Mukesh Ambani Beats Louis Vuitton’s Bernard Arnault

Reliance Industries Limited Chairman has overtaken Europe’s wealthiest man and Chairman of LVMH (Louis Vuitton Moet Hennessy) Bernard Arnault. Thus, Mukesh Ambani has become the fourth richest man in the world occupying the Bernard Arnault’s spot. French multinational corporation and conglomerate specializing luxury goods and high-quality products has been largely affected due to Corona Virus pandemic. Europe’s Wealthiest man is the biggest loser in the Covid crisis.

The Bloomberg Billionaires Index has listed out the rankings. Amazon CEO Jeff Bezos, Microsoft founder Bill Gates and Facebook Inc founder Mark Zuckerberg are the three tycoons who stood ahead of Ambani in the list. The Bloomberg Billionaires Index showed Ambani ahead of LV’s Bernard, Berkshire Hathaway’s Warren Buffet, American Businessman and former CEO of Microsoft Steve Ballmer, Google co-founders Larry Page and Sergey Brin, Tesla’s Elon Musk.

Reliance’s Mukesh Ambani rung up the ladder by ten places since January this year. The shares of RIL surged over 145 percent since March. From a low of Rs 867.82, the shares rose to Rs 2146.0 in August. Facebook has bought 9.99 percent stake in Jio platforms for a whopping Rs 43,574 crore. Google also announced to invest Rs 33,737 crore for 7.7% stake in Jio platforms. Thus, Ambani’s Reliance which is majorly into three businesses – Jio, Retail and Oils-to-Chemicals – became a major gainer during the Covid pandemic.

Top 10 List of World’s Richest

THE RICHEST NET WORTH
JEFF BEZOS USD 187 Billion
BILL GATES USD 121 Billion
MARK ZUCKERBERG USD 102 Billion
MUKESH AMBANI USD 80.6 Billion
BERNARD ARNAULT USD 80.2 Billion
WARREN BUFFETT USD 79.2 Billion
STEVE BALLMER USD 76.4 Billion
LARRY PAGE USD 71.3 Billion
SERGEY BRIN USD 69.1 Billion
ELON MUSK USD 68.7 Billion