Mukesh Ambani climbs six positions to rank 13th richest in the world: Forbes

By Xappie Desk, March 06, 2019 18:44 IST

Mukesh Ambani climbs six positions to rank 13th richest in the world: Forbes

Mukesh Ambani climbs six positions to rank 13th richest in the world: Forbes
 
India’s richest man Mukesh Ambani is now ranked 13th on Forbes World's Billionaire list, climbing six positions against the previous year’s with a net worth of USD 50 billion. As per the list released by the leading financial magazine, Jeff Bezos, the founder of Amazon has again topped the list with a net worth of USD 131 billion.
 
According to Forbes’ 2019 World’s Billionaires list, the Reliance Industries chairman’s wealth has increased from USD 40.1 billion in 2018 when he was the 19th richest in the world, to USD 50 billion in 2019. “Ambani chairs and runs USD 60 billion (revenue) oil and gas giant Reliance Industries, among India's most valuable companies. In 2016, Reliance sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio,” said Forbes.
 
It also mentioned that Jio has signed on 280 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones. Amongst the 106 billionaires from India, Forbes read that Ambani is leading followed by Wipro chairman Azim Premji with USD 22.6 billion net worth standing at 36th position in the world’s list. Meanwhile, Anil Ambani was ranked 1349 on the list with a net worth of USD 1.8 billion.
 
Few industry giants like Shiv Nadar, the co-founder of HCL (82nd position) and Lakshmi Mittal, ArcelorMittal Chairman (91st position) were amongst the top-100 billionaires in the world.
 
Gates, 63, saw his wealth grow to $96.5 billion, up from $90 billion last year while investment guru Buffett, 88, at third position saw fortunes slipping by $1.5 billion to $82.5 billion, said the magazine. Facebook founder Mark Zuckerberg is now at 8th position with a net worth of 62.3 billion and ahead of him are Mexican tycoon Carlos Slim, Zara and Inditex founder Amancio Ortega of Spain and Oracle co-founder Larry Ellison. 
 
Forbes also gave a disclaimer that the list is a snapshot of wealth using stock prices and exchange rates from February 8, 2019, and some people might get richer or poorer within days of publication.



Top