India's richest man annouced he will voluntarily cap his compensation at 150 million rupees ($3.3 million) this year, saying Thursday that he will get by on about a third of his take-home pay from the previous year.
Mukesh Ambani's flagship company, Reliance Industries, said his decision reflects his "desire to set a personal example of moderation."
In 2008, he made 66 percent more, or 440.2 million rupees ($9.6 million), a drop in the bucket of his overall wealth, which Forbes magazine puts at $19.5 billion.
In March, Mukesh's younger brother, Anil, decided to forego all compensation this year, Tony Jesudasan, a spokesman for his group …
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