Mukesh Ambani topples Jack Ma as Asia's richest person

[manga]

Reliance Industries Ltd (RIL) Chairman Mukesh Ambani became the richest Asian on Friday, toppling Alibaba Group founder Jack Ma, according to a report by Bloomberg.

File photos

Written By:

Zee Media Bureau


Updated:
Jul 13, 2018, 18:56 PM IST

Reliance Industries Ltd (RIL) Chairman Mukesh Ambani became the richest Asian on Friday, pushing Alibaba Group founder Jack Ma to the second spot, according to a report by Bloomberg.

The market valuation of Reliance Industries surged past Rs 7 lakh crore mark during Friday morning trade, as Ambani positioned his company to disrupt the e-commerce space in India.

His net worth is estimated to be around $44.3 billion with RIL rising 1.6 percent to a record 1,099.8 Rupees, according to Bloomberg Billionaires Index. The business magnate added $4 billion to his wealth just in 2018.


Ma’s wealth on the other stood at $44 billion at the close of trade on Thursday in the US, where the company is listed.

Reliance Industries on Thursday crossed the USD 100-billion market capitalisation mark for the first time in the last 10 years.

The market valuation of RIL had crossed the Rs 6 lakh crore mark in November last year. The company announced an aggressive business plan at its annual general meeting (AGM) held last week. The stock has been on an uptrend ever since and has gained nearly 14 per cent since July 5.

http://zeenews.india.com/companies/...a-to-become-asias-richest-person-2124389.html

 

[Kuru]

Good to know.

I've heard only 1% of the world population has 90% of the world wealth ? Anyone ?

 

[inder]

good show .

 

[Fireurimagination]

JIO

 

[inder]

JIO

they are overstressing india's telecommunication networks .

 

[Fireurimagination]

they are overstressing india's telecommunication networks .

Next they will overstress broadband, DTH and ecommerce space. Nobody is complaining the customer is the king.

 

[inder]

Next they will overstress broadband, DTH and ecommerce space. Nobody is complaining the customer is the king.

quality of mobile phone calls have gone down because of overloading of networks caused by crores of free connection and cheap phones distributed to all by jio . now anyone who is hardly earning bread is busy on free phone youtube,whatsup, facebook provided by jio .

 

[jetray]

This is not certainly a good thing, concentration of wealth only indicates that economic growth is only benefiting a few at the top.

 

[LASER1]

This is not certainly a good thing, concentration of wealth only indicates that economic growth is only benefiting a few at the top.

Don't be a socialist. Be a capitalist now.

 

[inder]

Don't be a socialist. Be a capitalist now.

even china and russia is getting benefit of capitalism .

 

[LASER1]

JIO

Oil money bruh

Jio is peanuts compared to that.

 

[Fireurimagination]

quality of mobile phone calls have gone down because of overloading of networks caused by crores of free connection and cheap phones distributed to all by jio . now anyone who is hardly earning bread is busy on free phone youtube,whatsup, facebook provided by jio .

Maybe, but that's like saying why educate everybody there will high competition for jobs. I am happy that Telecos that were ripping off Indians by charging Rs. 150 for 1 GB per month are now forced to provide 1 GB of data per day for Rs. 150 per month b'coz of JIO, in fact we have leapfrogged a good 5-10 years in the telecom sector because of JIO.

Oil money bruh

Jio is peanuts compared to that.

True but the last mile which helped Mukesh overtake Jack was b'coz of JIO.

 

[inder]

Maybe, but that's like saying why educate everybody there will high competition for jobs. I am happy that Telecos that were ripping off Indians by charging Rs. 150 for 1 GB per month are now forced to provide 1 GB of data per day for Rs. 150 per month b'coz of JIO, in fact we have leapfrogged a good 5-10 years in the telecom sector because of JIO.



True but the last mile which helped Mukesh overtake Jack was b'coz of JIO.

but he should contribute with equally good infrastructure .

 

[prashantazazel]

He has revolutionized the Telecom sector.
This one guy has helped more Indians than any one politician/Mass leader/philanthropist.

 

[艹艹艹]

Mukesh Ambani becomes 6th richest man in the world, surpasses Larry Page
According to the latest Bloomberg Billionaires Index, Ambani’s net worth now stands at $72.4 billion (Rs 5.44 lakh crore) after a rise of $2.17 billion.

India Today Web Desk
New Delhi
July 14, 2020
UPDATED: July 14, 2020 12:38 IST

Reliance Chairman Mukesh Ambani. (Photo: Reuters)

Reliance Industries Limited Chairman Mukesh Ambani has become the sixth richest man in the world after surpassing Alphabet Co-founder Larry Page, according to data on the Bloomberg Billionaires Index (BBI).

Ambani’s real-time net worth has increased by $ 217 billion to 72.4 billion on Monday. Ambani, who was the richest man in India and Asia, is now close to entering the elite club of world’s top five billionaires.

According to the latest Bloomberg Billionaires Index, Ambani’s net worth now stands at $72.4 billion (Rs 5.44 lakh crore) after a rise of $2.17 billion. In terms of net worth, Ambani is behind American businessman Steve Ballmer who is placed fifth on the list with a net worth of $74.6 billion.