Mukesh Ambani is world’s fifth-richest person with $77 billion fortune
For years, the world’s five richest people comprised a little-changed group dominated by Americans, a European or two and, occasionally, a Mexican.
That changed this week. India’s Mukesh Ambani overtook Steve Ballmer on Thursday to become the fifth-wealthiest person on the planet with with a net worth of $77.4 billion. On Friday, his wealth rose a further $3.5 billion, bringing him closer to Mark Zuckerberg.
The jump in ranking is just the latest milestone for Ambani, 63, whose fortune has surged by $22.3 billion since the beginning of the year.
The Reliance Industries Ltd. chairman has jumped nine places on the Bloomberg Billionaires Index since January as shares of his conglomerate have risen 145% from a low in March, buoyed by recent investments from firms including Facebook Inc., Silver Lake and BP Plc. Ambani’s dealmaking has helped make India a bright spot for M&A during an otherwise barren year, with Indian news channel ET Now reporting that Amazon.com Inc. is in early talks for a stake in Reliance’s retail division.
Ambani cracked the group of the 10 richest people just last month. Two weeks ago, he surpassed Warren Buffett, now ranked No. 6. He overtook Elon Musk and Google co-founders Sergey Brin and Larry Page days later.
The world’s second-wealthiest Asian is Tencent Holdings Ltd. co-founder Pony Ma, who currently ranks 18th. Billionaires from the region have outperformed their peers from elsewhere this year, with the exception of Australia and New Zealand, according to the Bloomberg index, a ranking of the world’s 500 richest people.
While Ambani’s rise has been remarkable, Amazon.com Inc. founder Jeff Bezos’s fortune has surged the most this year, adding $64 billion.
He has powerful people working for him who he pays real well, in ways that can not be detected as per laws made by this Govt in its first term/ it does not matter which Govt. is in power.
Nasir Ali Zaidi
Irony of the situation is that wealth creation of Mukesh Ambani personal assets has been phenomenal in first half of the year when the world economy is devastated by COVID...19.Just see money never sleeps.
what a change for India.. India has moved from SELF RELIANCE to Only RELIANCE for all technological advancements .. with Chinese coRONA now inflation will jump as informed circles are opining that Chines product finished product cost is lower than cost indian raw materila
Believe or not but he is the only reason for transforming India into a Digital India.Modi tries many thing for digital India but Ambani sir made it successful in one night.
Thank you so much Mukesh Ambani Sir
Reliance Foundation, helps various people in distress and till recently made maximum donation for Covid 19 pandemic for State Govt to purchase equipment etc. Mrs. Neeta Ambani, leads this foundation. She got the world highest award from world forum for her maximum contribution for Covid 19. Besides, they are helping various people in need thru their foundations for years. Besides, Reliance Fresh' thru their retail stores all over India sells quality vegetables high quality fresh -fruits, groceries etc at very low price !
Full credits to Mukesh Ambani for his great achievement.However
Mr Aneel Ambani has transferred all assets to his brother and taken all the debts blame himself. Great brotherly love indeed.
What is their contribution in the welfare of society and reduction in environmental pollution?
I guess India should not any corporation and any businesses. Government can do it all and people will buy whatever go nment tells them to buy.
Its ok to be jealous of somebody elses wealth, but putting them down is not ok. I am not suggesting Mukesh is a saint, but industrialists like him generate jobs, attract investment from external sources, contribute to the GDP, to taxes that pave the roads and build the Nations infrastructure. Have some respect.
Can Anil Ambanis debts be repaid to SBI. That will be good.
From now on I will use Reliance products only than any other, even other Indian ones. Lets us help him in reaching first position if possible . And I believe he is surely patriotic and will help India become stronger in future at high table,
Rich becomes richer and poor becomes poorer... Indian currency is getting devaluated , inflation remains high, deficit becoming larger, NPA and bad loans are increasing...
Praker - in case you have not noticed, Mukesh has taken money from the rich ABROAD and eliminated his debt to the Banks in India. Your complaint that rich become richer and poor become poorer is also misplaced.... industrialists like him generate more jobs that feed the employed and their families, while also enriching the state's coffers thru tax monies.
Sudip Kumar Lahiri
Good to know that one Indian stalwart businessman becomes world's fifth richest person
we are very glad to see the growth of Reliance chairman sri. mukesh ambani. since world richest person himeself wants to take a stake in retail business it is a good augury to move up and became in top three status
This RISE of Mukesh Ambani Sir is making 130 Cr INDIANS very PROUD and such achievement CAN be done ONLY by a FEW
RIL's performace is the best example of rising India. Hope for many more great Indians find place in the Rich's list. JAI HIND.
If it made others poorer then no good.
nothing to be proud of when millions live in poverty in our country. inequality at its fuc***g best.
Can they buy life with this money？Why this frenzy？