Mukesh Ambani now wealthier than the richest European; only 3 centi-billionaires ahead

Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, has w become fourth-richest person in world eclipsing Europe's wealthiest man. Ambani has w a net worth of $80.6 billion after amassing $22 billion in 2020, according to Bloomberg Billionaires Index.

Ambani went a tch higher and surged past France’s Bernard Arnault of LVMH Moet Hennessy Louis Vuitton SE, who was earlier in fourth position. Arnault's net worth is $80.2 billion, down by $1.24 billion taking him a tch down to number five as fashion giant suffered from customers limiting high-end fashion purchases. 

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Only three names are featured ahe of Ambani -- Jeff Bezos of Amazon, Bil Gates, and Mark Zuckerberg of Facebook. Jeff Bezos has a net worth of $187 billion while that of Bill Gates is $121 billion. Mark Zuckerberg moved to Centi-billionaires category with a net worth of $102 billion.  Facebook CEO has ded $22.1 billion to his net worth since start of 2020.

Ambani has alrey surpassed some of biggest tycoons in recent weeks including Silicon Valley bigwigs such as Tesla and X CEO Elon Musk, Alphabet Inc. co-founders Sergey Brin and Larry P, as well as American investor and tycoon, Warren Buffett and Steve Ballmer.

As per Bloomberg Billionaire Index data, Reliance chairman has jumped ten places in index since January as shares of his oil-to-telecom conglomerate have more than doubled from a low of Rs 867.82 in March. This was a result of consistent influx of investment in RIL's Jio Platforms which got funded by companies ranging from Facebook Inc and Silver Lake to Amazon and Google.

Bloomberg Billionaires Index consists of eight American business honchos and one European, making Ambani t only richest Indian to be in list but also makes him richest Asian.

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