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Mukesh Ambani joins Bezos,Elon Musk in world’s exclusive club

Mukesh Ambani, Asia’s richest person, joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least $100 billion. The chairman of India’s Reliance Industries Ltd. entered the rarefied group of 11 men as his conglomerate’s stock climbed to a record on Friday. He’s now worth $100.6 billion, according to the Bloomberg Billionaires Index, after his wealth increased by $23.8 billion this year.

A retail, technology and e-commerce titan, Ambani ventured into the telecommunications sector in 2016. His retail and technology ventures raised about $27 billion in 2020. Furthermore, Ambani’s ventures sold stakes to investors ranging from Facebook Inc. and Google to KKR & Co. and Silver Lake increasing the empire’s worth in the market. The chairman of India’s Reliance Industries Ltd has now entered the $100 billion wealth club alongside Amazon founder Jeff Bezos and SpaceX CEO Elon Musk. Meanwhile, Adani Group founder Gautam Adani added $39.5 billion to his fortune this year showing promise to become the next entry to the club from India.


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