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And now the world's richest man is ... Mukesh Ambani?

The Indian media are reporting that, only a few months after Mexico's Carlos Slim Helu passed up Bill Gates to become the richest man on earth, Slim has already lost that distinction. From The Economic Times:

Following a strong share price rally on in his three group companies, India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd, the net worth of Mukesh Ambani rose to $63.2 billion (Rs 2,49,108 crore).

In comparison, the net worth of both Gates and Slim is estimated to be slightly lower at around $62.29 billion each, with Slim leading among the two by a narrow margin.

Reliance is India's biggest private company, "with businesses in the energy and materials value chain." So what does Ambani's ascent to the top tell us?

1) Some people in India must have been running these numbers every few hours for months.

2) This global economy of ours is getting to be a very interesting place.

3) It's good to be in the energy business these days.

4) It's good to inherit the (bulk of the) family company.

5) The Indian stock market might be getting a little bubbly (although I'm going with the Greenspan rule here: we won't know if there's a bubble until it pops).

Update: Gotta share this about the house, if you can call it that, that Ambani is building in Mumbai. According to the Mumbai Mirror (and if you can't trust the Mumbai Mirror, who can you trust?), it will be 173.12 meters (568 feet) tall, with 27 very high-ceilinged storeys--six of them for parking.

Update 2: The Times of India--which, while we're getting into global superlatives here, is the world's biggest-circulation English-language broadsheet--reports that, if you want to be picky about it, Ambani may be worth a mere $46 billion.

现在世界上最富有的人是……Mukesh Ambani?

据印度媒体报道,仅仅在墨西哥人Carlos Slim Helu超过比尔.盖茨成为地球上最富有的人几个月后,他也迅速地被超越了。
The Economic Times
    随着Mukesh Ambani的三家印度最具价值公司Reliance工业, Reliance石油和Reliance工业基础有限公司股价的强劲上涨,他的个人净资产已经上升到632亿美元(合印度卢布2,491,080,000,000)。
    与之相比,比尔.盖茨和Slim的净资产据估计均略低于大约622.9亿美元,而Slim略微高于比尔.盖茨。

Reliance 是印度最大的私人公司,“公司业务主要为能源和材料。”Ambani的财富上升到世界第一告诉我们什么呢?

1、在过去的数月中在印度的一些人一定每隔数小时就分析一次这些数据。

2、我们的全球经济中正变得非常有趣。

3、近来能源领域非常吃香。

4、继承家族企业是件不错的事情。

5、印度股市也许有一点泡沫(尽管我还信仰格林斯潘法则:在泡沫破灭以前我们永远无法知道是不是有泡沫)。

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