Mukesh Ambani, become the world’s sixth-richest person

Reliance Industries Ltd's chairman and managing director Mukesh Ambani has become the sixth-richest person in the world. Real-time net worth of Ambani grew from $2.17 billion on July 13 to $72.4 billion. He is both India's richest man, and Asia's. It looks as if he'll be a part of the exclusive club of the top five richest people in the world soon enough.

Mukesh Ambani is the only Asian who positions himself on the world's top 10 billionaires list. In the Bloomberg Billionaires Ranking, Jeff Bezos ($184 billion), Bill Gates ($115 billion), Bernard Arnault ($94.5 billion), Mark Zuckerberg ($90.8 billion) and Stele Ballmer ($74.6 billion) rank higher than Mukesh Ambani.

Since Monday's 3 percent leap in the shares of RIL, Ambani 's wealth has risen to $72.4 billion from $2.17 billion. Worth noting here is that the RIL stock so far this year has outperformed the Sensex by soaring 29 percent , compared with an 11 percent decline in the benchmark index.Following the increase in its share price, the market value of the oil-to-telecom conglomerate jumped to Rs 12,29,020.35 on the BSE by Rs 38,163.22 crore. Analysts say the RIL shares have been on the rise after the company revealed its intention to reduce its net debt by March 2021 to zero and stake sales in its Jio Platforms digital arm.

RIL's retail and Jio jointly contributed around 33 per cent to RIL 's combined earnings before interest , taxes, depreciation and amortization ( Ebitda) in FY20. In addition, Reliance Retail is the largest retail company in the world, with sales of about Rs 1.63 lakh crore for FY20 and Rs 9.654 crore for Ebitda.Jio, who attracted about Rs 1.18 lakh crore through share sales to 12 investors, including Mark Zuckerberg, revealed the new deal on the evening of July 12 when Qualcomm acquired a 0.15% share.