Mukesh Ambani only Asian among world’s 10 richest

Asia’s richest man has entered a new league of wealth. The net worth of Mukesh Ambani, chairman of Reliance Industries Ltd (RIL), has jumped to $64.5 billion, making him the only Asian tycoon in the exclusive club of the world’s top 10 richest people, according to the Bloomberg Billionaires Index. He overtook Larry Ellison of Oracle Corp. and France’s Francoise Bettencourt Meyers, the wealthiest woman, to reach the No. 9 spot.

RIL on Monday became the first Indian firm to hit a market valuation of $150 billion helped by a continuous rally in its share price. The heavyweight stock surged 2.53% to a record high of ₹1,804.10 on the BSE.

PTI contributed to this story.