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On June 16, 1998, Dhirubhai Ambani became first Indian ever to be awarded the Wharton School Dean's Medal.

A galaxy of politicians and entrepreneurs attended the ceremony. Seen in the picture are former defence minister of India Mulayam Singh yadav (from the left), former Indian prime minister H D Deve Gowda, Dhirubhai's wife Kokilaben, Dhirubhai himself, and Thomas Gerrity, Dean of the Wharton School, University of Pennsylvania, United States.