Mukesh Ambani Becomes Asia’s Richest Person: Forbes

Chairman of Reliance Industries Limited (RIL) Mukesh Ambani overtook China’s Hui Ka Yan to become Asia’s richest person with a total wealth of $42.1 billion, according to Forbes’ real time billionaire’s list.

Ambani’s personal wealth rose by $466 million. On the other hand, wealth of China Evergrande Group’s Chairman Hui Ka Yan slumped by $1.28 billion to $40.6 billion. Globally, Ambani stood at the 14th spot on Forbes’ real time billionaire’s list, which is based on the value of person’s stock holding and assets on a real time basis. 
Important Takeaways for IBPS PO Mains Exam-
  • RIL had recently become the first Indian company to hit the market capitalization of Rs 6 lakh crore.
Source- Forbes