Mukesh Ambani dethrones Jack Ma in Asia in billionaires list

By Lokmat English Desk | Published: April 7, 2021 05:16 PM2021-04-07T17:16:17+5:302021-04-07T17:16:17+5:30

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India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries Chairman Mukesh Ambani reclaimed his spot as Asia’s richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.

Forbes’ 35th annual list of the world’s billionaires is topped by Amazon CEO and Founder Jeff Bezos for the fourth year in a row.

His net worth is USD 177 billion, up USD 64 billion from a year ago as a result of surging Amazon shares, Forbes said.

In 2017, Ma was ranked second in the annual "World's 50 Greatest Leaders" list by Fortune. He has widely been considered an informal global ambassador for Chinese business, and is an influential figure for the community of startup businesses.

Adani Group Chairman Gautam Adani, the second richest person in India, is ranked 24th on the global list of billionaires with a net worth of USD 50.5 billion.

Chairman of the Poonawalla Group and founder of the Serum Institute of India, the world’s largest vaccine manufacturer, Cyrus Poonawalla is ranked 169th on the Forbes list of the world’s billionaires with a net worth of USD 12.7 billion.

Poonawalla ranks seven on the list of Indian billionaires. Founder of HCL Technologies Shiv Nadar, the third richest person in India, is ranked 71st globally and has a net worth of USD 23.5 billion.