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With a fortune of $68 bn, Mukesh Ambani now richer than Warren Buffet

Shares of Ambani's conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook and Silver Lake

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While Mukesh Ambani’s wealth has jumped — he is the only Asian tycoon among the world’s 10 richest people — Buffett has slipped down the rankings after donating over $37 billion of Berkshire stock since 2006

Bloomberg

2 min read Last Updated : Jul 11 2020 | 1:25 AM IST

Mukesh Ambani has had a rollercoaster 2020, cutting a string of deals for his digital business, undergoing wild swings in his wealth and having his brother’s finances laid bare for the world to see.

Now he can add another chapter — eclipsing the fortune of Warren Buffett.

The chairman of Reliance Industries is now worth $68.3 billion, surpassing Buffett’s $67.9 billion as of Thursday, according to the Bloomberg Billionaires Index. Shares of Ambani’s conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook and Silver

Topics : Mukesh Ambani Warren Buffett Reliance Industries Ltd Berkshire Hathway