Forbes 35th annual list: Ambani dethrones Jack Ma in Asia

Apr 08 2021 08:19 AM
Forbes 35th annual list: Ambani dethrones Jack Ma in Asia

India has the third-highest number of billionaires in the world after the United States and China, as per a new list by the leading Forbes magazine, which said Reliance Industries Chairman Mukesh Ambani reclaimed his spot as Asia’s richest person, dethroning Chinese business magnate Jack Ma who was the richest person in the region a year ago.

Forbes' 35th annual list of the world's billionaires is topped by Amazon CEO and Founder Jeff Bezos for the fourth year in a row. His net worth is USD 177 billion, up USD 64 billion from a year ago as a result of surging Amazon shares, Forbes said. On the second spot is SpaceX founder Elon Musk, who was the biggest gainer in dollar terms. Musk's fortune ballooned to USD 151 billion, a whopping USD 126.4 billion more than a year ago, when he had ranked 31 and was worth USD 24.6 billion, it said.

 "The main reason: a 705 per cent climb in Tesla shares," Forbes said. Ambani, the richest person in India and also the wealthiest in Asia, is ranked 10 on the global billionaires' list. He reclaimed his spot as Asia's richest person with a net worth of USD 84.5 billion. Ambani "has become the richest person in Asia, ranked Number 10 and worth an estimated USD 84.5 billion.

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