Ambani Joins Bezos, Musk in World’s Exclusive $100 Billion Club

Bloomberg2021-10-09

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’sReliance Industries Ltd....

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Covan67
2021-10-11
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SPOT_ON
2021-10-10
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He’s now worth $100.6 billion, according to the Bloomberg Billionaires Index, after his wealth increased by $23.8 billion this year.\nMukesh Ambani and his wife Nita Ambani in Mumbai in 2019.Photographer: Dhiraj Singh/Bloomberg\nSince inheriting the oil-refining and petrochemicals businesses of his late father’s empire in 2005, Ambani, 64, has been seeking to transform the energy giant into a retail, technology and e-commerce titan. His telecommunications unit, which started services in 2016, is now the dominant carrier in the Indian market. His retail and technology ventures raised about$27 billion last year, selling stakes to investors ranging from Facebook Inc. and Google to KKR & Co. and Silver Lake.\nExclusive Club\nAmbani has entered the elite club of individuals who hold fortunes in excess of $100 billion\nSource: Bloomberg Billionaires Index\nAmbani unveiled an ambitious push into green energy in June, with a planned investment of about $10 billion over three years. 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