Mukesh Ambani becomes world 4th richest man
In terms of market cap, there is continuous good news for the country’s largest company Reliance Industries and its chairman Mukesh Ambani. Recently, Reliance Industries was declared the second largest oil brand in the world, while Mukesh Ambani has now become the fourth richest person.
$ 80.6 billion in assets
According to the real-time net worth of Bloomberg Billionaires Index, Mukesh Ambani is at fourth position with assets of $ 80.6 billion (about Rs 6.03 lakh crore). In terms of property, Mukesh Ambani has now come close to Facebook founder Mark Zuckerberg ($ 102 billion). However, there is still a significant difference in the assets of the two.
Tech giants ahead of Mukesh Ambani
The founder of Facebook Mark Zuckerberg is ahead of Mukesh Ambani. Mark is currently the third richest man. At the same time, Bill Gates, co-founder of Microsoft, is at the second place, while Amazon CEO Jeff Bezos is at the first place. In the latest rankings, Mukesh Ambani has surpassed LVMH’s Bernard Arnold & Family. Bernard Arnold is ranked 5th while Warren Buffett of Berkshire Hathaway is in sixth place.
The Bloomberg Billionaires Index estimates real-time wealth of billionaires. These figures are not permanent, due to the fluctuations of the stock market around the world, changes are happening.
Consistent success
There are many reasons for increase in wealth of Mukesh Ambani. Reliance Jio is getting continuous investment globally. At the same time, the market cap of Reliance Industries is also continuously increasing. When the company’s share price crosses Rs 2100, then the market cap also crossed 14 lakh crores. It is the first Indian company to achieve this milestone. Reliance Industries has already become net debt free many months ahead of schedule.
