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Tuesday, 1 August 2017

Mukesh Ambani Becomes Asia’s Second-Richest Person


Mukesh Ambani has elbowed past Li Ka-shing to become Asia’s second-richest man as investors rallied behind his efforts to arm India’s poor with cheap data-loaded phones. The chairman of Reliance Industries Ltd (RIL) has added $12.1 billion to his wealth in 2017, according to the Bloomberg Billionaires Index.

He passed Li Ka-shing, whose empire spans telecommunications, retail, and ports. Jio took just nine months after launching with a free introductory offer to rope in 117.3 million users and become India’s fourth-largest operator, according to government data.

Important Takeaways from Above News-
  • Reliance Industries Ltd (RIL) was established in 1966 in Maharashtra.
  • The owner of Alibaba Jack Ma is the Richest Person in Asia.
Source- The Financial Express


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