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Wednesday, April 24, 2024

Mukesh Ambani Reclaims Spot Among World’s Top 10 Richest

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As of Wednesday, Mukesh Ambani’s net worth stands at $114 billion, equivalent to about Rs 9.45 lakh crore. This information comes from Forbes’ Real-Time Billionaires List, as reported by bhaskar.com.

Mukesh Ambani, Chairman of Reliance Industries, holds the tenth position on the list, surpassing Sergey Brin, co-founder of Google. Topping the list is French billionaire Bernard Arnault, CEO of Louis Vuitton Moët Hennessy (LVMH), with a net worth of $222 billion, approximately Rs 18.60 lakh crore, according to bhaskar.com.

Elon Musk, CEO of Tesla, follows Arnault in second place with a net worth of approximately Rs 16.74 lakh crore.

In the span of five years, Mukesh Ambani’s net worth has seen a remarkable surge, climbing from $36 billion (about Rs 2.89 lakh crore) to $114 billion (approximately Rs 9.45 lakh crore), marking an increase of over 200%.

Mukesh Ambani’s business empire encompasses energy, retail, and digital services. It is reported that a consortium backed by Reliance Industries and India’s leading engineering institutions will launch its first ChatGPT-style service in March 2024.

Reliance Industries, the largest and most profitable private sector company in India, operates across energy, materials, retail, entertainment, and digital services. It holds the distinction of being the 1st Indian company to achieve a market capitalization of Rs 20 lakh crore.

Reliance Industries is reputedly India’s most valuable company by market value.

Below is the latest list of the world’s top 10 richest individuals:

1. Bernard Arnault & family – $223.4 billion
2. Elon Musk – $201.7 billion
3. Jeff Bezos – $188.4 billion
4. Mark Zuckerberg – $165.9 billion
5. Larry Ellison – $136.1 billion
6. Warren Buffett – $133.9 billion
7. Bill Gates – $123.8 billion
8. Steve Ballmer – $120.0 billion
9. Larry Page – $118.3 billion
10. Mukesh Ambani – $114.1 billion

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