Mukesh Ambani is World's Richest

Mukesh Ambani is World's Richest
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Proof: Facts, Analysis and Arguments

Fact: Oil boom!

The money is in refining. Mukesh is ... howusay ... the most refined man in the world ... hehe. . Mukesh moving into approx. 70 storey, 20 floor, worlds most expensive home in aamchi Mumbai. Elsewhere, his buddy Mike Khudorovsky, the only other that much refined ... and 'gora' ... is in Russian jail. Further, the Ambanis's know how to live eith the 100 Pound gorilla, ... the almighty Imperial Govt. of India, ... the biggest oil player in India and the natural successor to the East India Co. when it comes to monopoly mercantilism. I say that's where most of Mukesh's refining is going on ... refining the Almighty Imperial Govt. of India and it's policy dept.

The Ambani's used India's elite socialism to step-by-step move into the oil business. Mgmt. of govt. policy was key skill.

Keen Gujju (Baniya yes ... is Ambani Marwari, anybody know?) mind knew when to cut losses and run. Mukesh shuts out of oil retailing w/o touching his network this yr. Oil price ups. Govt. PSU oil retail Co.'s get suckered. They also play the game of managing govt. policy. Oil prices up. My guess: Mukesh to re-open, this time with oil and ... GAS ... hehe!

Historically, Govt.'s policy was to build capacity in refining a la Singapore. Given India wsa one of a handfull of places where oil biz got a start some 100 or more yrs. ago, lot of guys around know what to do with crude. For generations. Science, technology and expertise plenty of crude available in the region. Mukesh lures PSU experts in refining ... and as said earlier, ... is the most 'refined' ... India ... and specially Mukesh's Reliance, is now among world's biggest export led refinery products co. And is starting ops from his new, world's biggest, refinery next to his other, among the biggest refinery's in Jamnagar. Also billing rate (read refining margins) best in the world, better than even Singapore.

Govt.'s professed policy was to promote gas for past 25 yrs. Ambanis are among the top big gas players in the region, sales start this yr. , 2008. Mukesh alone to supply double India's current needs. Future for gas generally looking like triple-quad play in nest 3-5 yrs. yr.-on-yr. for major players, including Reliance.
Given that the $'s rise and fall and the Re.'s rise may dent some of Mukesh's Billions, but then look what he's up against ... Carlos Salim ooops ... 'Slim' Helu, Warren Buffet, Bill Gates, Lakshmi Mittal ...

Brother Salim of course makes his money from all those Mexican 'peisanos' in the US calling Mamma. Buffet sells the same 'peisanos' McDonald's burgers and that's his 2 cents worth, helluva of lot of them cents. And old friend Bill's simply been on top for too long ... plus makes his bucks from Windows ... that's a pretty saturated and static market. Note: All in US $'s. Mittal made his bags of riches from scrap, ... steel scrap ... and by letting Indian SAIL Co. socialist executives having a go at Commie steel plants. By setting prices, he's raking it it but slower than aapro Mukesh-bhai.

So sorry Anil-bhayya. Telecom, Salim beat you to the top ... but energy will payback many yrs. from now. One can go for Buffet seat, he's got to go sometime ... everybody's got to go one day no ... so sorry Buffet Uncle?

What are the odds, ... I says Mukesh-bhai ...

Q.E.D
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Pavan C. Joshi