Mukesh Ambani Enters The Club Of Top 10 Richest Men In The World, Full List Inside!

Leela Adwani |Jun 24, 2020

According to Bloomberg Billionaires Index, the net worth of Reliance Industries Ltd’s chairman has climbed to $64.5 billion.

Asia’s richest man Mukesh Ambani has recently entered a new league of wealth. According to Bloomberg Billionaires Index, the net worth of Reliance Industries Ltd’s chairman has climbed to $64.5 billion and that also made him the only tycoon from Asia in the elite club of the world’s top 10 richest.

Mukesh Ambani Ft
Mukesh Ambani reaches the 9th spot of top 10 richest men in the world

The fact RIL wiped off a debt owed by Jio Platforms that explains how Ambani made his new record. The businessman surpassed American business magnate Larry Ellison and French billionaire heiress Francoise Bettencourt Meyers to reach the 9th spot on the list.

Even though Reliance’s shares witnessed a drop in March 2020 like many other companies due to the Coronavirus pandemic, they have seen continuous growth that even doubled from that low.

>>> See more: World’s Top 10 Richest Men & Net Worth Changes in 2020

Mukesh Ambani 2
His net worth is $64.5 billion now

On 31 March 2020, the digital services company Jio Platforms which is RIL’s subsidiary was burdened with a debt of Rs 1,61,035 crore. RIL set the deadline themselves by March 2021 as they wanted to have a successful debt recovery. However, things turned out much faster than their expectation. Mukesh Ambani who holds 42% of the firm has benefited from an investment that Reliance could announce Jio Platforms to be debt-free completely.

Jio Platforms
Thanks to an investigation, Jio Platforms can wipe out a dept

In the press release, PIL stated,

“Along with the stake sale to BP [Bharat Petroleum] in the petro-retail JV [joint venture], the total fund raise is in excess of Rs 1.75 lakh crore. Our net-debt was Rs 161,035 crore, as on 31st March 2020. With these investments, RIL has become net debt-free.”

Here is the list of 10 richest men in the world according to Bloomberg Billionaires Index released on 22 June 2020.

1st Jeff Bezos CEO of Amazon US $160 billion
2nd Bill Gates Business magnate (mainly known as co-founder of Mircosoft Corporation) US $112 billion
3rd Mark Zuckerberg CEO of Facebook US $90.6 billion
4th Bernard Arnault Chief Executive of LVMH US $87.4 billion
5th Warren Buffett CEO of Berkshire Hathaway US $71.5 billion
6th Steve Ballmer Businessman and investor. Former CEO of Microsoft from 2000 – 2014 US 70.5 billion
7th Larry Page Computer scientist, co-founder of Google US $68.1 billion
8th Sergey Brin Computer scientist, co-founder of Google US $66 billion
9th Mukesh Ambani Business magnate, largest shareholder of Reliance Industries Ltd US $64.5 billion
10th Francoise Bettencourt Meyers Billionaire heiress and author US $62 billion

What do you think about the new record of Mukesh Ambani? Let us know in the comment section below!

>>> Read more: Top 10 Bollywood Richest Couples: Mukesh And Nita Ambani Ranks At First

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