Mukesh Ambani Joins Club of World’s 10 Richest People

Mukesh Ambani, Reliance Industries Chairman and Asia’s richest person, has entered the world’s top 10 billionaires’ club for the first time. His net worth jumped $5.3 billion to $64.6 billion (or Rs 4.9 lakh crore).

Reliance’s Rs 1.69 lakh crore fundraise (through funding in Jio Platforms and a rights issue) in the last two months, its stock has increased 6.5 percent. The petroleum-to-telecom conglomerate is now valued at $88 billion, and is net debt-free.

Mr Ambani overtook Larry Ellison of Oracle Corp. and France’s Francoise Bettencourt Meyers, the wealthiest woman, to reach the No. 9 position.

Founder of Amazon Jeff Bezos leads the list of billionaires with a net worth of $160.1 billion. He’s followed by Microsoft Founder Bill Gates ($108.6 billion), LVMH Chairman and CEO Bernard Arnault ($102.8 billion), Facebook CEO Mark Zuckerberg ($87.9 billion), Berkshire Hathaway Chairman Warren Buffett ($71.4 billion), and others.

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