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Mukesh Ambani becomes world's seventh richest person, leaving behind Warren Buffett

Mukesh Ambani's wealth has increased by $ 5.4 billion in the last 20 days. On June 20, Ambani was ranked ninth on Forbes' list. Market cap of Reliance Industries recently 12 lakh crores

11th July, 2020

Mukesh Ambani, India's richest man and chairman of Reliance Industries, has now become the seventh richest person in the world, leaving behind Warren Buffett, Google's Larry Page and Serge Brin of Berkshire Hathaway. Mukesh Ambani is from all over Asia in the list of world's top-10 rich. According to Forbes, his total wealth has reached $ 70 billion.

Mukesh Ambani's wealth has increased by $ 5.4 billion in the last 20 days. On June 20, Ambani was ranked ninth on Forbes' list. The market cap of Reliance Industries has recently crossed 12 lakh crore crore. Ambani's share in Reliance Industries is 42 percent. Today, its stock gained nearly 3 percent. Its stock is trading at a 52-week high.

It is known that in the Forbes Real Time Billionaire Rankings, assets are determined based on share price. Today, Reliance stock closed at Rs 1878.50, while its 52-week high is Rs 1884.40. Ambani's Jio had a total of 12 investments during this period, including Facebook, Silver Lake, KKR, Abu Dhabi Investment. In lieu of this, around 25 per cent equity was sold in Jio.

Talking about today's list, Jeff Bezos holds the number one position. His total assets are $ 188.2 billion, Bill Gates at number two ($ 110.70 billion), Bernard Ornolt Family at number three ($ 108.8 billion), Mark Zuckerberg at number four ($ 90 billion), Steve Ballmer at number five ($ 74.5 billion). ), Larry Ellison at number six ($ 73.4 billion), Mukesh Ambani at number seven ($ 70.10 billion). This is followed by Warren Buffet, followed by Larry Page and Sergey Brin.

The 89-year-old Warren Buffet is called the Oracle of Omaha. Since 2006, he has donated more than $ 37 billion in shares of Berkshire Hathaway Inc.

Category: Business

Mukesh Ambani
Warren Buffett
berkshire hathaway
jeff bezos
jio platforms
mukesh ambani
reliance industries

Reported by:
Pankaj Prasad