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India is to provide a dedicated commando squad to protect its wealthiest man, Mukesh Ambani, amid fears that he may be targeted by terrorists.

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India’s Ministry of Home Affairs decided it would dispatch 26 or 27 members of its elite paramilitary Central Reserve Police Force to guard Mr Ambani at his $1 billion private skyscraper Antilia, which dominates the Mumbai skyline, after threats from the Indian Mujahideen terrorist group.

Mr. Ambani is India’s wealthiest man, the 22nd richest man in the world, with a personal fortune of $21.5 billion. He inherited control of India’s largest company from his father Dhirubhai, who had built it from humble beginnings in Aden where he worked as a petrol pump attendant. He is said to have made his first fortune by melting down Yemeni coins and selling them for their higher scrap value.

He later became known as the ’Polyester Prince’ after he created India’s largest man-made fibre company. Today Reliance Industries Limited dominates the country’s oil and gas industries, has major interests in telecommunications and the world’s largest oil refinery.