Mukesh Ambani slips further to 13th spot in world’s top 10 richest billionaires list

Mukesh Ambani has further slipped in the list of world’s richest billionaires. Last year in December, India’s richest person was out of the top 10 richest billionaires list and stood at 11th position with a net worth at $76.5 billion
(Rs 5.63 lakh crore). According to the Bloomberg Billionaire Index, Mukesh Ambani has come down to 13th spot with a total net worth at $74.3 billion (Rs 5.45 lakh crore) today.

Also in a turn of events, Tech entrepreneur Elon Musk dethroned Amazon.com Inc. founder Jeff Bezos and became the world’s richest person on the planet with a net worth of $209 billion. While Jeff Bezos’s net worth stood at $186 billion.The other three people in the top five list are Bill Gates with $134 billion, Bernard Arnault with $117 billion and Mark Zukerberg with $101 billion net worth.

According to a Bloomberg data, the oil-to-telecom conglomerate surged past Europe’s richest person in August 2020 and became the world’s fourth-richest person on the planet. During that time, Ambani had a total net worth of $80.6 billion (Rs 5.91 lakh crore). On March 23, 2020, share price of Reliance hit a 52-week low of Rs 878 apiece on March 23, 2020 and went up 170 per cent to a record high of Rs 2,368.80 in September 2020.

From Friday’s close, RIL shares are off 22.5 per cent in over three months. Yesterday, Reliance Industries Ltd share price ended at Rs 1,933.70 apiece, up 1.15 per cent. So far in January 2021, RIL shares have declined 2.67 per cent. While in the calendar year 2020, Reliance Industries shares have rallied nearly 31 per cent, ending at Rs 1,984.65 per share.