Mukesh Ambani beats Elon Musk, becomes world's sixth richest man
Mumbai : Mukesh Ambani went past Elon Musk and Alphabet founders Sergey Brin and Larry Page to become the world's sixth-richest man.
The Reliance Industries Limited chairman now worths $72.4 billion, according to the Bloomberg Billionaires Index. His wealth rose dramatically after March when one of his companies Jio received huge amount of investments from companies including Facebook, Silver Lake and, most recently, Qualcomm.
Mukesh Ambani's energy empire is slowly shifting to e-commerce, with tech giants seeking to take a piece of India's fast-growing digital business.
India has emerged as the new investment opportunity after China's image deteriorated amid the coronavirus crisis.
Google on Monday announced an investment of $10 billion in India in coming five to seven years. It will be helping India in accelerating the process to adopt digital technologies.
After a drop in U.S. tech shares on Monday, Page's fortune now stands at $71.6 billion, while Sergey Brin's is at $69.4 billion and Tesla's Elon Musk is worth $68.6 billion. Warren Buffett's net worth dropped last week after he gave away $2.9 billion to charity.