Who is going to Stay as the World's Richest Person ???

[ross18]

Who is going to Stay as the World's Richest Person ???


Hey there Friends,

As we all knw that all these years Bill Gates was the World's Richest Man who was been overtaken by Carlos Slim Helu and now again because of the Stock Market Boom in India Mukesh Ambani has become the World's Richest person...

Whom do u feel is going to stay as the World's Richest Person in the coming times...

I personally feel Bill Gates is going to retain his position of the World's Richest Person in the coming days...

do share in your thoughts...

Take Care...

[kartik]

I feel the Bill gates era is over. Microsoft does not have as big a product line as mukesh or carlos.

I feel it will be Laxmi Mittal charging for the number one position soon ;).

Yet again, if the stock markets are fundamentally strong, then I see no chance of Mukesh walking down the ladder anytime soon.

[@a6]

I think that the way stock market is moving..soon we would have some more Indians in the World's Richie Rich list headed by one the Ambani Brothers....but the question that arises is that will it be of any help to a common man in India??...Leave the fact that Foreign investors are putting money in India.. In what way is it going to help a man who is below poverty line??...so all this hype that India is having the richest man of the world or the news that stock has crossed 20000 is just befuddling us.... India still has a long way to go and few TATA Birlas Ambanis Mittals can't make much difference....government should start thinking about the main problems right from the root level....Sorry for giving a new dimension to this discussion but The topic mentioned above is of no significance...atleast I feel that way

[kartik]

It all gets down to the basics. "To make money, you need money". The government does a lot for keeping the common man happy. In the real sense, the core focus of the govt is the common man, because thats their vote bank. Thats the reason you see restrictions in cement rates in this yrs budget. The inflation is restricted to below 4 % let alone the fact that the economy is booming at 9 % growth rate.

It does matter if the indians make it to the top in forbes. The list that was once dominated by bn dollars is now conquered by the indian ruppees. This means attracting more fdi and a global recognition not just as a country which emerged as an economy because of the BPO boom, but because of stellar companies like reliance, birlas, tatas and ambanis.

And if India is shining even after all the loopholes, political instability and corruption, then the news of an indian reaching the heights is of absolute significance

[ROHAN KACHALIA]

Hey Kartik, I agree wid u that to make money you need money but the point I would like to raise is that the money coming in from various sources is not being used for the apt purpose. I mean there are a lot of delays in project implementations from various state governments, resulting into escallation of costs tremendously & if the projects have been accomplished as per the decided deadline than the extra money used for the delay can be used for the benefits of the poor people.

And thus I would say that even though we are growing at a fast pace but the life of the poorer section of the society is still the same and moreover it seems to me that only one leg of ours is moving (rich getting more richer) whereas the other leg is far lagging behind (the poorer sections of the society) and it would not be possible for us in the long run to move with a leg unless other leg develops at a brisk pace.

So I think it doesnt really matter much for the common people that who is the world's richest person untill and unless the common masses and the poor are also benefitted.

[kartik]

If everyone was rich, the need for money wouldn't exist.

There will always be some cry baby sitting there on his uneducated behind, polishing shoes and crying he is poor and thats a global issue.

Whether the govt has done something for the poor is a different discussion altogether.

Right now its rejoicing for the common man or the person who has invested in the stock markets. For the unemployed because an image correction like this for India means more employment opportunities, cheaper services and better standard of living.

May India create more such billionaires.

[vikas_jain1987]

i think the stock market rally will soon slow down and mittal will takeover the position

[prachee]

I FEEL IT WILL BE MUKESH AMBANI

[ravi_nahar19]

Well,, i think mukesh ambani...coz his growth rate is far more than the runner ups...

[ross18]

Well guys,

Mukesh Ambani is not the richest person in the world says,
Reliance spokesman "Tushar Pania" in this article..

Link :- http://timesofindia.indiatimes.com/Business/India_Business/Mukesh_Ambani_not_worlds_richest_man_says_Reliance/articleshow/2502073.cms

The Indian markets are booming up currently but thn i don't think they are going to stay at the top for long there is going to be a recession period int the market and when then times come the markets are going to crash for good...

[deepakraam]

Well, I think Mukesh Ambani will climb the ladder and sit on top of Richie-rich list soon.If not now,his plan to diversify his retail business into 34 companies and trying to list them in Stock market will clearly make him the richest person on earth.

[manager143]

bill gates is stable unlike the rest whose wealth fluctuates cos of the stock market ....

[karrykool]

Both the arguments are correct, per se Mukesh Ambani and Bill Gates. As a matter of fact, Mukesh Ambani has the upper edge due to his long-term plan. Even Bill Gates doesnt own the complete wealth, Its also contributed by the Bill-Melinda foundation which has racked by billions of money, although for welfare.

[varunkohli.jim]

i feel good to listen an Indian at the top most position but friends........ i personally feel that Bill Gates would again retain the post much sooner.....
No matter with a strong product line and a vast and unrelated diversification reliance is there but i do think that Microsoft is a world leader and knows better the profit of giving at free....... as we all know the art of giving things at free is done by Microsoft from a long time in an efficient manner by which they are gaining profits by positive word of mouth publicity...... which reliance cannot do........ and by which microsoft is retaining their customers and gaining profits........
so Microsoft with Bill Gates would again be at Top

[achilleess]

I see two strong contenders in Bill Gates and Mukesh Ambani
Let me put in how I look at it.

Bill Gates-Is a very strong contender for staying in the top most position.What with countries like China opening up their economy and given Microsoft's deal making abilities with world governments soon we could be seeing a host of other countries opening up their doors to Microsoft.Microsoft also has a very strong base of human resources which is very likely to come up with more wealth in the form of intellectual property.

Mukesh Ambani-I feel he is a strong contender not because of the market capitalization-which might not be sustainable as it is very heavily dependant on the FIIs -but because of the spate of diversification activities being taken up by him.Reliance under Mukesh has very high reserves of money which could be easily put into different sectors which would easily see him as the market leader in all those sectors creating a monopoly.

:SugarwareZ-296:

[anant1a]

Bill Gates will surely retain his postiton back

[Richasaraf]

Hi Freinds
The way our Indian economy growing no doubt it is going to Mukesh Ambani who is going to retain this title for world richest person.His personal ambitoins to become the richest person have finally come true and the way he is driving our markets crazy with his thrive to become the richest person has been phenomenal.He has craziness has lead to increament of his wealth four folds in past 6 months. So no doubt it is going to be him ...

[mani_29rocks]

certainly The TAj of "worlds richest man is not gonna stay wit a single person for long!!' MICROSOFT is gettin stagnated..... mukesh ambani rides high on the stock...
uncertainty n unpredictability is the word today as Mr bill gates or brin-page pair of google just came up fm nowhere likewz any person can don in the new HAT!!!:SugarwareZ-064:
but anyways how does it matters so much.......the mullah collected is of no use if not put 2 good work!! well atleast bill gates is into some serious charity work!!:SugarwareZ-299:

[divyavys]

i think indians r goin to rock d list as long as market keeps booming

[divyavys]

bt after sm time market will crash down

[AwesomeBiceps]

i think the stock market rally will soon slow down and mittal will takeover the position
Voila! We have a winner.

[mmahmud]

it happens already...mittal is richer than mukesh already..

[kkunal_98]

i think mukesh ambani will be the one

[born2rule]

vijay mallya can b.....
good liquor business and aviation+
part of politics....

[divyavr]

If everyone was rich, the need for money wouldn't exist.

There will always be some cry baby sitting there on his uneducated behind, polishing shoes and crying he is poor and thats a global issue.

Whether the govt has done something for the poor is a different discussion altogether.

Right now its rejoicing for the common man or the person who has invested in the stock markets. For the unemployed because an image correction like this for India means more employment opportunities, cheaper services and better standard of living.

May India create more such billionaires.
to add to what you have to say.....

you are what you wish to be.....

the tatas, ambanis or anybody else hasn't got richer by sitting on their backsides.....you maybe born rich but to stay rich anybody and everybody has to slog and in as much as we condemn the rich for getting richer nobody can blame them for their success...cos THEY WORK REAL HARD.


if gates and d.ambani cud make it to the top on their own, i think nobody prevents the common man from making it to the top. and the government is a regulatory body not a godfather that is supposed to look after a billion kids!!!!

its about time we Indians realise that life is about getting out there and fighting for what you want not sitting at the fence and crib about injustice and disparity BECAUSE YOU CREATED THE DIFFERENCE BY OPTING OUT OF THE FIELD!!!



I THINK M.AMBANI HAS THE RIGHT IDEA!!! i give him the thumbs up

[ross18]

Lets see Even if one adds what Mukesh Ambani holds directly in his flagship Reliance Industries as well as through RIL in IPCL, Reliance Petroleum and Reliance Infrastructure, his personal wealth works out to about $58 billion (around Rs 2,27,690 crore).

But Several marketmen, however, argue that since Mukesh does not directly hold any shares in the three companies, his personal net worth should be calculated only on the basis of what he owns in RIL. This logic assumes that the value of the three companies is already imputed in the current price of RIL’s shares.

By that yardstick, his wealth will be $46 billion - still making him one of the richest men in the world.

But as the stock markets are not showin any signs of recession and they are just going on gaining and gaining then it would surely be that we would have more and more no of Millionaires at the top of the world...

Lets see, Also because of this boom in the financial markets God Knows if a New name tomorrow will emerge as the World's Richest Man !!!

As nothing is impossible today...

Take Care...

[kartik]

God Knows if a New name tomorrow will emerge as the World's Richest Man !!

Time for a Management Paradise IPO i guess ?? ;)

[born2rule]

ross has mentioned xlnt facts...
just trying to add somthing here...
recently read tht mukesh ambani is making investments in petroleum projects...thereby diversifying his business entry into gulf country(dubai)..
so,,now mukesh is expanding his business into other countries which will give him good returns...earning a good lumpsum foreign exchange...