World’s Richest Man: Not Gates, Buffett, or Slim-Helú

No.

His name is Mukesh Ambani, and he’s worth $63.2 billion, making him the world’s wealthiest man. Not familiar with him? It’s time to get familiar. He’s got a home being constructed at an estimated cost of $1 billion. Yes, that’s right $1,000,000,000. Nine zeroes. Ambani plans on using the skyscraper-as-home to give whole floors to his family members and house the estimated 600 house staffers the place will need. By the way, his current home is also a tall tower-Ambani is simply trading up.

Ambani is chairman of Reliance Industries, a business conglomerate that makes up for some 3% of India’s GDP. It has businesses that operate in petrochemicals, oil refining, textiles, retail and biotechnology. Like Warren Buffett, Ambani started out with just the textiles operation, and used the cash it threw off to buy other businesses. Berkshire Hathaway, now more associated with insurance, was once a laggard textile manufacturer before Warren took control.

Two of the top five richest humans are now from India:

• Mukesh Ambani – $63.2 billion
• Carlos Slim Helu – $62.3 billion
• William (Bill) Gates – $62.3 billion
• Warren Buffett – $55.9 billion
• Lakshmi Mittal – $50.9 billion

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