Mukesh Ambani Enters Club Of World’s Top 10 Richest People; Net Worth Surges To $64.5 BillionMukesh Ambani

In a major development, Mukesh Ambani, the chairman of Reliance Industries Ltd (RIL), has witnessed a significant surge in his net worth, making him the ninth richest individual in the world, reports Economic Times.

With a net worth of $64.5 billion, Ambani is the only Asian to feature among the top 10 richest people on the planet as per Bloomberg Billionaires Index. He has stormed into the treasured club by displacing Oracle Corp's Larry Ellison and France's Francoise Bettencourt Meyers who is the wealthiest woman in the world.

The development comes as Ambani owned Jio Platforms has raised a spectacular sum to the tune of $15 billion from marquee investors dotting different parts of the globe, all lining up to grab a piece of the booming Indian digital story. The massive foreign investments have been amassed by Ambani unabated by the ongoing recession and COVID-19 pandemic led economic chaos across the globe.

Jio Platforms is the digital unit under (RIL) in which Ambani owns 42 per cent shareholding. It should be noted that bolstered by the stream of investments into Jio Platforms, RIL has now been declared net debt free much ahead of the p[lanned March 2021 deadline.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber