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Mukesh Ambani, Asia's Richest Man, Signs Huge Deal With BP
Mukesh Ambani does not do small. He is the richest man in Asia, chairman of India's biggest listed company, and lives in one of the largest and most expensive homes in the world. On Monday, he struck a deal with BP that will see the British energy giant pump at least $7.2 billion into gas projects developed by his Reliance Industries in one of the country's largest foreign investments.
The blockbuster deal comes less than a year after Ambani won a gas pricing dispute with his younger brother Anil that went all the way to the Supreme Court, leading to the end of a long-running family feud that had captivated India. At 53, Mukesh Ambani is the world's fourth richest man with a net worth estimated at $29 billion, according to Forbes. The older son of Reliance Industries founder Dhirubhai Ambani, a schoolteacher's son whose rise inspired a Bollywood film, Mukesh is known to be soft-spoken, a vegetarian and a teetotaller, and keeps a lower public profile than his brother.
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