Mukesh Ambani, the richest man in Asia, has just moved up a few notches on the list of the richest man in the world. The Indian businessman’s fortune has crossed the $100 billion mark, joining the list of names like Jeff Bezos or Elon Musk.
The “chief” of India’s Reliance Industries has risen to a small club of 11 people with the world’s largest fortunes, after the value of his group’s shares soared to a record high, on Friday, October 8.
Ambani’s assets are now worth $100.6 billion, according to the Bloomberg Billionaires Index, after his fortune has risen to $23.8 billion this year.
Since he inherited the oil refining and petrochemical business from his father’s empire in 2005, the entrepreneur has sought to transform the energy giant into a retail, technology and e-commerce giant.
With the goal of creating an e-commerce giant in India to challenge companies like Amazon, Ambani has invested nearly $50 billion in a mobile telecom company that became the country’s number one in three years of operation.
Last June, Ambani released an ambitious green energy investment plan, anticipating an investment of US$10 billion over the next three years.
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