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Business EconomyPosted at: Jul 10 2020 10:46PM


Mukesh Ambani is eighth richest in the world

New Delhi, Jul 10 (UNI) India's richest man and CMD of Reliance Industries Mukesh Ambani is eighth richest man in the world, according to the latest Bloomberg Billionaires Index released on Friday.
Mr Ambani's wealth is now worth USD 68.3 billion, surpassing business tycoon and philanthropist Warren Buffett’s USD 67.9 billion, the report said.
At number one, American internet entrepreneur and industrialist Jeff Bezos's total net worth stood at USD 188 Billion, co-founder of Microsoft Corporation Bill Gates was at second place with USD 115 Billion, followed by French billionaire businessman and art collector Bernard Arnault at USD 92.8 Billion and Cofounder, Chairman and CEO, Facebook Mark Zuckerberg having net worth at USD 92.7 Billion on fourth place.
RIL shares have gained 21.63 per cent in 2020, at a time when businesses have been impacted by the coronavirus pandemic, on the issuance of partly paid-up equity shares and stake sale of 25.09 per cent in its digital arm -- Jio Platforms -- to marquee global investors such as Facebook , General Atlantic, Silver Lake, Vista Equity Partners, KKR and Mubadala Investment Company, ADIA, TPG Capital, L Catterton, PIF and Intel Capital.
The company has become debt-free much ahead of its March 2021 target. It had also received USD 1 billion from BP for 49 percent stake in Jio-BP venture to set up thousands of petrol stations across India to tap the booming energy demand.
Mr Ambani is the only Asian tycoon in the exclusive club of the world’s top 10 richest people last month, which began in 2012.
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York.
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