Forbes Billionaire List 2019: Mukesh Ambani Becomes 13th Richest Man, Amazon Founder Jeff Bezos Stays On Top

News World India | 0
| March 6 , 2019 , 17:44 IST

Reliance Industries chairman Mukesh Ambani jumped six places to become the 13th richest person on earth in the latest Forbes Billionaires List 2019 on Wednesday.

Amazon founder Jeff Bezos again topped the list as the world’s wealthiest person ahead of Bill Gates and Warren Buffett, as his riches swelled by USD 19 billion in one year and is now worth USD 131 billion, Forbes report said.

As per Forbes, “Ambani chairs and runs USD 60 billion (revenue) oil and gas giant Reliance Industries, among India's most valuable companies.”

“In 2016, Reliance sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio.”

The financial magazine further mentioned that Jio has signed on 280 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones.

With this, Mukesh Ambani has out done Alibaba’s Jack Ma who ranked 21, Tesla’s Elon Musk on 40, and India-based Wipro head Azim Premji who ranked 36. From the previous year, Mukesh Ambani’s wealth has soared about $10 billion.

Notably, the list of Forbes Indian billionaires includes Aditya Birla Group chairman Kumar Birla (122), Adani Group chairman Gautam Adani (167), Bharti Airtel boss Sunil Mittal (244), co-founder of FMCG giant Patanjali Ayurveda Acharya Balkrishna (365).

According to Forbes’ there are 2,153 billionaires globally. Also, 195 of those who made it to the list are newcomers. Spotify’s Daniel Ek and Martin Lorentzon are among the new additions in the list.

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Anil Ambani, the younger sibling of Mukesh Ambani was ranked 1349 on the list with a net worth of USD 1.8 billion. Facebook founder Mark Zuckerberg fell three positions to grab 8th spot with a net worth of 62.3 billion