Forbes' Billionaire 2023 list, which was released on Tuesday, April 4, said that Mukesh Ambani had reclaimed his position as Asia's richest person after challenger Gautam Adani dropped to No. 24. "With his estimated value of USD 126 billion on January 24, Adani was the third-richest person in the world. However, a report released later that day by American short-seller Hindenburg Research sent his companies' shares plunging, "states Forbes.
His net worth is now USD 47.2 billion and is the second richest Indian behind Ambani. With a net worth of USD 83.4 billion, Ambani, 65, was ranked at No. 9 on the world billionaire list. "Last year, Ambani's oil-to-telecom behemoth Reliance Industries became the first Indian company to surpass USD 100 billion in revenue," Forbes said.
Ambani, it said, sidestepped speculation about succession by giving his children key roles last year: Older son Akash is the chairman of telecom arm Jio Infocomm; daughter Isha is the head of the retail business; and younger son Anant works in Reliance's new energy ventures. The 25 richest people in the world are worth a collective USD 2.1 trillion, according to Forbes' World's Billionaires list.
No one lost more than Jeff Bezos as Amazon shares slipped by 38%. The drop lopped USD 57 billion from Bezos' fortune and knocked him from No. 2 in the world in 2022 to No. 3 this year.
This year's 2nd-biggest loser, Elon Musk, had it worse. He lost his title of world's richest person after his pricey purchase of Twitter, which he funded in part by the sale of Tesla shares, helping to spook investors.
Reliance appoints Venkatachari Srikanth as new CFO, Alok Agarwal Sr Advisor to Ambani
