Chairman of Reliance Industries and Jio Mukesh Ambani edges past Warren Buffet with an estimated wealth of $75 billion and became the world’s fifth richest person on Wednesday. Ambani is next to Facebook co-founder and CEO Mark Zukerberg, whose net worth is $89 billion.
Earlier Warren Buffet was in fifth rank, who slipped the rank after charity of more than 37$ billion of Berkshire Hathaway Inc.
As per Forbes list, Jeff Bezos, founder and CEO of Amazon still on top position with net worth of 185$ billion, followed by Microsoft co-founder Bill Gates with net worth of 113.1$ billion and Moet Hennessy Louis Vuitton (LVMH)’s chief Bernard Arnault, with 112$ billion.
Ambani’s business enhances from March on wards after investments from the companies like Facebook, Intel, Silver Lake and Google. In addition, US tech giant has committed a capital share of 7.7% in Jio.
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