Asia's wealthiest man Mukesh Ambani has now become the world's fourth richest man after his wealth surged to a new high amid the weakening economic corridors at the global stage triggered by the COVID-19 global pandemic.
Mukesh Ambani's new feat had put French billionaire Bernard Arnault one spot behind and Ambani has got three billionaires ahead of him- Amazon's Jeff Bezos, Microsoft's Bill Gates, and Facebook's Mark Zuckerberg. According to the Bloomberg Billionaires Index, the chairman of the Reliance Industries Limited is now worth $80.6 billion after banking $22 billion this year.
Mukesh Ambani has attained the rank after Bernard Arnault's company Louis Vuitton has suffered from customers curbing high-end fashion purchases. After Arnault's LVMH shares had plummeted this year, he had become the biggest loser among the world's 500 richest people and his net worth has decreased $25.1 billion and currently stands at $80.2 billion.
With the current ranking, Mukesh Ambani has already gone past some of the world's billionaires including Warren Buffett, Alphabet's Larry Page and Sergey Brin, Ali Baba's Jack Ma and Tesla's Elon Musk. Ambani has jumped ten places on the index since January as shares of his conglomerate company had soared over 145% after Facebook had invested in the Indian giant and his current state has become significant as the first five ranks have been decorated by the Americans and Europeans in the last few decades.
Ambani's elevation has come at a high time when his company has been shifting its corridors to e-commerce while the country eyes to emerge strongly in its digitization with Google last month said that it will be investing Rs 75,000 crore in India in its digital business. In July 2020, Mukesh Ambani had become the sixth richest man in the world, and in one month, his rank surged and now become the fourth richest man in the world.
According to the Index, the top ten world richest people are Jeff Bezos, Bill Gates, Mark Zuckerberg, Mukesh Ambani, Bernard Arnault, Warren Buffett, Steve Balmer, Larry Page, Sergey Brin, and Elon Musk.