The richest person of Asia, Mukesh Ambani has now joined CEO of Tesla, Elon Musk and founder of Amazon, Jeff Bezos in the USD 100 billion club as Reliance Industries Limited equity stock breached to a record high level on Friday.
According to the Bloomberg Billionaires Index, the personal wealth of Chairman & Managing Director of Reliance Industries Ltd is now worth USD 100.6 billion and has officially joined eleven other in the world's most exclusive wealth club.
Mukesh Ambani had taken over his late father Dhirubhai Ambani's oil-refining and petrochemicals businesses back in 2005.
Since then, he has endeavored to transform his energy business into a retail, technology, and e-commerce giant.
Ambani's telecommunications unit, Jio was launched in 2016 and has already become the dominant carrier across the country.
The retail and technology ventures of Mukesh Ambani hasbraised nearly USD 27 billion in 2020 by selling stakes to global powerhouse investors such as Google, Facebook and Silver Lake.
Mukesh Ambani has unveiled an ambitious push into green energy production in June, with a planned investment of USD 10 billion over the period of three years.
Ambani had stated that his company would "aggressively" seek production of cheaper green hydrogen.
Mukesh Ambani has added USD 23.4 billion to his wealth so far, this year.