Srinivas Padma: Personal Musings on Life, Growth, and Connections

Reliance Industries chairman and managing director, Mukesh Ambani is the world's richest man recently has gifted the $60 million Airbus plane to wife Neeta on her 44th birthday. Luxury jet with entertainment cabins, a sky bar and fancy showers for her birthday. The jet is custom fitted with an office and a cabin with game consoles, music systems, satellite television and wireless communication, the report said. It also has a master bedroom, a bathroom with a range of showers and a bar with mood lighting. This is not all. He is building a $1-billion home in India's financial capital of Mumbai, which is considered to be one of the world's most expensive houses. Seems like it's raining money for him now.

The market, which has been on steroids through most of October, also saw Mukesh Ambani , the head of Reliance Industries Ltd, become the richest man in the world, edging out software giant Bill Gates of Microsoft and Mexican tycoon Carlos Slim and Warren Buffet . PTI reported that Mukesh Ambani's net worth rose to $63.2 billion (Rs 2,49,108 crores) on the back of Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd. In comparison, the net worth of both Bill Gates and Carlos Slim is estimated to be slightly lower, at around $62.29 billion, with Slim leading among the two by a narrow margin. Investor czar Warren Buffett was pushed to fourth position, with a net worth of about $56 billion. Mr Ambani's wealth of about Rs 2,49,000 crores includes about Rs 2,10,000 crores from RIL (50.98 per cent stake), Rs 37,500 crores from RPL (37.5 per cent) and Rs 2,100 crores from RIIL (46.23 per cent). The Ambani family, whose wealth has always ridden on the f...

The race between Anil Ambani and his elder brother Mukesh just got hotter with Anil entering the trillionaire club under the personal wealth category. His personal riches through his personal shareholding in the companies in his group touched over Rs 100,000 crores on Friday. Based on the closing price on Friday at the Bombay Stock Exchange, the value of Anil Ambani's personal shareholding were worth Rs 100,334 crores while the market capitalisation of his group soared to Rs 162,930 crores. Anil is now Rs 14,666 crores away from his brother's wealth. The wealth of Mukesh Ambani was over Rs 115,000 crores. The share of the Anil Ambani group companies - Reliance Communication and Reliance Capital touched an all time high of Rs 551 and Rs 1,149 respec tively, resulting in the increase in wealth. The market capitalisation of flagship Reliance Communication was placed at Rs 112,657 crores, of which promoters holding is 67 per cent giving Anil Ambani a wealth of Rs 7...