Mukesh Ambani is now 9th richest man in the world

Asia’s richest man Mukesh Ambani has entered a new league of wealth. The managing director and CEO of Reliance Industries has now become the 9th richest man in the world. This is all due to the flurry of investments in Jio Platforms.

As per the Forbes Real-Time Billionaire list, Mukesh Ambani entered the list of world’s top 10 richest. This happened after his net worth surged $5.3 billion to $64.6 billion or Rs 4.9 lakh crore. The sharp surge in his net worth came as the stock closed higher by 6.25% on the NSE. The surge took place following Ambani’s statement on Friday that the company had become net debt-free.

Mukesh Ambani today said that he has fulfilled his promise of making RIL a net debt-free company much ahead of the target. The conglomerate had a net-debt of Rs 161,035 crore, as on 31st March 2020. Over the last nine weeks, RIL’s digital arm Jio Platforms raised Rs 1.16 lakh crore from marque technology investors.

Mukesh Ambani is now ahead of Google co-founders Larry Page and Sergey Brin, the 10th and 11th richest, respectively. But behind Zara founder Amancio Ortega. As per Timesnow, Ambani’s net worth is now higher than the combined net worth of India’s next four billionaires – Azim Premji ($16 billion), Shiv Nadar ($15 billion), Gautam Adani ($12.8 billion), Radhakishan Damani ($12.2 billion).

The second richest from India in the Forbes list is Radhakishan Damani, founder of D-Mart. He ranks 84th with a net worth of $16.2 billion.

Forbes’ Real-Time Billionaires rankings keeps track of the daily changes in the fortunes of world’s billionaires.

Also Read: Saudi Arabian wealth fund invests Rs 11,367 Crore in Jio Platforms