Business Standard

Mukesh Ambani is again richest Asian as China's Zhong loses $22 billion

With a net worth of about $80 billion, Ambani is again richer than Zhong Shanshan, whose bottled-water company tanked a record 20 per cent this week

With a net worth of about $80 billion, Mukesh Ambani (left) of RIL is again richer than Zhong Shanshan, whose bottled-water company tanked a record 20% this week
Premium

With a net worth of about $80 billion, Mukesh Ambani (left) of RIL is again richer than Zhong Shanshan, whose bottled-water company tanked a record 20% this week

Venus Feng | Bloomberg
India’s Mukesh Ambani is back to being the wealthiest person in Asia.

Despite a brutal week for markets, his Reliance Industries was relatively unscathed as it said it would spin off its oil-to-chemicals business into an independent unit. With a net worth of about $80 billion, Ambani is again richer than Zhong Shanshan, whose bottled-water company tanked a record 20 per cent this week. The Chinese tycoon is worth $76.6 billion, down more than $22 billion from a peak just last week, according to the Bloomberg Billionaires Index.

Ambani spent most of the past two years leading the ranking of Asia’s richest

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 26 2021 | 10:30 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com