#44 Mukesh Ambani
Chairman
Reliance Industries Limited
India
Age: 52
Personal net worth of $19.5 billion makes him seventh-richest man in the world. Oversees Reliance Industries, India's most valuable company by market cap, despite stock falling 40% in past year. Inherited business from late father, but infamous scuffle with brother Anil led to split of assets. Anil controls financial services, mobile phones; Mukesh's influence more widespread. Has hand in oil exploration, refining, textile manufacturing. Thanks to regulations barring big box retailers from India, Mukesh's Reliance Retail is snapping up large share of organized retail market; connecting Indian farmers to supermarkets, hastening delivery of fresh dairy, produce. Uphill battle ahead: Wal-Mart lobbying Prime Minister Singh to allow foreign investment in multi-brand retail. Meanwhile, on the home front: busy building world's first $1 billion home.
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