His wife, mother and three children will live there with him, looked after by 600 live-in staff.
Construction has already started on what will eventually be a 175m tower and planners are aiming to complete it in September 2008.
Earlier this year, Forbes rated Mr Ambani as the richest resident Indian with a net worth of US$20.1 billion.
He came 14th in Forbes’ 2007 worldwide rankings.
Currently he is chairman of petroleum major Reliance Industries Ltd, India’s largest private sector company
The building, already worth £500 million, could start a rush on skyscrapers.[Dailymail]
{ 13 comments… read them below or add one }
Being a civil engineer, I didnt like the looks…
Lets wait and see how it turns up. I guess it will become some wonder in India. Is this in Mumbai?
Once completed it should be one of the best known buildings in India.
How many hungry children in India,will be feed with that money
if he has extra money he shud feed the poor
Man, why can’t we get out of our communist mentalities??? Whatever he is doing is from his own money.
We better focus on our efforts to see if we can create that much of wealth in 1.5 generations.
VP,
Yes its his own money but what about resources that are being wasted? why do they need 300 supporting staff for 10-15 members of his family?
Come on Sharique,
Thats his own money again. And after all, he is generating some employment. The money which would otherwise be kept under iron chests, will start circulating. Those 300 supporting staff are in turn going to support the shops nearby by purchasing their life-essentials - groceries, transportation, simple things like a chai-kitli etc. A chai vendor can survive selling tea to 300 clients.
VP, you are perfectly correct as far as economic impact is concerned. My objection was on this lavish display of wealth. What right does he have to live in a 60 storeyed building when other don’t even have a roof over their heads. Forget a common Indian, consider the people who work in Reliance. The working conditions are pathetic, salary a pittance and above all the work load extreme.
Saying all these I understand that he has right over his money.
Dear Mr.Mukhesh,
You are a real man in the world
GOD always bless you
Unlike the Ultra-Corrupt politicians, who usually hide their money in Swiss Bank and prefer Dhoti-Kurta to fool common Indians, Mukesh Ambani isn’t shy to display his wealth, he pays taxes for it, brings employment through his industries, n profits to his Share holders, so people stop that Neo-Communist attitude of “distributing wealth to poor”,heck, he isn’t Demi-God, stop been jealous of his wealth.
And I’m not a Reliance Employee nor a Share-Holder…
Leave a Comment