This case however, doesn’t fit true to the Indian multinational conglomerate company Reliance Industries Ltd’s chairman Mukesh Ambani. In just a couple of months’ time, Ambani rose from the 7th richest man in the world to 5th and now to 4th.
Yes, Mukesh Ambani is now the 4th richest man in the world, up from 5th richest, in just 2 week’s time.
Mukesh Ambani Beats Europe’s Richest
Mukesh Ambani has overtaken the richest man in Europe, Bernard Arnault of France, to take his place as # 4 in the world's top five richest men.
Since accumulating $22 billion, Ambani 's wealth has now reached $80.6 billion, just this year. The Bloomberg Billionaires Index has provided those reports.
Thanks to this year's $22 billion assembled, Ambani surpassed Arnault 's wealth pile, as its luxury goods-specific multinational corporation and conglomerate, Louis Vuitton SE, suffered loss due to the pandemic.
Not just this, RIL’s share prices have also terrifically skyrocketed after hitting a low in March of this year, due to over $15 billion investments, as its digital platform and telecom unit attracted billions of investments from giants like Facebook Inc. and Google.
RIL’s Major Activities
Ambani's $1 billion deal with petroleum giant BP which was a good contributor to the tycoon's jump in rankings. He's increasingly shifted his interests towards the fast-growing digital sector in the region.
Just last month, in the coming years, Google Inc. claimed to be investing $10 billion to boost digital technology adoption in India.