A terrific example of rags to riches is of the owners of the Reliance Industries. The two men have been able to establish such a huge connection of business interests for themselves that it is hard to guess what their limit might be.

They have come out in public to reveal about one of their greatest business strategies, Partnerships. This is one way in which any business could flourish. The key is to get involved in a number of endeavors, rather than a core group, keep buying small shares from a number of firms.

"With this the risk of the business gets divided and the possibility for profit increases. We are gearing up for the next phase of growth through a combination of our own initiatives and forging new partnerships with leading companies", RIL Chairman Mukesh Ambani said in his letter to shareholders, which forms a part of the company's 2010-11 annual report.

They have so many collaborative ventures they have put their money and trust in, all over the world.

This strategy has already won them a number of accolades and is sure to help them grow in the future as well.