Monday, July 14, 2008

Usha Mittal and Tina Ambani in Forbes ‘Wives of Billionaire’ list




New York: They are married to the wealthiest individuals in the world. But a few of them have etched out their own identity, with two Indians — Usha Mittal and Tina Ambani — making a cut in the latest ‘Wives of Billionaires’ list compiled by the U.S. business magazine Forbes.
Usha Mittal is the wife of the world’s fourth richest person and steel tycoon Lakshmi Mittal. Tina Ambani is married to sixth wealthiest person Anil Ambani, whose flagship firm Reliance Communications is currently in talks with South African telecom major MTN for a possible amalgamation. A famous wife
“Gaining membership to the billionaire wives’ club is no easy feat... so what does it take to marry one? ... For starters, looks are great — but brains are even better,” Forbes said in an article on its website.
About 53-year-old Tina Ambani, the magazine said that “being famous of your own accord is often a plus.” Prior to marrying Anil Ambani, Tina Munim was a famed Bollywood actress, it noted.
She made her name in the 1978 Hindi blockbuster Des Pardes and has starred in more than 30 films.
“Now her husband, Anil Ambani, ranked sixth-richest in the world in March, is reportedly in talks through one of his companies to become Steven Spielberg’s Dreamworks SKG’s principal financier.
“Patron of contemporary Indian art is mother of two sons,” it noted. Trusted by Mittal
At the same time, Usha Mittal, wife of the world’s fourth richest person and who has apparently worked in the steel business for 15 years, has clearly earned the trust of Lakshmi Mittal, Forbes said.
“Last year, his steel company, ArcelorMittal, passed a resolution that entrusted her with temporary responsibility of managing the world’s largest steel company if the managing board of directors is permanently absent or prevented from handling duties. She apparently worked in the steel business for 15 years, at one time reportedly running a plant in Indonesia.
“She is also the namesake of the Usha Mittal Institute of Technology, a university that promotes the women’s education in India,” the magazine added.
According to Forbes, Lakshmi Mittal’s personal fortune is worth $45 billion, whereas Anil Ambani’s net worth is pegged at $42 billion.
Hollywood celebrity director Steven Spielberg’s wife Kate Capshaw, Larry Ellison’s spouse Melanie Craft, Susan Dell, wife of Michael Dell, media baron Rupert Murdoch’s spouse Wendi Deng, Kenneth Griffin’s wife Anne Dias Griffin, Lucy Southworth who is married to search engine giant Google co-founder Larry Page and Barry Diller’s wife Diane Von Furstenburg are part of the list. Only three
Interestingly, wives of only three people among the world’s top 10 richest have made it to the list, which has a total ten such women. The third is Melinda Gates, wife of Bill Gates, the world’s third richest.
In March, Forbes had ranked legendary investor Warren Buffet the richest person with a fortune of $62 billion. He was followed by Mexican telecom tycoon Carlos Slim Helu with a net worth of $60 billion, while Bill Gates with $58 billion slipped to the third spot from the previous year’s top ranking.
Anil Ambani’s elder sibling Mukesh Ambani was ranked fifth richest in the world with a net worth of $43 billion.
Another Indian, K.P. Singh, the man behind realty major DLF, with a personal wealth of $30 billion, was ranked eighth.
Other members in the top ten league are retailer Ikea’s Ingvar Kampard at the seventh spot ($31 billion), Russian billionaire Oleg Deripaska ($28 billion) at the ninth and Germany’s Karl Albrecht at the tenth ($27 billion). — PTI

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