India’s Richest Man Surpasses Tesla and Google CEO’s In Lates Fortune Index


India’s richest man, Mukesh Ambani zoomed past Silicon Valley and Tesla tech titan Elon Musk, as well as Alphabet Inc. co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.

The chairman of Reliance Industries Ltd., Mukesh Ambani, whose wealth surpassed Warren Buffett’s last week, is now worth $72.4 billion, according to the Bloomberg Billionaires Index. Shares of the conglomerate have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc., Silver Lake and, most recently, Qualcomm Inc.

Mukesh Ambani’s energy empire is slowly shifting to e-commerce, with tech giants seeking to take a piece of India’s fast-growing digital business. The world’s second most-populous nation has seen a spike of foreign interest in its economy, and Google said on Monday it will spend $10 billion in the coming years to help accelerate the adoption of digital technologies in the India.

According to Bloomberg Billionaires index on Monday, Mukesh Ambani fortune now worth $72.4 billion, Larry Page’s fortune now stands at $71.6 billion, while Sergey Brin’s is at $69.4 billion and Tesla Inc.’s Elon Musk is worth $68.6 billion. Warren Buffett’s net worth dropped last week after he gave away $2.9 billion to charity.

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