Used in India particularly, needs no definition as everyone in India knows the Ambanis as the richest family in India.
It is used to mention someone who is super rich or acts like a rich person. It can be used to mention your friend who is a show-off or just better off than you.
Rohan- Hey Raj, I bought two new flats in Pali Hills.
Raj- Ohh nice, Ambani, Give me a treat!!
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