Mukesh Ambani world's 5th richest after RIL market cap tops Rs 13 trillion

Ambani, who owns half of RIL's equity, managed to achieve this feat after raising funds from a slew of marquee investors in the Jio wireless telephony business

Mukesh Ambani inched to the fifth position in the Forbes’ global rich list on Wednesday as Reliance Industries’ market capitalisation (m-cap), including the partly paid shares, topped the Rs 13-trillion mark.

Ambani, who owns half of RIL’s equity, managed to become the fifth richest in the world after raising funds from a slew of marquee investors in the Jio wireless telephony business.

In the Forbes’ real-time billionaires’ list, Jeff Bezos tops the league table, followed by Bill Gates, Bernard Arnault family, Mark Zuckerberg, and Ambani. The Indian billionaire is now ahead of Elon Musk, Larry Ellison, and Warren Buffett.

In US dollar terms,