Meet Asia’s richest man – Mukesh Ambani
Mukesh Dhirubhai Ambani an Indian business magnate, and chairman of Reliance Industries Limited is now Asia’s richest man. On Friday he beat Jack Ma – founder of Alibaba in this list.
Mukesh Ambani wealth is $44.3 billion which is higher than Ma’s $44-billion wealth.
In 2018 Reliance Industries Limited crossed $100 billion in market capitalization on the Bombay Stock Exchange (BSE) which added other $4billion in Mukesh Ambani’s wealth.
Reliance Industries shares increased by 1.8% at the record price of Rs 1,106. This helped Mr. Anbani to earn $4 billion and Reliance became second listed corporate after TCS with $100-billion valuation on the BSE.
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On the other hand, Jack Ma has lost nearly $1.4 billion in 2018, this is because Alibaba shares declining more than 10 % on the New York Stock Exchange. Still, Alibaba is Asia’s most valuable firm with a market cap of nearly $487 billion, according to Bloomberg.
About Mukesh Ambani:
Born: 19th-Apr -1957
Birth Place: Aden
Education: Hill Grange High School Mumbai,
Institute of Chemical Technology Mumbai,
Stanford University California,
Residence: Antilia, Mumbai, Maharashtra, India
Networth: $44.3 billion
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A journey of Mukesh Ambani
Joined reliance – 1980
Reliance Communications launched – 2002
Set up the biggest grassroots petroleum refinery plant in Jamnagar. – 2010
launch 4G broadband services – 2015
launched its own 4G smartphone brand named LYF – 2016
Asia’s richest man – 2018
Asia’s richest man – Mukesh Ambani infographic:
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