Mukesh Ambani Re-Joins $100 Billion Club (Centibillionaire)

Mukesh Ambani, who is the wealthiest person in Asia and India, has once again become a centi-billionaire. His net worth has increased by $6.46 billion, reaching $103 billion, after shares of his flagship company, Reliance Industries Ltd., rose to an all-time high. As the chairman of Reliance, Ambani owns 42% of the company, which has interests in a range of sectors, including energy, telecommunications, and retail.

He is the 12th-richest person in the world, ahead of L’Oreal heir Francoise Bettencourt Meyers. Ambani, 66, has helped build Reliance into India’s largest company by market value.

Last year, his eldest son, Akash, an alumnus of Brown University, took over as chairman of wireless operator Reliance Jio Infocomm Ltd., while younger son Anant took on the group’s renewable energy flank. His daughter Isha, a Yale University graduate and a former McKinsey & Co. consultant, oversees the group’s retail business. All three were appointed to Reliance’s board in August last year.

There are only 12 individuals in the world who belong to the $100 billion club, including Ambani, Bill Gates, Mark Zuckerberg, and Jeff Bezos. Elon Musk, who is the richest person on the planet, is the only one with a net worth exceeding $200 billion.

List of centibillionaires

1. Elon Musk $206 billion
2. Jeff Bezos $179 billion
3. Bernard Arnault $162 billion
4. Bill Gates $140 billion
5. Mark Zuckerberg $135 billion
6. Steve Ballmer $135 billion
7. Larry Page $129 billion
8. Larry Ellison $122 billion
9. Sergey Brin $122 billion
10. Warren Buffett $122 billion
11. Carlos Slim $103 billion
12. Mukesh Ambani $103 billion

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