Billionaire Mukesh Ambani is now the world’s fourth-richest man. The Bloomberg Billionaires Index showedÂ Ambani, the chairman of oil-to-telecom conglomerate Reliance Industries, in the fourth position. Ambani’s net worth on Friday went up by $326 million to $80.2 billion (Rs 6.04 lakh crore) making him the 4th richest.
Only three names featured ahead of Ambani — Jeff Bezos, Bil Gates, and Mark Zuckerberg. Ambani has surpassed Bernard Arnault, chairman and CEO, LVMH Moet Hennessy Louis Vuitton to become the world fourth-richest person. According to the list that showsÂ the ranking of the world’s richest people, Ambani is wealthier than Bernard Arnault, Warren Buffett, Steve Ballmer, Larry Page, Sergey Brin, Elon Musk, and more.
Ambani has jumped ten places on the Index since January as shares of his giant surged over 145% from a low of Rs 867.82 in March after the company got Zuckerberg onboard. Ambani’s appearance among top 5 billionaires is significant for a lot many reasons, mainly because since decades, the world’s five richest comprised a little-changed group dominated by Americans, one or two Europeans and occasionally a Mexican.
It seems like forever since people have been seeing the names of Microsoft co-founder Bill Gates, Facebook boss Mark Zuckerberg, Berkshire Hathaway chief Warren Buffett in the world’s richest list. Amazon founder Bezos dethroning Bill Gates as the world’s richest was certainly a game-changer. However, he is also an American which meant that the top spots still had little to no diversity.