In one of the most extravagant events the country has seen in recent times, the highly anticipated wedding of Anant Ambani and Radhika Merchant has commenced after several months of festivities
Reports suggest that Mukesh Ambani has spent a staggering ₹5,000 crore on the celebration, causing a flurry of reactions on social media over its opulence.
While many were captivated by the lavishness of the Ambani wedding, some criticized India’s wealthiest family for the excessive expenditure.
The wedding drew some of the world’s wealthiest and most famous individuals, including Microsoft co-founder Bill Gates, Meta Platforms co-founder Mark Zuckerberg, former U.K. Prime Minister Tony Blair, and U.S. Ambassador to India Eric Garcetti, among others.
In addition to Bollywood celebrities, Hollywood stars and music icons also attended the event. Notable attendees included Nick Jonas and Priyanka Chopra Jonas, Rihanna, Justin Bieber, Drake, and John Cena.
The extravagant event, reportedly costing ₹5,000 crore, amounts to just 0.5% of Mukesh Ambani’s net worth, making the expense relatively insignificant for India’s richest person.
The Scale of the Ambani Wedding Expenditure
Hosting 10 Oscars
The cost of hosting an Oscars ceremony is estimated at $57 million. With ₹5,000 crore, Ambani could host 10 Oscars and still have funds left over.
Three Boeing 787 Dreamliners
A Boeing 787-8 Dreamliner costs around $212 million. At current exchange rates, ₹5,000 crore equates to approximately $600 million, enough to buy three Boeing 787-8 Dreamliners with some extra expenditure.
Acquiring a Cement Manufacturer
Sanghi Industries, a cement manufacturer, was acquired by the Adani Group for an enterprise value of ₹5,000 crore. The amount spent on the Anant-Radhika wedding could have funded a similar acquisition.
Six Months of Cosmetic Purchases by Indians
According to Kantar Worldpanel, Indians spent around ₹5,000 crore on cosmetics over six months in 2023. The wedding’s cost could have covered this expenditure entirely.
Funding India AI Mission to Buy Nvidia GPUs
The Indian government plans to spend at least ₹5,000 crore under the India AI Mission to purchase Nvidia GPUs, aimed at providing subsidized computing power to startups in the country.
These comparisons put into perspective the scale of the wedding’s expenditure and its relative impact on various sectors.
With inputs from Agency
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