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Asia's richest man strikes big gas deal with BP |

Monday, 21 February 2011

Asia's richest man strikes big gas deal with BP | Reuters: "He is the richest man in Asia, chairman of India's biggest listed company, and lives in one of the largest and most expensive homes in the world.

On Monday, he struck a deal with BP that will see the British energy giant pump at least $7.2 billion into gas projects developed by his Reliance Industries in one of the country's largest foreign investments.

The blockbuster deal comes less than a year after Ambani won a gas pricing dispute with his younger brother Anil that went all the way to the Supreme Court, leading to the end of a long-running family feud that had captivated India.

At 53, Mukesh Ambani is the world's fourth richest man with a net worth estimated at $29 billion, according to Forbes."

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