Mukesh Ambani turns 8th richest person in the world

Mukesh Ambani remains India's richest man on Forbe's list

Reliance Industries (RIL) Chairman Mukesh Ambani is now the eighth richest person in the world and the wealthiest Indian with a fortune of $83 billion, according to the Hurun Global Rich List 2021. Ambani’s wealth increased 24 per cent on a year-on-year basis on the back of a surge in the value of energy-to-telecom giant RIL.

“India’s largest exporter, Reliance accounts for 8 per cent of the country’s exports and 5 per cent of India’s total revenues from customs and excise duty. Reliance is planning a calculated shift to renewable energy and has decided to venture into the battery-making business ahead of the electric vehicle boom,” said the Hurun statement. According to the Hurun report, India now has 209 billionaires, of which 177 live in India. Hurun report released its 10th edition of Hurun Global Rich List on March 2, ranking 3228 billionaires from around the world.

Despite the ongoing global coronavirus pandemic total wealth of billionaires saw 32 percent increase in total global wealth to $14.7 trillion. Wealth calculations are a snapshot of January 15, 2021. Forty Indians entered the billionaires’ club in the pandemic-stricken 2020 to take the number of those in the coveted list to 177 people, a report said on Tuesday.