Mukesh Ambani joins $100 billion club
Indian businessman Mukesh Ambani now has a net worth of $100.6 billion, becoming the 11th person in the world worth 12 figures or more, according to the Bloomberg Billionaires Index.
Ambani is the chairman of India’s Reliance Industries Ltd., a company he inherited from his father in 2005.
He was able to make it on to the list of people worth $100 billion or more after his wealth increased by $23.8 billion this year.
The 64-year-old has expanded his energy business to include retail, technology and e-commerce, with the retail and technology sections raising $27 billion last year, according to Bloomberg.
The oil refining and petrochemicals businesses were given to Ambani after his father died in 2002, and a succession dispute broke out between Ambani and his brother since their father did not leave a will. Ambani got the oil refining businesses, while his brother got the power generation, financial services and telecommunications services.
Among the 11 men in the $100 billion club are well-known names such as Warren Buffett, Mark Zuckerberg, Jeff Bezos and Elon Musk.
Musk is in the top spot at $222.1 billion, while Bezos is in second at $190.8 billion.