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Author Topic: Ambhani becomes 4th richest person in the world  (Read 121 times)
akram143
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July 15, 2020, 01:27:19 PM
Last edit: August 20, 2020, 06:37:56 PM by akram143
 #1

I am seeing lot of news regarding India's richest person now entered into the 6th position of the world's most richest person with net worth over 72 billion dollars.Morevoer alphabet's founders and Warren Buffet are still behind Mukesh Ambhani in this list.

source: https://www.timesnownews.com/business-economy/companies/article/mukesh-ambani-pips-larry-page-to-become-6th-richest-in-the-world-as-net-worth-crosses-72-billion-mark/621052

edit : he is now in the 5th spot

edit 2 : now 4th

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July 15, 2020, 02:42:59 PM
 #2

This would be really be a proud movement for his family and the country as well as only 1 in top 10 is from the country. Certainly, with the lot of investment coming in lockdown in the company has resulted in rise in their share price which helped him as the market valuation of the company kept on rising helped him to reach 6th position.

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July 15, 2020, 03:08:18 PM
 #3

This would be really be a proud movement for his family and the country as well as only 1 in top 10 is from the country. Certainly, with the lot of investment coming in lockdown in the company has resulted in rise in their share price which helped him as the market valuation of the company kept on rising helped him to reach 6th position.
Yeah, it maybe the answer for white people who thinks India is the poorest country but still people are more poor due to this covid 19 and unfortunately we are not seeing much help from Ambhani like warren Buffet who donated 20+ billion dollars to charity until now and he wanted every assets to the charity after his life.

Maybe other rich individuals has something to learn from Buffet in my opinion.

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July 17, 2020, 05:45:58 PM
 #4

This would be really be a proud movement for his family and the country as well as only 1 in top 10 is from the country. Certainly, with the lot of investment coming in lockdown in the company has resulted in rise in their share price which helped him as the market valuation of the company kept on rising helped him to reach 6th position.
Yeah, it maybe the answer for white people who thinks India is the poorest country but still people are more poor due to this covid 19 and unfortunately we are not seeing much help from Ambhani like warren Buffet who donated 20+ billion dollars to charity until now and he wanted every assets to the charity after his life.

Maybe other rich individuals has something to learn from Buffet in my opinion.

So there are two sides in the country. Poor is becoming poorer and rich are becoming rich. And after Covid gets over the way economy might fall, and small industries may shut things will result into a lot of unemployment. Also, many job cuts have started to happen. No doubt overall before Covid people had done much better than comparing the past and that is why the world is seeing the different country than before.

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July 23, 2020, 05:11:07 AM
 #5

Ambhani's network again increased by 1.2 billion dollars and the new value just crossed 75 billion this happened due to the surge in the share prices of his oil company.

source: https://economictimes.indiatimes.com/markets/stocks/news/mukesh-ambani-becomes-fifth-richest-in-the-world-as-net-worth-swells-to-75-billion/articleshow/77111677.cms

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August 14, 2020, 05:38:57 AM
 #6

This lockdown times seems to be proving lucky for the Ambani's as he has firstly become the riches man of Asia, reaching to the 5th spot in the world and now he has climbed another step and become 4th richest in the world. Also, the proud moment for all Indians that someone from their country is doing so well and, in the world, recognizing the Indians are very much ahead as other.


https://www.indiatvnews.com/fyi/mukesh-ambani-lesser-known-facts-interesting-things-to-know-reliance-industries-641401

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August 14, 2020, 10:30:32 AM
 #7

This lockdown times seems to be proving lucky for the Ambani's as he has firstly become the riches man of Asia, reaching to the 5th spot in the world and now he has climbed another step and become 4th richest in the world. Also, the proud moment for all Indians that someone from their country is doing so well and, in the world, recognizing the Indians are very much ahead as other.


https://www.indiatvnews.com/fyi/mukesh-ambani-lesser-known-facts-interesting-things-to-know-reliance-industries-641401
Yeah, I missed to report this news, which I knew few days before as well.

Not really a proud moment for the people because when the whole country is not having jobs and foods still he manages to make money and corrupted politicians are also helping a lot to the richest people of India.

And another interesting news is Jio is negotiating to buy Tiktok India, so we can expect his growth in the list will continues.

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August 20, 2020, 03:32:26 PM
 #8

This lockdown times seems to be proving lucky for the Ambani's as he has firstly become the riches man of Asia, reaching to the 5th spot in the world and now he has climbed another step and become 4th richest in the world. Also, the proud moment for all Indians that someone from their country is doing so well and, in the world, recognizing the Indians are very much ahead as other.


https://www.indiatvnews.com/fyi/mukesh-ambani-lesser-known-facts-interesting-things-to-know-reliance-industries-641401
Yeah, I missed to report this news, which I knew few days before as well.

Not really a proud moment for the people because when the whole country is not having jobs and foods still he manages to make money and corrupted politicians are also helping a lot to the richest people of India.

And another interesting news is Jio is negotiating to buy Tiktok India, so we can expect his growth in the list will continues.

The growth will continue because he is a businessman and not many of them have the acumen what he has and the relations that needs to be built in order to get the business and his work done. If everyone could have that knowledge and such skills everyone would have being a rich businessman by now. But true, in this lockdown he has made real good worth of money.

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August 20, 2020, 06:37:26 PM
 #9

The growth will continue because he is a businessman and not many of them have the acumen what he has and the relations that needs to be built in order to get the business and his work done. If everyone could have that knowledge and such skills everyone would have being a rich businessman by now. But true, in this lockdown he has made real good worth of money.
Not really he made good money in these period because that is what the report says and the richest person is the result of his net worth getting increased due to the stock value increase and many economist says this is man made hype on the stocks by injecting money outside and also with the help of political leaders.

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August 21, 2020, 08:51:58 PM
Merited by Heisenberg_Hunter (1)
 #10

Not really a proud moment for the people because when the whole country is not having jobs and foods still he manages to make money and corrupted politicians are also helping a lot to the richest people of India.

And another interesting news is Jio is negotiating to buy Tiktok India, so we can expect his growth in the list will continues.
Majority of the credits goes to the government, to help Jio the central government has already killed the BSNL network and people are forced to migrate to private providers.

Anyone praising the wealth of Ambani should think clearly how they are able to make the money when the entire country is struggling to keep up with the pandemic and over five million jobs are lost in the past few months and the countless business owners that were forced to shut their doors permanently due to financial crisis.

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August 22, 2020, 08:01:20 AM
 #11

Not really a proud moment for the people because when the whole country is not having jobs and foods still he manages to make money and corrupted politicians are also helping a lot to the richest people of India.

And another interesting news is Jio is negotiating to buy Tiktok India, so we can expect his growth in the list will continues.
Majority of the credits goes to the government, to help Jio the central government has already killed the BSNL network and people are forced to migrate to private providers.

Anyone praising the wealth of Ambani should think clearly how they are able to make the money when the entire country is struggling to keep up with the pandemic and over five million jobs are lost in the past few months and the countless business owners that were forced to shut their doors permanently due to financial crisis.
BSNL is one of the loss making company but still government allocate huge funds for it just to pay for the employees not for the development of the telecom services.Heard BSNL is going to spend huge amount to roll out 4G network when the whole world is moving to 5G and 6G, government spending all the tax money for useless things. Lips sealed

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August 22, 2020, 09:09:35 AM
Merited by Heisenberg_Hunter (1)
 #12

Majority of the credits goes to the government, to help Jio the central government has already killed the BSNL network and people are forced to migrate to private providers.
Not just to any Govt, but the BJP, and in particular to the Gujarati Duo of Narendrabhai and Amit Bhai. They have ensured that Gujarati businessmen get 5-star treatment in all their businesses. BSNL was cannabalized by private telcos since long. What BJP did was loosen the grip of TRAI's regulation so Ambani could easily launch Jio. In the name of MNP, they made it compuslory to share network too. This really was the boon which helped Jio to catapult above the rest.
 
Anyone praising the wealth of Ambani should think clearly how they are able to make the money when the entire country is struggling to keep up with the pandemic and over five million jobs are lost in the past few months and the countless business owners that were forced to shut their doors permanently due to financial crisis.
Well, we like it or not, the man deserves praise to have built and kept together his empire. Look at that other Ambani kid who lost investor money and took down credit condition of several banks with his NPAs. Of course, Ambani bends the politicians to his will to gain more money and power just like his father. Yet, you cannot blame the man for knowing how to play best. The millions working for Reliance industries and Jio are not complaining. Of course the working conditions and remunerations for the lowest rung of workers would hardly be anything to write about. This is one of the biggest reason to be thankful that we still have the Tatas.

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November 21, 2020, 06:21:18 PM
 #13

They become rich by looting poor, why should they distribute that money to poor?

This would be really be a proud movement for his family and the country as well as only 1 in top 10 is from the country. Certainly, with the lot of investment coming in lockdown in the company has resulted in rise in their share price which helped him as the market valuation of the company kept on rising helped him to reach 6th position.
Yeah, it maybe the answer for white people who thinks India is the poorest country but still people are more poor due to this covid 19 and unfortunately we are not seeing much help from Ambhani like warren Buffet who donated 20+ billion dollars to charity until now and he wanted every assets to the charity after his life.

Maybe other rich individuals has something to learn from Buffet in my opinion.
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