At $68 bn, Mukesh Ambani eclipses Warren Buffet's fortune
Mumbai/IBNS: Reliance Industries chairman Mukesh Ambani has surpassed Warren Buffet as his net worth touched $68.3 billion on Thursday, according to the Bloomberg Billionaires Index, a Bloomberg report said.
The shares of Reliance Industries more than doubled since a low in March but have been on an upward trajectory after its digital wing bagged more than $15 billion in investments from companies including Facebook Inc. and Silver Lake.
This week bp has paid RIL $1 billion for a 49% stake in the joint venture Reliance BP Mobility Limited (RBML).
Ambani, 63, was the only Asian tycoon in the exclusive club of the world’s top 10 richest people last month and is the eighth richest person in the world, according to the index which started in 2012.
Warren Buffet's fortune slipped after he gave away $2.9 billion in charity, said the report. He is currently ranked ninth with a net worth of $67.9 billion as of Thursday in the Bloomberg Billionaires Index.
The 89-year-old's net worth has dropped continuously after donating more than $37 billion of Berkshire Hathaway Inc. stock since 2006.