Thank you for your reading and interest in the news Mukesh Ambani now world’s fifth-richest Person with $77bn net worth and now with details
Hind Al Soulia - Riyadh - The world’s second-wealthiest Asian is Tencent Holdings co-founder Pony Ma, who currently ranks 18th
July 24, 2020
July 24, 2020
For years, the world’s five richest people comprised a little-changed group dominated by Americans, a European or two and, occasionally, a Mexican.
That changed on Thursday, when India’s Mukesh Ambani overtook Steve Ballmer to become the fifth-wealthiest person on the planet, with a net worth of $77.4 billion. The jump in ranking is just the latest milestone for Ambani, 63, whose fortune has surged by $18.8bn since the beginning of the year.
The Reliance Industries chairman has jumped nine places on the Bloomberg Billionaires Index since January as shares of his conglomerate have risen 135 per cent from a low in March, buoyed by recent investments from firms including Facebook, Silver Lake and BP. Mr Ambani’s dealmaking has helped make India a bright spot for M&A during an otherwise barren year, with Indian news channel ET Now reporting that Amazon.com is in early talks for a stake in Reliance’s retail division.
Mr Ambani cracked the group of the 10 richest people just last month. Two weeks ago, he surpassed Warren Buffett, now ranked No 7. He overtook Elon Musk and Google co-founders Sergey Brin and Larry Page days later.
The world’s second-wealthiest Asian is Tencent Holdings co-founder Pony Ma, who currently ranks 18th. Billionaires from the region have outperformed their peers from elsewhere this year, with the exception of Australia and New Zealand, according to the Bloomberg index, a ranking of the world’s 500 richest people. The wealthiest Asian tycoons have increased their collective fortune by 18 per cent, compared with gains of 7 per cent for their counterparts in the US and Canada.
While Mr Ambani’s rise has been remarkable, Amazon.com founder Jeff Bezos’s fortune has surged the most this year, adding $62.7 billion.
Updated: July 24, 2020 09:27 AM
These were the details of the news Mukesh Ambani now world’s fifth-richest Person with $77bn net worth for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at The National and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.