MUKESH AMBANI BECOMES ASIA 'S RICHEST MAN AGAIN

  • 26/02/2021

Mukesh Ambani has regained the status of the richest man in Asia. Ambani once again became richer than Zhong Shanshan of China. Shares of Chinese billionaire Zhong Shanshan's bottled water company fell 20 percent, returning Mukesh Ambani. At the end of December 2020, Ambani lost its position. Despite the volatility in the market, Mukesh Ambani's Reliance Industries Ltd has a reason to escape unscathed.

Mukesh Ambani has announced that he will transform the company's oil and chemical business into an independent unit and set up a separate branch. But Zhong Shanshan in China grew rapidly through bottled water company Nongfu Spring Co and vaccine makers Beijing Wantai Biological Pharmacy. Ambani, who was ranked fourth on the Bloomberg Global Billionaires list last year, was later relegated to 10th. His current assets are $ 8.28 billion, up from $ 9 billion last year.

Related News

Israel PM reaffirms his plan to attack Rafah with ground for ...
  • 12/03/2024
Pakistan ex-PM Imran Khan jailed for 10 years
  • 30/01/2024
ICJ orders Israel to stop genocide acts in Gaza
  • 26/01/2024
Iran bomb blast: More than 100 killed
  • 03/01/2024
Russia-Ukraine war: 14 killed in Russia’s Belgorod in shelli ...
  • 30/12/2023
Russia-Ukraine war: Biggest aerial attack on Ukraine cities
  • 30/12/2023
South Africa launches genocide case against Israel at UN Cou ...
  • 30/12/2023
Pakistan PM declares prohibition on New Year festivities
  • 30/12/2023
Health Ministry of Gaza: 20,057 people dead
  • 22/12/2023
Gaza Health Ministry: Over 15,500 killed in Gaza
  • 09/12/2023
14 dead in a fire at university dormitory in Iraq
  • 08/12/2023
Mount Merapi eruption: 11 hikers dead
  • 04/12/2023