Did you know that the wealth of India’s most affluent industrialist has surged past the net worth of Tesla CEO cum Space X founder Elon Musk, and Alphabet Inc. co-founders Sergey Brin and Larry Page? Then, what is the current ranking of the business personality in the global listing of assets? Well, Mukesh D. Ambani has been currently positioned as the world’s sixth-richest person!
Conquering prosperity
If we take a look back at the last week, the wealth of the chairman of Reliance Industries Ltd. excelled that of Warren Buffett’s, who happens to be the CEO of Berkshire Hathaway. While the evaluation came as a surprise to the nation, Ambani’s present worth is estimated at $72.4 billion, the Bloomberg Billionaires Index has reported. But how did it all happen from a record low in March? Well, the shares of the conglomerate have more than doubled in the past 4 months when its digital unit bagged billions in investments from firms like Facebook Inc., Silver Lake and, Qualcomm Inc.
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The transitional phase
On the other hand, Ambani’s energy ventures are on the way of a gradual shift to the platform of e-commerce led by tech giants as the company is eyeing an active role in the country’s fastest-growing digital domain.
Attracting global leaders
Meanwhile, India has witnessed a major spike of foreign interest in its economy as Google on Monday announced its plans to spend $10 billion in the upcoming years in order to help the nation facilitate the adoption of digital technologies. And we can already imagine, how the picture is going to change in the following days!
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To cast a global impression, while U.S. tech shares dropped on Monday, Page’s fortune now stands at $71.6 billion, Brin is at $69.4 billion and Tesla Inc. is at $68.6 billion. Buffett’s net value, however, fell last week after he donated $2.9 billion to charity.
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