latter in an interview with the New York Times. Mukesh had accused his younger sibling of industrial espionage, of using an integrated network of lobbyists and spies in New Delhi to collect data about the vulnerabilities of the powerful, about the minutiae of bureaucrat’s schedules, about the activities of their competitors.” T e interview, carried in the infl uential New York
Times, infuriated Anil, who sued, and the 118 million pounds suit has brought their hostilities into the international arena. In recent months however, it seems like elder brother
Mukesh Ambani may be clinching his long held lead over his younger brother, with no reconciliation in sight. In May last year, India’s highest Court ruled in favour of the elder billionaire brother in the long running feud with Anil over their disputed gas price. T e Supreme Court ruling basically sets aside the discount price suggested in the Ambani family agreement brokered by the mother. T e victory for Mukesh’s Reliance Industries translates into billions of dollars worth of future profi ts. T e luck of the Rooster defi nitely appears to have outweighed that of the Boar. If the Forbes estimates of wealth are anything to go
by, Mukesh’s Reliance Industries last year now tops the list of India’s wealthiest. It has been named as India’s most valuable private company. Valued at US$32 billion, it is higher than Lakshmi Mittal’s steel wealth, which was valued at US$30 billion. Coming in at a distant third is Anil Ambani, whose net worth sadly lags behind at US$17.5 billion. For now at least, it seems that the recently built Sky
Palace will be a symbolic gesture of victory for Mukesh. But they are still young! With the luck of 2011 favouring the Boar over the Rooster, it would be interesting to see how the coming 12 months will play out for the brothers.
MUKESH AMBANI is the richer of the two, and more reclusive than his younger brother, but no less powerful. Mukesh has a Stanford MBA and is credited with initiating Reliance’s strategic moves into downward integration activities, which have brought that part of the company he inherited into the stratospheres. He started by moving into polyester fibers, and it was only a matter of time before he made forays into petrochemicals and petroleum refining; and then going into gas exploration and production. He also set up Reliance Communications, the world’s largest communications company. Mukesh Ambani thinks big; he thinks globally, and although based in India, his business initiatives span the world’s continents and markets.
ANIL AMBHANI is the financial genius in the family… he even sits on the Board of Overseers at Wharton School and is credited with having pioneered many financial innovations in India’s capital markets. He led India’s forays into international fundraising, offering creative financial instruments such as global deposit receipts, convertibles and bonds… Anil also has a leg into the movie business and recently went into JV with Steven Spielberg when the latter split from DREAMWORKS. His wife Tina Munim was an actress. They have two sons Anmol and Anshul. He drinks 6 litres of water a day and pilots his own helicopter. In 2009, he was voted the 3rd most powerful man in India.
What do you need to stay protected through 2011?
Pick up your FREE copy of “Cures & Enhancers for the year of the Metal Rabbit 2011” at any World of Feng Shui boutique. You can also read more on your Zodiac horoscope luck at
www.wofs.com or in Lillian Too + Jennifer Too’s Fortune & Feng Shui 2011.
24 FENGSHUIWORLD | JAN/FEB 2011
www.fswmag.com
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