Business

Mukesh Ambani now fifth richest billionaire globally, pips Elon Musk, Steve Ballmer

With a net worth of $77.3 billion, Mukesh Ambani is also the only Asian to feature in the top 10 in Forbes' Real Time Billionaires List, placed after Mark Zuckerberg

FP Trending July 23, 2020 19:59:28 IST

With a net worth of $77.3 billion, Mukesh Ambani has become the fifth richest man in the world, as per the Forbes' Real Time Billionaires List. The chairman of Reliance Industries Limited (RIL) has left moguls like Elon Musk, Steve Ballmer and Larry Page behind.

Ambani is also the only Asian person to feature in the top 10, placed just after Mark Zuckerberg who has a net worth of $88.3 billion and stands at number 4. Ambani managed to leave Warren Buffett, CEO of Berkshire Hathaway, behind at the sixth spot. This came after RIL gained over a percent by hitting Rs 2,010 per share on the BSE on 22 July (Wednesday).

This is Ambani's highest position till date on the Forbes' list. According to a report by YourStory, Ambani has added $15.6 billion to his personal wealth this year itself. His RIL has been doing exceptionally well even amid the pandemic. The report added that the direct foreign investment of $20.4 billion in RIL's digital arm Jio Platforms has boosted their account.

Jeff Bezos of Amazon stands tall at the first spot with a net worth of $183.7 billion. He is followed by Microsoft's Bill Gates ($113.8 billion net worth) and luxry goods company LVMH's Bernard Arnault and family ($112 billion) at the second and third spot, respectively.

Elon Musk has come in the seventh spot with a net worth of $72.4 billion. Larry Ellison, Steve Ballmer and Larry Page are at the 8th, 9th and 10th spots. All of them hail from the United States. In fact, eight out of the ten industrialists featured in the list come from the US.

Reliance Industries Ltd is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

Updated Date: July 23, 2020 19:59:28 IST

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

Most Read

Most Read

also read

India

Route Mobile IPO: How to check your allotment status on bseindia.com

The Mumbai-based cloud communications service provider is exepcted to be listed on the exchanges on 21 September with a final issue price of Rs 350 per share

Entertainment

Leonardo DiCaprio, Katy Perry, Kim Kardashian swear off Instagram — All You Need to Know about #StopHateForProfit campaign

Multiple global celebrities froze their accounts on Facebook and Instagram for a 24-hour period as a sign of protest against Facebook’s role in the spread of misinformation and hate speech.

science

DarkSats ain't dark enough: SpaceX Starlink satellites continue to ruin it for astronomers

SpaceX's megaconstellation also sets a precedent for other companies to follow suit with their own, without considering the needs of the astronomy community, say experts.