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Mukesh Ambani world's 7th richest, overtakes Warren Buffet
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SME Times News Bureau | 10 Jul, 2020
Reliance Industries (RIL)
Chairman Mukesh Ambani has become the seventh richest person in the
world overtaking Warren Buffet, one of the most successful investors
globally, according to the Forbes Real Time Billionaires Index.
As per the latest Forbes data, Ambani's net worth rose $2 billion on Friday and currently stands at $70.1 billion.
His
rise among the world's richest individuals has been boosted by the
recent continuous surge in the share price of Reliance Industries (RIL).
On
Friday, RIL shares on the BSE hit a fresh all-time high of Rs 1,884.40.
Following the surge in share prices, the oil-to-telecom major's market
capitalisation crossed Rs 11.90 lakh crore.
The shares have risen
largely due to the investments coming into its technology and telecom
arm Jio Platforms from global marquee investors. Jio Platforms has
raised Rs 1.17 lakh crore so far in just over two months.
The net
worth of Warren Buffet, who runs Berkshire Hathaway and is popularly
known as the "Oracle of Omaha", stands at $68.1 billion and is at the
eight spot.
Amazon CEO Jeff Bezos holds the first rank with a net
worth of $186.8 billion, followed by Bill Gates in the second position
with a net worth of $110.5 billion.
Forbes' Real-Time
Billionaires ranking tracks the daily ups and downs of the world's
richest people. Individuals whose fortunes are significantly tied to
private companies will have their net worths updated once a day.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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66.20
|
64.50 |
UK Pound
|
87.50
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84.65 |
Euro
|
78.25
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75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
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