Meet man who pays whopping rent of Rs 40 lakhs monthly to Mukesh Ambani, is still richer than him, he is...

Mukesh Ambani is India's wealthiest industrialist and chairman of Reliance Industries, often the embodiment of unmatchable wealth and power. One of the tenancies in his high-end Jio World Plaza belongs to someone whose wealth overshadows even the colossal net worth of Ambani. This is none other than Bernard Arnault, the visionary who has transformed LVMH Moët Hennessy Louis Vuitton into the world's most valuable luxury group.

Bernard Arnault - a titan in the global luxury market - has put together a business empire that talks of opulence. With net worth of about $168.8 billion, Arnault and his family run way ahead with Ambani with a net of $94.9 billion, notes Forbes. For instance, this company, LVMH is home to Louis Vuitton, Tiffany & Co., Dior, and many more.

Although Arnault himself isn't directly connected to the lease, one of his crown jewels, Louis Vuitton, has made a significant mark in India by securing 7,465 square feet of retail space at Jio World Plaza in Mumbai’s Bandra-Kurla Complex. The reported monthly rent? A jaw-dropping ₹40.5 lakh ($48,600).

Jio World Plaza has become the destination for high-end retail in India overnight. Global names under Arnault's LVMH portfolio and beyond are drawn to its prestige. Louis Vuitton's presence is complemented by the launch of Balenciaga's first store in India, which occupies another prime spot in the mall, reportedly at ₹40 lakh ($48,000) per month.

This high-end shopping destination is redefining luxury in the Indian market, attracting elite global brands seeking to expand their presence in one of the world’s fastest-growing economies. Ambani’s vision for Jio World Plaza as a luxury hub aligns seamlessly with the ambitions of international icons like Arnault, creating a confluence of Indian enterprise and global opulence.