- Indian businessman Mukesh Ambani is worth $US68.4 billion, making him the richest person in India and all of Asia.
- Ambani, the chairman and largest shareholder of oil-to-telecom conglomerate Reliance Industries, is almost four times richer than the second-richest person in India.
- Ambani and his family live in a 27-story skyscraper in Mumbai that cost an estimated $US1 billion to build, which would make it one of the most expensive homes anywhere in the world.
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Mukesh Ambani has been India’s richest person for 12 years in a row. He’s also the richest person in all of Asia, according to both Forbes and Bloomberg.
Ambani’s wealth has more than doubled in the past 10 years, and he grew richer in 2019 even as most of India’s richest people lost money. His fortune took a hit in the spring of 2020 due to the coronavirus pandemic, but his companies have since been thriving.
Here are 11 mind-blowing facts that show just how wealthy Asia’s richest man really is.
Mukesh Ambani, the richest person in India and all of Asia, has more than doubled his wealth in the past 10 years.
Ambani is the first Asian member of the world’s top 10 richest people.
In 2020, his wealth surpassed that of Oracle cofounder Larry Ellison and the world’s richest woman, Francoise Bettencourt Meyers, to become the ninth-richest person in the world, per Fortune.
Ambani now sits just below Google cofounder Sergey Brin, who’s worth $US68.5 billion.
Ambani and his family live in a 27-story skyscraper in Mumbai that cost an estimated $US1 billion to build.
That would make it one of the most expensive homes anywhere in the world.
Although most of India’s richest people lost money last year due to slower economic growth, Ambani added more than $US16.4 billion to his fortune in 2019.
India’s automobile and consumer goods industries suffered in 2019, but Ambani’s wealth continued to grow largely thanks to his five-year-old telecom company, Jio, which now has 388 million subscribers, according to Forbes.
Ambani is almost four times richer than the second-richest person in India, Azim Premji.
Premji, the chairman and majority shareholder of IT company Wipro, has an estimated net worth of $US16.8 billion.
Ambani gets approximately $US31,202 richer every minute.
That’s based on his his $US16.4 billion growth in wealth in 2019, divided by the 525,600 minutes that make up a year.
His income in 2018 was 7.2 million times the average annual salary in India.
In 2018, the average salary of regular workers in India was 162,744 rupees, or $US2,283, according to a 2018 study from Azim Premji University, “State of Working India.”
In 2019, Ambani made an average of almost $US4.5 million per day.
That’s based on the $US16.4 billion he added to his fortune throughout the year.
Ambani’s wealth is greater than the entire GDP of Tanzania.
Tanzania’s GDP was about $US63.2 billion in 2018, according to World Bank data.
In fact, his net worth is greater than the GDPs of Latvia, Botswana, and Niger — combined.
The GDP of Latvia is $US34.1 billion, Botswana’s is $US18.3 billion, and Niger’s is $US12.9 billion, for a total of $US65.3 billion.