Reliance Industries Chairman Mukesh Ambani has made it to the ninth spot on Forbes’ ‘The Real-Time Billionaires List’. On November 28, his net worth as per the list stood at $60.8 billion. The improvement in his ranking follows RIL emerging the first among listed entities to hit a market capitalization of Rs 10 lakh crore. At the start of the year, Ambani stood on the 13th on the Forbes 2019 rich list. He is now moved to ninth overtaking Alphabet CEO Larry Page.
As per the Forbes India Rich List 2019, the 62-year-old RIL Chairman is the richest Indian with a net worth of $51.4 billion. Meanwhile, at the top of the list is Amazon CEO and founder Jeff Bezos, whose ‘Real-Time Net Worth’ stood at $113 billion on November 28. He is followed by Microsoft co-founder Bill Gates ($107.4 billion). Next on the list is Bernard Arnault is the Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, ($ 107.2 billion) in the second and third positions, respectively.
Others in the top 10 include CEO of Berkshire Hathaway Warren Buffett with a net worth of $86.9 billion, CEO of Facebook Mark Zuckerberg ($74.9 billion), Amancio Ortega founder and former Chairman of Inditex fashion group, best known for its chain of Zara clothing and accessories shops ($69.3 billion), Co-founder of software firm Oracle Larry Ellison ($ 69.2 billion) and, Carlos Slim Helu ($60.9 billion).
Ambani’s flagship firm RIL – is India’s largest and most profitable private sector company and continues to remain a significant player in the integrated energy value chain globally. Its retail business has grown phenomenally, registering a seven-fold increase in revenue and a 14-fold increase in profit in the last six years.
PM Modi always gets condemned by his haters for supporting Ambani Brothers. But the tale is different, Mukesh Ambani has recently endorsed the candidature of Congress leader Milind Deora from the Mumbai South Lok Sabha constituency.