Dhan Dhana Dhan! Mukesh Ambani Now World's 6th-Richest Person, Leaving Behind Elon Musk & Larry Page

Reliance's shares have doubled since March as the conglomerate received investments from tech giants like Facebook and Qualcomm.

(File Photo/ Getty)

New Delhi: Reliance Industries Limited chairman Mukesh Ambani surpassed Tesla co-founder Elon Musk and Google co-founders Sergey Brin and Larry Page as he bagged the sixth spot in the list of world's richest people.  For the past ten years, Mukesh Ambani has been titled India's richest person by Forbes magazine. Last week, he was ranked as the eighth richest person in the world, pushing Warren Buffett at the ninth spot. Business Tycoon Buffett's net worth had dropped last week after he gave $2.9 billion to charity. According to the Bloomberg Billionaires Index, Ambani now has touched a worth of $72.4 billion. Reportedly, Google's Larry Page has a fortune of $71.6 billion, while Sergey Brin's is $69.4 billion. Tesla's Elon Musk has a worth of $68.6 billion. After Reliance's telecommunications company Jio received investments in billions from global giants like Facebook, Silver Lake and Qualcomm, the conglomerate's shares doubled, making Mukesh Ambani richer than Larry Page, Sergey Brin and Elon Musk. In July 2018,  Ambani had replaced Alibaba's Jack Ma to become Asia's richest man with a net worth of $44.3 billion. Meanwhile, on Monday as domestic markets opened the week on a strong note, Reliance Industries Ltd (RIL) became the first Indian company to reach a market capitalisation of ₹12 trillion as its shares doubled since mid-March. Clearly there is no stopping Reliance conglomerate and its chief Mukesh Ambani. WATCH | Qualcomm to invest Rs 730 crores in Reliance Jio