Amid Worst-Hit Recession, Mukesh Ambani Sustains His Spot As Asia’s Richest Man

In the year 2020 Ambani’s net worth has experienced a surge of $ 17 billion, which is considered to be the highest profit for any Asian businessman. The business tycoon remains unaffected amid the worst economic phase!

ZEE5 Web Desk

May 25, 2021

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2 min

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While the pandemic severely hit India’s economy, it seems that the nation’s top industrialists and billionaires remain unaffected. Amid one of the worst global recessions in history, Reliance Industries chief Mukesh Ambani reclaims his spot as Asia’s richest person. With a net worth of around $76.5 billion, Ambani is ranked 10 on the global billionaire’s list. Recently, he dethroned Chinese business magnate Jack Ma who was the richest Asian a year ago.

According to the reports, in the year 2020 Ambani’s net worth has experienced a surge of $ 17 billion, which is considered to be the highest profit for any Asian businessman in the specified year. Also, there has been a massive increase in shares of Reliance Industries. Out of which, 47% are owned by Mukesh Ambani himself which is around $ 60.8 billion. This has made him take over the spot of Asia’s richest man, leaving behind Jack Ma whose net worth in 2020 is $11.3 billion.

Launched in 2016, Reliance Industries’ Jio Infocomm Limited has emerged as the leading profit-maker among the telecom groups. As per the reports by Bloomberg, since Jio’s launch, Reliance has had a massive increase in the number of investors.

Meanwhile, amid the worst-hit economy, reports claim that the number of billionaires in India has doubled since last year. There are 52 billionaires listed in India compared to the 27 of last year. While Mukesh Ambani remains the richest person, he is followed by Lakshi Mittal. The steel tycoon records his net worth around $ 32 billion. Anil Ambani is the third richest tycoon of India with a fortune of $ 17.5 billion. As per data, the combined wealth of India’s 100 richest people accounts at $276 billion.

Meanwhile, stay tuned to ZEE5 for more updates.

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