Here comes an enormous accomplishment for Mukesh Ambani and Reliance Industries. Mukesh is now World’s 5th richest man after swelling past Warren Buffet, according to Forbes magazine.
The 63-year-old is now worth 74.6 billion, outweighing Berkshire Hathaway’s chief executive Buffett’s 72.7 billion, according to the Forbes billionaires list.
Mukesh Ambani has seen a string of deals for his digital business and shares of his Conglomerate have more than doubled since a low in March.
Earlier in March, Reliance Jio had invested 15 billion in numerous firms including Facebook Inc and Silver Lake. Last week, Google legislated MOU to buy a 4.5 billion stake in Jio platform, adding to a series of a large investment into an online venture that has been nearly 400 million users in India.
Bernard Arnault and family, the chairperson and chief executive of luxury brand LVMH are third on the list with a wealth of 111.8 billion. Facebook ‘s Mark Zuckerberg is the fourth richest with a net worth of 89 billion.
By- JP Sahu
Image source: Google