After climbing to the 6th spot in the list of richest people on the planet Reliance Industries Ltd (RIL) chairman Mukesh Ambani has climbed another spot. As the share price of RIL climbed up nearly 2 percent to hit a fresh record high of Rs 2,010 apiece on BSE Mr. Ambani made it past Warren Buffet. He now has a net worth $74.6 billion as of today.
His jump from 6th to 5th spot in the list comes in just about’s a week’s time. This has come on the back of big deals with Facebook and Google. Buffet who is now at the 6th place has a net worth of $72.7 billion. The list of the richest is led by Amazon’s Jeff Bezos.
Bezos leads the list with a whopping $185.8 billion having a healthy lead over 2nd placed Bill Gates of Microsoft with $113.1 billion of wealth. Interestingly Mr. Ambani has a net worth more than that of India’s next five billionaires after him. This includes Aziz Premji ($16.9 billion), Shiv Nadar ($15.8 billion), Gautam Adani ($12.6 billion), Radhakishan Damani ($11.8 billion) and Cyrus Poonawala ($11.8 billion).
The Ambani led RIL is looking to expand into 5G Technology in India. The 43rd Annual General Meeting of RIL had a message of 2G Mukt Bharat, whereby everyone in the country would have access to affordable and fast internet. The 5G expansion is expected to take place with the help of Google.
