Forbes World's Billionaire list: Mukesh Ambani moves up

 SMTV Desk 2019-03-06 16:22:46  forbes billionaire, mukesh amabni, amazon founder
Forbes World's Billionaire list: Mukesh Ambani moves up

Mar 06: With a net worth of USD 50 billion (over Rs 3.5 lakh crore), Reliance Industries chairman Mukesh Ambani moved six positions up to rank 13th on Forbes World's Billionaire list while Amazon founder Jeff Bezos again topped the list as the world’s wealthiest person with a net worth of USD 131 billion.

According to Forbes 2019 'World's Billionaires' list, Mukesh Ambani's wealth surged from USD 40.1 billion in 2018 when he was placed 19th richest in the world, to USD 50 billion in 2019.

"Ambani chairs and runs USD 60 billion (revenue) oil and gas giant Reliance Industries, among India's most valuable companies," Forbes said. "In 2016, Reliance sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio."

The financial magazine further mentioned that Jio has signed on 280 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones.

Among the top-100 billionaires in the world, Wipro chairman Azim Premji is the second richest Indian and was ranked 36th on the list with a net worth of USD 22.6 billion, followed by technology giant HCL co-founder Shiv Nadar (82nd position, net worth of USD 14.4 billion), ArcelorMittal chairman Lakshmi Mittal (91st, USD 14.1 billion).

Worth mentioning here is that the list of Forbes Indian billionaires includes Aditya Birla Group chairman Kumar Birla (122), Adani Group chairman Gautam Adani (167), Bharti Airtel boss Sunil Mittal (244), co-founder of FMCG giant Patanjali Ayurveda Acharya Balkrishna (365).

Meanwhile, Anil Ambani, the younger sibling of Mukesh Ambani was ranked 1349 on the list with a net worth of USD 1.8 billion.

Facebook founder Mark Zuckerberg fell three positions to grab 8th spot with a net worth of 62.3 billion and former New York mayor Michael Bloomberg jumped by two.

Microsoft co-founder Bill Gates (2nd position) has seen his wealth soar to USD 96.5 billion, up from 90 billion last year, Forbes said. Ace investor Warren Buffett (3rd position) saw his fortunes dropped by USD 1.5 billion to USD 82.5 billion, the magazine mentioned.