New Delhi: Mukesh Ambani has now become the fourth richest person in the world, leaving behind Europe’s richest person. According to Bloomberg Billionaires Index, the wealth of Reliance Industries Limited chairman has now risen to $ 80.6 billion, with $ 22 billion collected this year. This makes his wealth more than that of France’s Bernard Arnault, whose LVMH Moet Hennessy Louis Vuitton SE has suffered. The reason for this is the sharp reduction in the purchase of high fashion products by people compared to the cost reduction of the company.
India’s richest person has recently left behind some of the biggest businessmen. The list includes Silicon Valley big names such as Elon Musk and Alfabet Inc. co-founders Sergey Brin and Larry Page, as well as Warren Buffet, who is called the Oracle of Omaha. While his group suffered a setback due to a drop in oil demand amid the crisis of the Corona virus epidemic, its shares have more than doubled in March. This is due to the billions of investments by companies in the group’s digital entity, including Facebook Inc. and Google.
