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BUSINESS·2 min read·Aug 09, 2020

Mukesh Ambani became the fourth richest person in the world

Reliance Industries chairman Mukesh Ambani has now become the fourth richest man in the world. According to the Bloomberg Billionaire Index, Mukesh Ambani, the chairman of Reliance Industries, has reached $ 80.6 billion in total assets. This year, his wealth has increased by $ 22 billion d

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Cover image forthcoming · Plate 01 · Photographed for The Entrepreneur Story

Reliance Industries chairman Mukesh Ambani has now become the fourth richest man in the world. According to the Bloomberg Billionaire Index, Mukesh Ambani, the chairman of Reliance Industries, has reached $ 80.6 billion in total assets. This year, his wealth has increased by $ 22 billion dollars. Ambani has overtaken Bernard Arnault of France in terms of property.

Mukesh Ambani, the richest man of India, had left behind many rich businessmen of the world in a few weeks. Now he has taken another leap. Earlier, Ambani overtook SpaceX’s Elon Musk, well-known investor Warren Buffet, Alphabet Inc. co-founder Sergey Brin and Facebook’s Larry Page.

During the Corona epidemic, the Reliance Group suffered a setback due to declining demand for oil, but the company’s stock has jumped twice from the March lows. Actually, the group has benefited a lot due to the investment of billions of dollars in the group’s telecom company Jio.

Also read: https://theentrepreneurstory.com/startup/paytm-founder-vijay-shekhar-sharma-biography/

, Google and Facebook have invested heavily in Jio in recent times. Now Ambani is gradually shifting his focus to e-commerce, in which tech giants want to take a part of India’s fast growing digital business. Google said last month it would spend $ 10 billion in the coming years to help it adopt digital technologies in the world’s second most populous country.

According to the Bloomberg Billionaire Index, the owner of Amazon and the world’s richest man Jeff Bezos has total assets of $ 187 billion. This year, his wealth has increased by $ 72.1 billion. Microsoft’s co-founder Bill Gates is at number two. His total assets are $ 121 billion. This year, his wealth has increased by $ 7.5 billion.

Facebook’s Mark Zuckerberg is at number three. His total assets are $ 102 billion. So far this year, his wealth has increased by $ 23 billion. Mark Zuckerberg joined the 100 billion dollar club for the first time. Bernard Arnault Family is now at number five on this list. His total assets are $ 80.2 billion. Due to the devastation of Kovid 19, their property has suffered this year. So far this year, his property has lost $ 25 billion.

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