Mukesh Ambani becomes 6th richest person in the world

Ambani, who is the Chairman and MD of oil-to-telecom conglomerate Reliance Industries, has made billions in the last few days, growing richer than ever.

Earlier last week, his net worth was about $68.3 billion, but since then, there has been an addition of $4.1 billion, according to Bloomberg.

This takes his total net worth to $72.4 billion, making him the sixth-richest in the world.

With the latest developments, Ambani is richer than Google co-founder Larry Page ($71.6 billion) and Sergey Brin ($69.4 billion), investment legend Warren Buffett ($69.7 billion), and Tesla, SpaceX boss Elon Musk ($68.6 billion).

Meanwhile, ahead of him are Amazon boss Jeff Bezos ($184 billion), Microsoft co-founder Bill Gates ($115 billion), French billionaire Bernard Arnault ($94.5 billion), Facebook co-founder Mark Zuckerberg ($90.8 billion), and Steve Ballmer ($74.6 billion).

While there is a long road ahead to reach the top, there is no denying that Ambani was quick to recover after losing $19 billion (or $300 million per day) over two months due to the COVID-19 pandemic.

As of March 31, his net worth was estimated to be about $48 billion, much lower than what it is today.

The increase in Ambani's wealth comes in the wake of the fund-raising spree of Reliance Industries' telecom-to-digital venture Jio Platforms.

The entity has raised more than $15.6 billion from a number of investors, including Facebook, Qualcomm, and Intel, in the recent months, making RIL debt-free much before promised and zooming the share price of the conglomerate by 25.8% since the beginning of this year.