Mukesh Ambani outranks Elon Musk, Warren Buffett to become world’s 5th richest man
Billionaire Mukesh Ambani is now the fifth richest person in the world, according to the Billionaires List by business magazine Forbes. The chairman of oil-to-telecom conglomerate Reliance Industries surpassed ace American investor Warren Buffett to take the fifth spot on the real-time ranking by Forbes, which estimated Mr Ambani’s wealth at $75 billion (Rs 5.61 lakh crore at $1 = Rs 74.76). Mr Ambani is only next to Facebook co-founder and CEO Mark Zuckerberg, whose wealth is pegged at $89 billion.
With this Ambani has surpassed Berkshire Hathaway Chief Executive Officer Warren Buffett, and Tesla and SpaceX founder Elon Musk. Both of them have slipped in the latest ranking. Ambani has seen a spate of investments in the digital business arm, Reliance’s Jio Platforms, and shares of RIL have almost doubled since hitting a low in March.
The company received investments from the world’s largest firms such as Google, Facebook and Intel, as well as sovereign wealth funds from Abu Dhabi and Saudi Arabia, firms like KKR, Silver Lake Partners and more. The industrialist also stated that RIL had become “zero net debt” even before the target at the shareholder meeting in 2019.
Here is a list of top 10 richest people in the world:
1. Jeff Bezos
Amazon Chief Executive Officer Jeff Bezos is the richest person in the world, with a net worth of $185.8 billion (Rs 13.8 lakh crore). Early this week on Monday, the Bloomberg Billionaires Index has put Bezos’ estimated net worth at $189.3 billion. Bezos, witnessed the highest one-day spike in his net worth after Amazon stock surged during the day.
2. Bill Gates
Microsoft founder Bill Gates holds the second position with $113.1 billion (Rs 8.43 lakh crore) of net worth.
3. Louis Vuitton SE Chairperson Bernard Arnault
The third position is occupied by Louis Vuitton SE Chairperson Bernard Arnault and his family, with a net worth of $112 billion (Rs 8.38 lakh crore).
4. Facebook CEO Mark Zuckerberg
The youngest Facebook CEO Mark Zuckerberg retains the fourth slot with a fortune of $89 billion (Rs 6.66 lakh crore).
Other business leaders in the list are followed by Larry Ellison, Oracle (sixth) Elon Musk, Spacex, (seventh) Warren Buffet, Berkshire Hathaway, (eight) Steve Ballmer, Microsoft, (ninth) Larry Page, Google (10th).
