Mukesh Ambani eclipses richest European to become world’s No. 4
By Blake Schmidt
Mukesh Ambani has surged past Europe’s wealthiest man, making him the world’s fourth-richest person.
Reliance Industries Ltd.’s chairman is now worth $80.6 billion, after ssing $22 billion this year, according to the Bloomberg Billionaires Index. That gives him a bigger wealth pile than France’s Bernard Arnault, whose LVMH Moet Hennessy Louis Vuitton SE has suffered from customers curbing high-end fashion purchases faster than the company can cut costs.
India’s richest person has already surpassed some of the biggest tycoons in recent weeks -- a list that includes Silicon Valley titans such as Elon Musk and Alphabet Inc. co-founders Sergey Brin and Larry Page, as well as the so-called Oracle of Omaha himself, Warren Buffett.
While the conglomerate with a huge energy empire was s mmed by a slump in demand for oil amid Covid-19, its shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.
Ambani has slowly been shifting his focus to e-commerce, with tech giants seeking to take a piece of India’s fast-growing digital business. Google said last month it will spend $10 billion in the coming years to help accelerate the adoption of digital technologies in the world’s second-most populous nation.
Meanwhile, with LVMH shares down this year, Arnault has become the biggest loser among the world’s 500 richest people. His net worth has plunged $25.1 billion to $80.2 billion.
Rise of Mukesh Ambani when the whole world is facing difficulty to survive because of the spread of CHINESE VIRUS since feb.2020 must inspire the entrepreneur in develo nations.
the day will come when he matches with zon apple google face book etc . who knows he will be number one also . everything depends on RIL share price. god s gift for our indian.
let him spend 10 % of his networth for poor people by creating several welfare genuine trust. long live mukeshji.
Great to hear such news. He is an Indian pride. He desereves congratulations and appreciation. But our country still have very low Tax to GDP Ratio. So, we Indians have to walk a lot.
Ambani - the guy LOOTED Natural GAS worth 10000 Crore from the ONGC wells.. Modi ji saved him... There are many such in dents of manipulations- so the public respect is very less for him.. KARMA.
Mukesh Ambani , has made internet ch for billion Indians , and this is service to nation
VERY GOOD. BEING A SHAREHOLDER OF RIL IS PROUD
this is the man dumped rpl shares worth 4000 crores in 2008 in open market for profiting as an insider trader and escaped from sebi by po itical connections and fine.if it was in US he would be behind bars till now. the investors reposed fa th in rpl became paupers . fate will catch up with him in due course. these billioners make money by manipulation.
he should do more for the poor alongside growing his wealth for India being one of leading nations with economic disparities between rich and poor
hari krishna Johri
He may consider your suggestion after becoming No.1 richest man in the world. Chances are very high after Feku is reed after 2024.
Any thing which attract the world financial giants towards India should be cherished. Reliance is one of the biggest face of vibrant India.Good luck Mukeshji
To be direct Mukesh Ambani to direct his 95 % of his wealth today in a trust for the upliftment of the 400 million poor in India today.
Kudos to Mukesh Ambani. He leads the path to earn. Philanthropy for him can wait for 4 to 5 years on a big scary. Now it's time to earn and he will surely give when time comes.
Congratulations to Mukesh Ambani. Hard work to strategise for the organisation he controls. One need to learn from his stature, humungous skills and steadfastness that should inspire millions of people across India. For charity, Reliance is a silent worker, doesn't believe in crowing over, equal to magnanimity.
They work hard they get money and poor waste time on low cost internet and cry for their poverty..
BJP bhakths are Ambani fans also..
Modi's biggest achievement in the past 6 years.... He has 4 years more remaining to elevate Ambani to worlds number 1 rich..
This is a person who was not in top ð ¯... before Modi go nment.
wishing him to become number one. The kind of business empire he has made, he deserves
Obviously Ambani and Adani will Only GROW. INDIA and INDIANS Are Becoming Poorer. It Happens Only in India.
Kudos!!! You are showing true power of India and Indians to the world...
He already gives employment to more than 2 lac people and benefits to more than 1 crore shareholders... If he doesn't earn, all of them with their families will not have any roti to eat...
Purchase shares of Reliance and your wealth will also grow exactly the same percentage as Ambani's is growing...
He should spend US 10 billions for Covid-19 vaccine, but he will not do that.
He is a genius but gentleman with great business knowledge.