Mukesh Ambani overtakes Elon Musk and Google founders on billionaires list

By Rahul Vaimal, Associate Editor
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Jio Platforms
Mukesh Ambani, Chairman and MD of Reliance Industries Ltd, Jio Platform's parent company speaking at a Jio event.

After securing the eighth place on Bloomberg Billionaires Index last week, India’s richest man, Mukesh Ambani has moved past Tesla CEO Elon Musk and Google co-founders Sergey Brin and Larry Page to become the 6th richest person in the world.

On the latest Bloomberg Billionaires Index, the real-time net worth of Mr. Ambani who has also become Asia’s richest, raised by $2.17 billion to touch $72.4 billion in the last 24 hours.

The Reliance Industries chairman has added almost $7.9 billion to his fortune in the past 22 days amid a record-breaking rally in the conglomerate’s shares due to substantial investment inflow from companies including Facebook Inc., Silver Lake and, most recently, Qualcomm Inc toward Jio Platforms, its digital arm.

Google co-founders Larry Page and Sergey Brin
Google co-founders Larry Page (L) and Sergey Brin (R)

After a decline in U.S. tech shares yesterday, Larry Page’s fortune now stands at $71.6 billion, while Brin’s is at $69.4 billion and Tesla Inc.’s Musk is worth $68.6 billion. Buffett’s net worth dropped last week after he gave away $2.9 billion to charity.

Reliance Industries pivot from an energy company to a consumer company has skyrocketed its valuations in recent times.