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Reliance Mukesh Ambani overtook China's Jack Ma to become Asia's richest person
Reliance Industries Mukesh Ambani overtook China's Jack Ma to become Asia's richest person- Detailed Report
According to the Bloomberg Billionaires Index, Reliance Industries Ltd Chairman & Managing Director Mukesh Ambani overtook China's Alibaba Group founder Jack Ma to become Asia's richest person.
According to the Bloomberg Billionaires Index, Mukesh Ambani wealth derives mainly from Reliance Industries Ltd the oil-to-telecom behemoth, India’s second-biggest company with a market capitalization of more than $100 billion.
As per the Bloomberg Billionaires Index, Mukesh Ambani's net worth now stands at $44.3 billion as compared to Jack Ma's $44 billion wealth as reported on 13th July 2018.
Mukesh Ambani has risen 1.6 percent to a record 1,099.8 rupees, as added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity.
Background
Mukesh Ambani (61 years old) controls 40 percent of Reliance Industries, owner of the world's largest oil refining complex.
The Mumbai-based conglomerate Mukesh Ambani other businesses include a 4G wireless network across India.
The billionaire Mukesh Ambani also owns a residential property worth more than $400 million and the Mumbai Indians professional cricket team.
Bloomberg
Founded: October 1, 1981
Headquarters: New York, United States
President & CEO: Michael Bloomberg
