New Delhi: Mukesh Ambani, the chairman of Reliance Industries (RIL), has again become Asia’s richest person following a deal with Mark Zuckerberg’s Facebook. This places him ahead of Chinese billionaire Jack Ma.
Ambani’s fortune rose about $4.7 billion to $49.2 billion on Wednesday, after Reliance Industries Ltd. gained 10%. The jump put Ambani about $3.2 billion ahead of China’s Jack Ma, according to the Bloomberg Billionaires Index.
The transaction was Facebook’s biggest bet since it acquired WhatsApp in 2014 and also its largest investment in India.
According to the real-time ranking, Ambani is the 17th richest person in the world.
Jio Platforms, Reliance Retail and Facebook’s WhatsApp service have also entered into a commercial partnership agreement.