Mukesh Ambani Beats Warren Buffet To Become World’s 7th Richest Person; Becomes Asia’s Richest Person!
Mukesh Ambani, Reliance Chairman is steadily rising among the top billionaires of the world.
With so much commotion going around, not just in the market but also among the business surroundings, Ambani has now climbed up the list of billionaires, beating the stock legend Warren Buffett, in the race.
Yes, Ambani now makes it in the top 10 richest billionaires in the world, beating Buffet to hold the 8th position, with a net worth of $68.3 billion.
Mukesh Ambani: 7th Richest Man
The year 2020, or at least the half of the year has been nothing short of a rollercoaster ride for Mukesh Ambani’s Reliance Industries Ltd.
We will talk more about it later in the article.
What you must know right now, is the fact that Mukesh Ambani is no longer just the richest man in India but now has jumped in the top 10 billionaires’ list of the world.
This being said, Ambani is the only Asian tycoon in the exclusive club of the world’s top 10 richest people last month.
Surpassing Buffett’s $67.9 billion wealth on Thursday, Mukesh Ambani is now worth $68.3 billion.
Though this is the number portrayed by Bloomberg, the real time data provided by Forbes shows his net worth to be $70.1 billion.
Major Activities Reliance was Involved in, Leading to Value Surge
Clearly, RIL has not been idle.
It is in fact, Ambani’s latest deal with petroleum giant BP, worth $1 billion which has been the main reason for the tycoon’s latest jump in rankings.
In fact, there are a lot of factors contributing to his surge in wealth.
Speaking of which, we have to mention the 25% zoom in Reliance share price since the start of 2020, despite the sensex having taken a hit due to the coronavirus pandemic.
This means the conglomerate
spiked up by nearly $16.5 billion in the value, just this year.
RIL’s share prices have more than doubled, after hitting a low in March of this year, due to over $15 billion investments received by the company, from companies like Facebook and Silver Lake.