Wednesday, February 8, 2017

Today I posted Dhirubhai Ambani on youtube

Here is the link

https://www.youtube.com/watch?v=yDf1sQCSeFY


He was born in the fishing village of Chorvad, in Gujarat India





A high school dropout, he started work as a Gas Station Attendant in Aden, Yemen



Then he became the richest man in India, when he died in 2002.

In 1966, he founded Reliance with a few hundred Ruples

He founded Reliance, the first Indian company to join Global 500.


On the way, he also made millionaires out of thousands of Indian Middle Class Investors.  Here is a picture of Dhirubhai Ambani speaking in front of his shareholders.




I learned many things, one of the most important was in the 1980s, Import License were worth their weight in gold.   Here is an import license
With the Import License, you could make profit as high as 300% to 700%.
It really amount to a monopoly.


 Nevertheless, Dhirubhai Ambani is an Upfront and Honest Man.    He said what he meant and he built one of the world's largest oil refinery in Jamnagar India.  The complex is about 11 square miles.  A dream he hold as a gas station attendant while in Aden as a teenager.


His dream was India becoming a great economic superpower.  He proved it can be done.



Dhirubhai Ambani is a Nation Building Self-made Billionaires (others are Benjamin Franklin, Chung Ju-Yung of South Korea)






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