Business
Mukesh Ambani dominates Warren Buffett, now the eighth richest in the world – The New Indian Express
Reliance Industries President Mukesh Ambani has now surpassed Berkshire Hathaway founder Warren Buffet in the list of the richest people in the world.
This follows a series of agreements in which the challenges of the telecoms sector of the conglomerate Jio have been sold to many companies, including Facebook, the Saudi Arabian Public Investment Fund, and many others.
According to various media reports, the business tycoon is now worth $ 68.3 billion, surpassing Warren Buffett’s $ 67.9 billion on Thursday.
On June 19, the billionaire announced that his oil-telecoms conglomerate Reliance Industries is now net debt free after raising a record 1.69 lakh crore Rs to global investors and a rights issue in less than two months.
Reliance Industries Limited’s market valuation on July 6 exceeded Rs 11.5 lakh crore marks due to the rise in its share price.
Ambani is now the eighth richest person in the world, pushing Buffet to ninth place after the billionaire investor donated billions of dollars to charity.
To add to the power of India’s wealthiest man, leading British oil company BP Plc and Reliance Industries (RIL), owned by Mukesh Ambani, recently announced the official launch of their joint fuel retail joint venture. : Reliance BP Mobility Ltd (RBML). This unit, in which BP holds a 49% interest, RIL owns the rest, will sell fuel on the market under the “Jio-bp‘brand, said a joint statement.
(With contributions from agencies)
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