Mukesh Ambani becomes world’s sixth-richest person, beats Elon Musk and Google founders

DY365
DY365
Published: July 14,2020 04:01 PM
DY365

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July 14, 2020: India’s richest man Mukesh Ambani has now surpassed Silicon Valley tech titan Elon Musk as well as Alphabet Inc. co-founders Sergey Brin and Larry Page to become world 6th richest.

July 14, 2020: India’s richest man Mukesh Ambani has now surpassed Silicon Valley tech titan Elon Musk as well as Alphabet Inc. co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.



The Reliance Industries (RIL) Chairman's net worth is $72.4 billion, making him the world's sixth richest person, according to the Bloomberg Billionaires Index.



While Musk's net worth is worth $68.6 billion, Page's wealth is currently $71.6 billion and Brin's is at $69.4 billion.



RIL's share price has increased since March, after its telecom unit Jio Platforms received funding from several global investors, including Facebook, KKR and Intel.



On June 19, RIL said company has become net debt-free ahead of its targeted date of March 31, 2021, due to its rights issue and the investments into Jio Platforms.



Ambani's wealth recently surpassed that of renowned investor Warren Buffett, according to the Bloomberg Billionaires Index. Ambani is the only Asian among the world's ten richest people.