Meet Asia’s richest man – Mukesh Ambani

Asia's richest man

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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Asia's richest man

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:

Asia's richest man Mukesh Ambani
Source: Forbes

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:

Asia's richest man


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