Tuesday Mar 02, 2021
Indian Business tycoon Mukesh Ambani is now among the eighth richest people of the world, according to Hurun Global Rich List 2021 published Tuesday.
The Mumbai-based business tycoon's wealth went up by 24% to US$83bn, on the back of a surge in the value of Reliance Industries Limited, the report said.
"India's largest exporter, Reliance, accounts for 8% of the country’s exports and 5% of India's total revenues from customs and excise duty," it said.
Moreover, Tesla CEO Elon Musk topped the list after adding a massive $151 billion during the year to take his net worth to $197 billion. Amazon's boss Jeff Bezos ranked second with $189 billion in net worth.
Bernard Arnault, chief executive of LVMH Moët Henness, the world's largest luxury-goods company with a net worth of $114 billion, Microsoft founder Bill Gates with $110 billion, and Facebook founder Mark Zuckerberg with $101 billion were among the top five billionaires.
The report also revealed that the world added 421 billionaires in 2020 — an average of eight a week.
“Billionaires have added in the past year the equivalent of the GDP of Germany to take their wealth to the equivalent of China. They added US$3.5tn to take their total wealth to US$14.7tn, a huge concentration of economic power," it said.