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Bloomberg Billionaires Index: Jeff Bezos is number 1 but what’s Mukesh Ambani’s rank?

Where is Mukesh Ambani on the list?

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Amazon Chief Jeff Bezos is now the wealthiest man on the planet according to Bloomberg Billionaires Index, worth $ 64 billion more than his next competitor Bill Gates. But what about Indians?  Interestingly, in that list Mukesh Ambani almost made the cut, coming 11th. The profile says Ambani is now worth $48.3 billion with a net change of 603 million.

His profile reads: “Ambani controls 40 percent of Reliance Industries, owner of the world's largest oil refining complex. The Mumbai-based conglomerate's other businesses include a 4G wireless network across India. The billionaire also owns a residential property worth more than $400 million and the Mumbai Indians professional cricket team.”

Which Indians made the list? 

Global List:

1 Jeff Bezos $161B  

2 Bill Gates $97.4B

3 Warren Buffett $88.2B

4 Bernard Arnault $72.1B

5 Amancio Ortega $65.2B

6 Mark Zuckerberg $64.6B

7 Carlos Slim $59.8B +$267M -

8 Larry Page $57.1B -$260M

9 Sergey Brin $55.6B -$276M

10 Larry Ellison $54.0B +$70.2M

11 Mukesh Ambani $48.3B

Which Indians made the list? 

According to Bloomberg Billionaires Index, Bezos’ network is about $55 billion more than Microsoft co-founder Bill Gates, the world’s second-richest person. In 1999, his total net worth briefly hit the $100 billion mark, which would be worth about $149 billion today in inflation-adjusted terms.

The report added that Amazon’s Chief Executive Officer is richer than anyone else on Earth since at least 1982. This was the year, Forbes starting publishing its inaugural wealth ranking.

In March this year, Bezos had dislodged Warren Buffett as the third-richest person globally with an estimated worth of $65.3 billion, said Forbes real-time wealth tracker. Buffett's worth was pegged at $64.9 billion. "Bezos has seen his fortune swell on Amazon's success and the 52-year-old has surpassed Warren Buffett as the third-richest person on the planet," Forbes said. Amazon has reported robust second-quarter earnings, with the company posting a profit of $857 million; significantly up from $92 million a year ago.

E-commerce major Amazon has also pumped in Rs 230 crore in its Indian payments arm, Amazon Pay, as it looks to strengthen its operations in the country and compete head-on with the likes of Flipkart's PhonePe and Alibaba-backed Paytm in India.

Amazon, which is competing with homegrown rival Flipkart in the Indian market, has pumped in substantial funding across operations to expand its operations in the country and build delivery infrastructure. Its founder, Jeff Bezos has committed an investment of $5 billion in the Indian market.

 

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