A week after surpassing Warren Buffet in terms of wealth, India’s richest man and Reliance Industries chairman Mukesh Ambani has now emerged as sixth richest man in the world by beating Tesla and Space X CEO Elon Musk and Google Co-Founders Larry Page and Sergey Brin. With $72.4 billion, Mukesh is placed at sixth position while Jeff Bezos ($181 bn), Bill Gates ($115 bn), Bernard Arnault ($94.5 bn), Mark Zuckerberg ($90.8 bn) and Steve Ballmer ($74.6 bn) took away first five positions.
The business profile of India’s wealthiest person has rocketed after his company raised more than $23 billion through global investments into its digital assets unit Jio and became net debt free. RIL also attracted investors attention with rights issue of shares and Reliance share price has rallied from 867.43 in March to 1948.35 in July.
According to Bloomberg Billionaires Index, Larry Page’s wealth now stands at $71.6 billion and with $69.4 billion, Sergey Brin in placed in 9th position after Warren Buffet. Tesla CEO Elon Musk is worth $68.6 billion.
The successful rights issue and foreign investments from global leaders like Facebook, Silver Lake Partners, General Atlantic and others has helped Ambani’s wealth jump massively. He emerged as the only Asian businessman to grab a place in the elite club of the world’s top 10 richest people last month, while Buffett’s wealth reduced after he gave away $2.9 billion to charity.