Mukesh Ambani is world's 6th richest, pips Elon Musk, Google founders



Mukesh Ambani surged past Silicon Valley tech titan Elon Musk as well as Alphabet co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.
The chairman of Reliance Industries, whose wealth surpassed Warren Buffett’s last week, is now worth $72.4 billion, according to the Bloomberg Billionaires Index. Shares of the conglomerate have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook, Silver Lake and, most recently, Qualcomm.

Ambani’s energy empire is slowly shifting to e-commerce, with tech giants seeking to take a piece of India’s fast-growing digital business. The world’s second most-populous nation has seen a spike of foreign interest in its economy, especially from Silicon Valley, and Google said on Monday it will spend $10 billion in the coming years to help accelerate the adoption of digital technologies in the country.


Comments

Popular posts from this blog

Before Bahubali 2, makers to release Bahubali 1 again

Samsung rolls out 'Made in India' privacy app for Galaxy A71, Galaxy A51

Truecaller version 12 with new features for Android users launched