Mukesh Ambani Became The Fourth Richest Billionaire In The World

Our very own Indian business magnet Mukesh Dhirubhai Ambani has become fourth richest billionaire in the world!

Mukesh Ambani, the owner of Reliance Industries and largest shareholder surpassing LVMH Chairman Bernard Arnault of France. In this list only Facebook founder Mark Zuckerberg, Microsoft's Bill Gates and Amazon CEO Jeff Bezos are headed over by Mukesh Ambani.

Recently, industrialist Mukesh Ambani-led Reliance Industries became the world's second biggest brand after Apple in the 'FutureBrand Index 2020'. Not only this, his company Reliance is also the largest company in the country in terms of market capitalization. The Reliance stock closed at INR 2146 on the previous trading day. On July 27, it touched a high of INR 2198.

According to Bloomberg Billionaires Index the real-time net worth of Ambani's wealth has risen to $ 80.2 billion, or about INR 6.03 lakh crore. This year he added $22 billion to his fortune since the start of the year, and is among the biggest wealth gainers of 2020. The others are Bezos, Zuckerberg, Elon Musk, etc. He started the process of the investment in Jio platforms and raised funds of more than 1.5 lakh crores. Their assets have increased due to the continuous investment of Jio globally. With this, Reliance Industries has also become debt free. Jio's valuation has surged past $65 billion, while Reliance Retail has emerged as the biggest challenger to Amazon India and Walmart-owned Flipkart. Due to these factors their wealth has increased.

Only three industrialists are above Mukesh Ambani:

First placeAmazon founder and CEO Jeff Bezos has total assets of $ 187 billion according to the Bloomberg Billionaires Index. This year, his wealth has increased by $ 72.1 billion. He is in the first place and become the richest person in the world.

Second place – In second place is the world's largest software business Microsoft co-founder Bill Gates. His total assets are $ 121 billion. This year his wealth has increased by $ 7.5 billion.

Third placeMark Zuckerberg of Facebook is third on the list. His total assets are $ 102 billion. This year his wealth has increased by $ 23 billion. Zuckerberg recently joined the $ 100 billion club for the first time. He is also one of the world's youngest billionaires.

As per recent report the Reliance Industries is considering buying a stake in Indian business along with TikTok's parent company ByteDance. It is reported that the talks are currently at the initial stage. Let us tell you that India banned 59 Chinese apps in June, which also included the short video app Tiktok.

It is reported that TikTok CEO Kevin Mayer have met top Reliance executives. In this meeting, there has been talk about tiktok's Indian business, although Reliance Industries has not yet released any official statement on this.

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