Media reports say that India’s richest man Mukesh Ambani spent on his daughter’s wedding anything between ₹100 crore and ₹700 crore. Mukesh Ambani’s net worth, according to Forbes, is $47.3 billion, or ₹3.4 trillion at current exchange rates. Though estimates vary, a conservative number of ₹4 crore spent on their wedding is about 2% of their annual earning. Though the range seems to be between ₹20 lakh and ₹5-8 crore, let’s stay with a “conservative” ₹30 lakh wedding. Take an average net worth number of ₹4 crore, and they spend 7.5% of their net worth on their children’s wedding party.

Source: Mint December 19, 2018 03:56 UTC