Mukesh Ambani could become Asia’s top tycoon
- 6 years ago
Mukesh Ambani, chairman Reliance Industries, was estimated to be worth $44.3 billion on Friday with RIL trading 1.7% higher. Jack Ma’s wealth stood at $44 billion at close of trade on Thursday in the US, where the company is listed. Ambani has added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity
and investors cheered the success of his disruptive telecom upstart Reliance Jio Infocomm Ltd. Then earlier this month, RIL unveiled plans to expand his e-commerce offerings, taking on the likes of Amazon.com Inc. and Walmart Inc. RIL will introduce a fiber-based broadband service across 1,100 Indian cities in August. Alibaba Group Holding Ltd.’s Ma has lost $1.4 billion in 2018.
and investors cheered the success of his disruptive telecom upstart Reliance Jio Infocomm Ltd. Then earlier this month, RIL unveiled plans to expand his e-commerce offerings, taking on the likes of Amazon.com Inc. and Walmart Inc. RIL will introduce a fiber-based broadband service across 1,100 Indian cities in August. Alibaba Group Holding Ltd.’s Ma has lost $1.4 billion in 2018.