Mukesh Ambani named world’s ninth richest, with 2 others

New Delhi: Reliance Industries Ltd (RIL) chief Mukesh Ambani is the ninth richest person in the world along with Steve Ballmer of Microsoft and Larry Page of Google, each having a net worth of $67 billion, according to the Hurun Global Rich List 2020.

Ambani, 62, maintained a place in the top 10 for the second time after a $13 billion or 24 per cent surge in his wealth to $67bn.

“The only Asian in the Top 10, Ambani’s wealth increased mainly on the back of a good performance in his telecom business,” the Hurun Rich List said.

Ambani is restructuring Reliance Industries to facilitate the planned strategic investments in group businesses – Reliance Jio, Reliance Retail, refining and petrochemicals. The conglomerate aims to be a zero net debt company in 18 months and is in discussion to sell 20 per cent oil-to-chemicals business to Saudi Aramco, at an enterprise value of $75 billion. RIL became the first Indian company to hit the milestone of achieving Rs 10 lakh crore market capitalisation.

READ:  Rupee opens on flat note against US dollar

Amazon CEO Jeff Bezos retains the top spot in the Hurun Global Rich List 2020 with $140 billion, down $7 billion, mainly due to the world’s largest divorce settlement with former wife MacKenzie Bezos, who makes the list in her own right with $44 billion.

Amazon is one of four companies, whose valuations have hit $1 trillion, the others being Microsoft, Apple and Google. Bezos bought a $165 million home, setting a new record for Los Angeles. In February, he pledged $10 billion to help fight climate change.

Bill Gates, dropped down to third place on the Hurun Global Rich List 2020, with $106 billion, despite growing his wealth $10 billion or 10 per cent. Last month, Gates announced a $100 million commitment to fight coronavirus which has triggered a global health emergency.

READ:  Flipkart announces spin-off of PhonePe, to remain majority shareholder

Over the past two decades, the Bill and Melinda Gates Foundation has given out more than $50 billion to global health and education.

Subscribe us on The Siasat Daily - Google News
Back to top button