone handset with connection at as low as Rs. 500 (usd 10), and they are one of the major telecom company now... this example itself shows their aggretion. Apart from this, they have Petrochemical, Cloths, Retail Shopping Malls, and a lot more.... to make them No. 1.

    Mukesh is the richest, as

  • 1 decade ago

    Guess, He's got cell phone Business in a country which has the 2nd highest population after China. Ive visited India myself, I people uses cell phone as if hair over the head.

    India is a Huge market for any business. Besides hes got Oil Refineries, Food chains, Walmart like Shopping chains. Why wouldnt he be the Richest guy?

  • Anonymous
    1 decade ago

    1.. Bill Gates slipped due to oil spillage

    2... It is bull let on run by FII (foreigner) which have lifted mukesh and not indians

    3... Untouchable Rupee has been appreciated by FII .

    4..This is miracle of Gandhi photographs on notes --- it is due to Gandhigiri

    5.. I hope there is no jugglary of Zeros in calculations

    Source(s): gk
  • 1 decade ago

    mukesh abani got lot of profit in the share market and he became the richest in the world he has a wealth of approximately about 2,48000 crores (64.23 billlions)

  • 1 decade ago

    bill became the richest man but it was because of his hardworking. other wise he just was a cobbler. contray to him mukesh is quite wealthy but he is a wealthy person because of the hardwork made by his parents, forefathers. he is just continuing it and this expansion had made him rich, bill gate started to make money with in the past few years thus he is unable to make such a great amonut of money

  • 1 decade ago

    Sensex touching 20,000 and great hike in his shareholdings made him richer than Bill Gates

    Source(s): GOD
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