Mukesh Ambani ranked 12th in the Bloomberg Billionaires Index 2021

India’s richest man Mukesh Ambani, the chairman and Managing Director of Reliance Industries Limited (RIL) dropped down to 12th spot in the Bloomberg Billionaires Index 2021 (as on 2nd January 2021). The net worth of Ambani dropped from 90 billion USD (around Rs. 6.62 lakh crore) (in early 2020) to 76.7 billion USD (around Rs. 5.6 lakh crore). The drop in the net worth of Mukesh Ambani was due to the correction in the shares of RIL which has fallen to Rs.1995.50 on 30th December 2020, which is 16% from its all-time high of Rs 2369.35.

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Top 3 in the Bloomberg Billionaires Index:

Asia’s Richest person:

• Zhong Shanshan, referred to as “Lone Wolf”, has replaced Ambani as Asia’s richest person, he is one of the fastest in the history to achieve the feat.
• Zhong Shanshan is Chinese billionaire whose net worth is 78.2 billion USD, which is attributed to the listing of Beijing Wantai Biological Pharmacy Enterprises Co and Nongu Spring Co, a bottled water firm.

About Hurun Global Rich List 2020:

• As Per Hurun Global Rich List 2020, India’s Mukesh Ambani dropped to the eighth position in the Hurun global rich list 2020. However, he retained as Asia’s Richest Person.
• Amazon founder Jeff Bezos topped the charts with a net worth of $201 billion. Tesla CEO and founder Elon Musk ($145 billion) moved into the second position.
• French multinational luxury goods conglomerate Louis Vuitton SE group head Bernard Arnault ($120 billion) came in third, followed by Microsoft co-founder Bill Gates ($111 billion) and Facebook founder Mark Zuckerberg ($109 billion) in the fifth slot.

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