Mukesh Ambani becomes sixth richest man in the world, surpasses Elon Musk and Larry Page

The Indian billionaire Mukesh Ambani has become the sixth richest man in the world, beating Larry Page and Elon Musk.

With Monday’s 3% surge in the shares of Reliance Industries Limited, Mukesh Ambani becomes the sixth richest man in the world. The jump in the stock prices bestowed on him, a rise in wealth by $2.17 billion. 

With this, Ambani’s net worth totals to $72.4 billion surpassing that of Tesla’s Elon Musk and Google’s Larry Page, according to the Bloomberg Billionaire Index. The shares prices of his company have been rising since March as a result of a variety of investments that he has received from companies like Facebook, Silver Lake, Vista, etc.

Bloomberg Billionaires’ index also reports the net worth of Google’s Larry Page to be $71.6 billion and a major reason in this drop is due to the reduction in the US tech share prices on Monday. At the same time, the net worth of Tesla’s Musk amounts to $68.6 billion.

Just three days ago, the digital platform Jio, received investments worth Rs. 30,062.43 crores for a 6.13% stake. A week before that, Facebook bought a 9.99% stake in the company worth Rs. 43,574 crores. These investments total to Rs. 1.18 lakh crore worth investment sold for a 25.09% stake. 

The Indian billionaire surpassed America’s Warren Buffet to become the eighth richest man in the world, just last week.

Ambani, in the month of June, also declared its company debt-free after having raise about Rs. 1.68 crores in 58 days, as per Economic Times. “We have fulfilled our promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021”, he quoted in a statement to the press.