Asia’s richest man, India’s richest man and Reliance Industries Ltd chairman Mukesh Ambani has now become the 10th richest person in world with a net worth of $54 billion (₹3.83 trillion), as listed in the Hurun Global Rich List 2019.
Recently, the market worth of Reliance Industries Ltd (RIL) shares imparting various sectors including energy and telecom reached a total of ₹8 trillion – of which, Mukesh Ambani holds almost 52%. This totals to a net worth of ₹3.83 trillion for, making him the 10th richest person in world as per the Hurun Global Rich List 2019. Whereas, the richest person in world for 2019 remains to be the Amazon chief executive – Jeff Bezos for the second year in a row with a net worth of $147 billion.
The list comes aligned with the time when Mukesh Ambani’s brother Anil Ambani is held in contempt of court by the Supreme Court for non-payment of Rs 540 crore to Ericsson. Both the siblings had started off more or less with almost same inherited wealth after the family split. But Mukesh added USD 30 billion to his wealth in the past seven years, while Anil has lost over USD 5 billion during the same period. The biggest blow for Anil Ambani, the once-sixth richest in world went down by over $5 billion from $7 billion seven years ago to $1.9 billion this year.
This might not be bad news just for Anil Ambani as the Hurun report suggests that, the number of individuals featured in the 2019 edition has come down by 224 to 2,470 from 2,694 in 2018. Also, Microsoft founder Bill Gates, who had been on the top since 10 years has been pushed down to the second position with a wealth of $96 billion – followed by Warren Buffett, chairman of Berkshire Hathaway Inc. ($88 billion) on third, LVMH’s Bernard Arnault ($86 billion) at fourth and Facebook’s Mark Zuckerberg ($80 billion) on fifth this year.