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Mukesh Ambani dethrones Jack Ma in Asia: Forbes

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New York, April 7
India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries Chairman Mukesh Ambani reclaimed his spot as Asia s richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
Forbes 35th annual list of the world s billionaires is topped by Amazon CEO and Founder Jeff Bezos for the fourth year in a row.
His net worth is USD 177 billion, up USD 64 billion from a year ago as a result of surging Amazon shares, Forbes said. ....

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Forbes richest billionaires list: Mukesh Ambani India's richest with $84.5 bn, Gautam Adani 2nd

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Forbes richest billionaires list: Mukesh Ambani India s richest with $84.5 bn, Gautam Adani 2nd
Reliance Industries Chairman Mukesh Ambani topped the Forbes list of India s 10 richest billionaires with a net worth of $84.5 billion, followed by Adani Group chief Gautam Adani.
Amid the Covid-19 pandemic, Ambani accomplished a fund-raising feat, garnering $35 billion through a string of deals to achieve his target of reducing his flagship Reliance Industries net debt to zero by 2021.
He also sold a third of telecom unit Jio to marquee investors such as Facebook and Google and offloaded 10 per cent of Reliance Retail to private equity firms such as KKR and General Atlantic, plus concluded a $7.3 billion rights issue of Reliance shares, Forbes said. ....

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India has third highest number of billionaires in the world: Forbes

India has third highest number of billionaires in the world: Forbes
April 07, 2021
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Notwithstanding the overall decline in economic growth, India has the third highest number of billionaires, ahead of Germany and Russia, according to
Forbes’ 35th annual list of the world’s wealthiest.
India now has 140 billionaires behind US (724) and China (456)
New faces
Nineteen Indian newcomers joined the list, while another 19 returned to the list after falling off in the past.
Among the new faces is octogenarian Prathap Reddy, founder and Chairman of Apollo Hospitals Enterprise. Arvind Lal, who founded and runs diagnostics chain, Dr Lal PathLabs, which received government approval to conduct Covid-19 tests, also makes his debut. ....

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Forbes list of India's 10 richest billionaires: Mukesh Ambani richest with $84.5 billion, Gautam Adani second

New Delhi: Reliance Industries Chairman Mukesh Ambani topped the Forbes list of India s 10 richest billionaires with a net worth of $84.5 billion, followed by Adani Group chief Gautam Adani.
Amid the COVID-19 pandemic, Ambani accomplished a fund-raising feat, garnering $35 billion through a string of deals to achieve his target of reducing his flagship Reliance Industries net debt to zero by 2021.
He also sold a third of telecom unit Jio to marquee investors such as Facebook and Google and offloaded 10 per cent of Reliance Retail to private equity firms such as KKR and General Atlantic, plus concluded a $7.3 billion rights issue of Reliance shares, Forbes said. ....

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Mukesh Ambani India's richest with $84.5 billion, Gautam Adani 2nd: Forbes

INDIA New England News
Mukesh Ambai
New Delhi–Reliance Industries Chairman Mukesh Ambani topped the Forbes list of India’s 10 richest billionaires with a net worth of $84.5 billion, followed by Adani Group chief Gautam Adani.
Amid the Covid-19 pandemic, Ambani accomplished a fund-raising feat, garnering $35 billion through a string of deals to achieve his target of reducing his flagship Reliance Industries’ net debt to zero by 2021.
“He also sold a third of telecom unit Jio to marquee investors such as Facebook and Google and offloaded 10 per cent of Reliance Retail to private equity firms such as KKR and General Atlantic, plus concluded a $7.3 billion rights issue of Reliance shares,” Forbes said. ....

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