Mukesh Ambani Quotes

Gujarat is my home state, welcome to the land of Krishna, Gandhi, Sardar & now it's Narendrabhai

Not long afterwards it all broke out into the open. The spark was an entirely random and unrelated event. At a big function on the evening of 17 November 2004 attended by the ‘cream of corporate captains’ in Mumbai, Mukesh had introduced a talk on ‘Unlocking Innovation’ by the visiting chief executive of Microsoft, Steve Ballmer, who had been a classmate at Stanford University’s School of Business.

Under Narendra Modi, the rich have become richer, and inequalities have increased. A 2018 Oxfam report revealed that 10 percent of the richest Indians garnered 77.4 percent of the nation’s wealth (against 73 percent the year before)119 and that 58 percent of it was in the hands of India’s “1 percent” (while the world average is 50 percent). The earnings made by this handful of people in 2017 were equal to India’s budget for that year. Also in 2017, the fortune of India’s 100 richest tycoons leaped by 26 percent. The richest of them all, Mukesh Ambani, increased his wealth by 67 percent, according to Forbes India120—a publication, moreover, that belongs to this billionaire. Ambani’s fortune again rose by 24 percent in 2018.121 Going slightly beyond the 100 richest, the IIFL Wealth Hurun India Rich List identified the 953 richest Indian families and gave figures showing that their fortune represented more than 26 percent of the country’s GDP122—which meant that if a tax rate of 4 percent was applied to the nation’s 953 richest families, it would give the government the equivalent of 1 percent of India’s GDP.123 According to Crédit Suisse, the number of dollar millionaires in India jumped from 34,000 in 2000 to 759,000 in 2019,124 which means that the country has one of “the world’s fastest-growing population of millionaires.”125 The average wealth level of these millionaires increased by 74 percent over this period.

NDTV was attracting several investors during the UPA regime. Mukesh Ambani and Naveen Jindal’s father in law’s Oswal Group were funding NDTV. Niira Radia tapes tell us that she brought Mukesh Ambani to NDTV. One must remember that these were the days of 2G, Coal, Krishna Godavari (KG) Basin scams[8] under the leadership of Sonia Gandhi. NDTV was accepting money from all the culprits in the scams. Now it is found that NDTV even had a money trail of $40 million from Malaysia’s Maxis Group which was illegally allowed to take over Aircel mobile phone operator by Sonia Gandhi’s Finance Minister P Chidambaram in 2006[9]