Tuesday, June 8, 2010

No.4 Mukesh Ambani

Mukesh Ambani

No.4 Mukesh Ambani

$29 billion- Petrochemicals, oil and gas. India.


Global ambitions: His Reliance Industries, already India’s most valuable company, recently bid $2 billion for 65% stake in troubled Canadian oil sands outfit Value Creations. Firm’s $14.5 billion offer to buy bankrupt petrochemicals maker LyondellBasell was rejected. Since September company has sold Treasury shares worth $2 billion to be used for acquisitions. Late father, Dhirubhai, founded Reliance and built it into a massive conglomerate.

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