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Test # 112


1.
Suppose you have 5 billon dollars and you gave a $500 note every minute, how long would it take you to give away all your money?

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  • Dhirubhai Ambani

    Biography

    Born December 28, 1932
    Died July 6, 2002
    Achievements Dhiru Bhai Ambani built Indias largest private sector company. Created an equity cult in the Indian capital market. Reliance is the first Indian company to feature in Forbes 500 list
    Dhirubhai Ambani was the most enterprising Indian entrepreneur. His life journey is reminiscent of the rags to riches story. He is remembered as the one who rewrote Indian corporate history and built a truly global corporate group.
    Dhirubhai Ambani alias Dhirajlal Hirachand Ambani was born on December 28, 1932, at Chorwad, Gujarat, into a Modh family. His father was a school teacher. Dhirubhai Ambani started his entrepreneurial career by selling bhajias to pilgrims in Mount Girnar over the weekends.
    After doing his matriculation at the age of 16, Dhirubhai moved to Aden, Yemen. He worked there as a gas station attendant, and as a clerk in an oil company. He returned to India in 1958 with Rs 50,000 and set up a textile trading company.
    Assisted by his two sons, Mukesh and Anil, Dhiru Bhai Ambani built Indias largest private sector company, Reliance India Limited, from a scratch. Over time his business has diversified into a core specialisation in petrochemicals with additional interests in telecommunications, information technology, energy, power, retail, textiles, infrastructure services, capital markets, and logistics.Dhirubhai Ambani is credited with shaping Indias equity culture, attracting millions of retail investors in a market till then dominated by financial institutions. Dhirubhai revolutionised capital markets. From nothing, he generated billions of rupees in wealth for those who put their trust in his companies. His efforts helped create an equity cult in the Indian capital market. With innovative instruments like the convertible debenture, Reliance quickly became a favorite of the stock market in the 1980s.

    In 1992, Reliance became the first Indian company to raise money in global markets, its high credit taking in international markets limited only by Indias sovereign rating. Reliance also became the first Indian company to feature in Forbes 500 list.C8.Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). A poll conducted by The Times of India in 2000 voted him greatest creator of wealth in the century.Dhirubhai Ambani died on July 6, 2002, at Mumbai.Dhirajlal Hirachand Ambani, also known as Dhirubhai, 28 December1932, 6 July2002, was a Indianrags to riches business tycoon who founded Reliance Industries in Mumbai with his cousin. Ambani took his company (Reliance) public in 1977, and by 2007 the combined fortune of the family (sons Anil and Mukesh) was 60 billion dollars, making the Ambanis the richest family in the world.


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