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World's Billionaires - #5

Wednesday, March 5, 2008provided by

© AP Photo

Mukesh Ambani
India
$43.0 bil

• Asia's richest resident heads petrochemicals giant Reliance Industries, India's most valuable company by market cap.
• His fortune is up $22.9 billion since last year, making him the world's second-biggest gainer in terms of dollars. The biggest gainer was his estranged brother Anil, who ranks sixth in the world, just behind his older brother.
• The sons inherited their fortune from their late father, renowned industrialist Dhirubhai Ambani.  But they couldn't get along, and in 2005 their mother brokered a peace settlement breaking up the family's assets.
• Mukesh is using some of his money to build a 27-story home.

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• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	5.34%	5.46%
  15 Year Fixed	4.86%	4.86%
  1 Year ARM	4.07%	4.04%
  30 Year Fixed Jumbo	6.51%	6.51%
  5/1 ARM	4.56%	4.79%
  3/1 ARM	5.39%	5.18%

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  Loan Type	Today	Last Week
  $30K Home Equity Loan	8.37%	8.34%
  $50K Home Equity Loan	8.23%	8.20%
  $75K Home Equity Loan	8.22%	8.18%
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  $50K HELOC	4.80%	4.78%
  $75K HELOC	4.80%	4.79%

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  6 month CD	1.38%	1.37%
  1 year CD	1.73%	1.78%
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  $10K MMA	1.28%	1.30%
  $25K MMA	1.51%	1.53%

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  48 Month Used Car Loan	7.89%	7.90%

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