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.
