Indian business tycoon Mukesh Ambani grabs fifth position in the Forbes list
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Indian business tycoon Mukesh Ambani grabs fifth position in the Forbes list

by Janam Web Desk
Jul 23, 2020, 02:54 pm IST
in Business

Reliance Industries Ltd (RIL) Chairman and Managing Director, Mukesh Ambani has become the fifth richest man in the world with a net worth of Rs 5.702 lakh crore ($76.2 billion), according to Forbes. Ambani secured the fifth position beating Berkshire Hathaway CEO and legendary investor Warren Buffett, and Tesla and SpaceX founder Elon Musk.

Ambani’s net worth increased by $2.3 billion on July 23 (Thursday), according to Forbes, marking a jump of 3.11 per cent.

Amazon’s Jeff Bezos tops the list, followed by Microsoft co-founder Bill Gates. French billionaire Bernard Arnault and the family is in the third position, who owns the luxury goods company Louis Vuitton. Facebook co-founder and CEO Mark Zuckerberg is on the fourth position.

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