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.
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