Sunday, November 8, 2009, 6:18AM ET - U.S. Markets Closed.
World's Billionaires - #6
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Anil Ambani
India
$42.0 bil
- The year's biggest gainer, Anil Ambani, is up $23.8 billion in the past year and is closing gap with estranged brother, Mukesh, who ranks one spot ahead of him in the world at No. 5.
- 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.
- A marathon runner, his biggest asset is his 65% stake in telecom venture Reliance Communications.
- He recently raised $3 billion from the highly anticipated initial offering of his Reliance Power, the biggest in India's history. Despite the hype, the stock tumbled 17% immediately after its February listing. In a bid to appease investors, company's board recently approved the issue of bonus shares.
- Still feuding with brother Mukesh: battling him in court over a gas-supply agreement.
Rates
See today's average rates across the country.
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Loan Type Today Last Week 30 Year Fixed 5.13% 5.16% 15 Year Fixed 4.70% 4.60% 1 Year ARM 3.98% 4.00% 30 Year Fixed Jumbo 6.06% 6.10% 5/1 ARM 4.30% 4.26% 3/1 ARM 4.75% 4.80% Source: Bankrate -
Loan Type Today Last Week $30K Home Equity Loan 8.35% 8.39% $50K Home Equity Loan 8.36% 8.41% $75K Home Equity Loan 8.39% 8.44% $30K HELOC 5.24% 5.26% $50K HELOC 4.99% 5.00% $75K HELOC 4.99% 5.00% Source: Bankrate -
Loan Type Today Last Week 36 Month New Car Loan 6.90% 6.96% 48 Month New Car Loan 7.05% 7.12% 60 Month New Car Loan 7.11% 7.18% 36 Month Used Car Loan 7.39% 7.43% 48 Month Used Car Loan 7.50% 7.51% Source: Bankrate -
Card Type Today Last Week Business Credit Cards 9.69% 9.69% Low Interest Credit Cards 11.91% 11.91% Cash Back Credit Cards 12.36% 12.36% Reward Credit Cards 12.85% 12.85% Instant Approval Credit Cards 13.32% 13.32% Balance Transfer Credit Cards 13.46% 13.46% Source: CreditCards.com
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