Mukesh Ambani is now 4th Richest Man in the World

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Mukesh Ambani is now 4th Richest Man in the World

Billionaire Mukesh Ambani has once again achieved another milestone. He is now world’s fourth richest man in the whole world. As per the Bloomberg Billionaire Index, Mukesh Ambani has attained 4th position after the names of Jess Bezos, Bill Gates, and Mark Zuckerberg. Ambani is the chairman of oil-to-telecom conglomerate Reliance Industries.

Reliance Industries is having now worth of $80.6 billion after adding $22 billion this year according to the Bloomberg Billionaire Index. Ambani has also surpassed Bernard Arnault, Warren Buffett, Steve Ballmer, Larry Page, Sergey Brin, Elon Musk and many more in his wealth creation race.

According to the Bloomberg Billionaire Index, the following list reveals the Top 10 Richest People in the World.

Here is the List of TOP 10 RICHEST PEOPLE IN THE WORLD 

THE RICHEST NET WORTH
JEFF BEZOS $187B
BILL GATES $121B
MARK ZUCKERBERG $102B
MUKESH AMBANI $80.6B
BERNARD ARNAULT $80.2B
WARREN BUFFETT $79.2B
STEVE BALLMER $76.4B
LARRY PAGE $71.3B
SERGEY BRIN $69.1B
ELON MUSK $68.7B

 

Since Ambani’s net worth has jumped drastically since last January 20, the shares of Reliance Industries (RI) have surged over 145% growth from a low value of Rs. 867.82 in March, 20 after the Facebook Company (Mark Zuckerberg) came on board. Google and Facebook have done billions of investment in Reliance Industries. Google is the second biggest foreign investor in Jio Platforms after the Facebook Investments.

Mukesh Ambani has once again proved wrong to his critics. During the outbreak of coronavirus pandemic, where most of the businesses have come to standstill, Ambani has accumulated immense wealth during the slowdown period. According to media reports, RIL was in advance stage of acquiring Kishore-Biyani-led Future Group’s retail and lifestyle businesses in an all-cash deal worth Rs. 24,000 to Rs. 27,000 crores. This is also the big reason of accelerating business growth of Mukesh Ambani’s net worth.

He has been shifting his focus towards digital world. He has been in talks with various business houses and tech giants to achieve other milestones in India’s fast-growing digital business. Even, Google declared last month that it would be spending $10 billion in the coming years to speed up the pace of adoption of digital technologies in the world’s second largest most populated nation.

However, Arnault has become world’s loser in the net worth among the world’s 500 richest people since his LVMH shares came down this year. His net worth has come down to $25.1 billion from $80.2 billion.