Mukesh Ambani becomes world`s 4th richest person...

Dhaka, Sunday   27 September 2020

Mukesh Ambani becomes world`s 4th richest person

 International Desk daily-bangladesh.com

 Published: 10:31 PM, 8 August 2020  

Mukesh Ambani becomes world`s 4th richest person

Mukesh Ambani becomes world`s 4th richest person

Mukesh Ambani has surged past Europe's wealthiest man Bernard Arnault and became the world's fourth-richest person, reports Bloomberg Billionaires Index on Saturday.

According to the Bloomberg Billionaires Index Reliance Industries Ltd’s chairman is now worth $80.6 billion, after amassing $22 billion this year.

That gives him a bigger wealth pile than France’s Bernard Arnault, whose LVMH Moet Hennessy Louis Vuitton SE has suffered from customers curbing high-end fashion purchases faster than the company can cut costs. While the conglomerate with a huge energy empire was slammed by a slump in demand for oil amid Covid-19, its shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc and Google.

Only three names featured ahead of Ambani -- Jeff Bezos, Bil Gates, and Mark Zuckerberg. According to the list that shows the ranking of the world's richest people, Ambani is wealthier than Bernard Arnault, Warren Buffett, Steve Ballmer, Larry Page, Sergey Brin, Elon Musk, and more.

DailyBangladesh/SA