Mukesh Ambani loses Asia’s richest man crown to Ma
Having lost $5.8 billion in net worth on Monday as Reliance Industries share price crashed on the stock exchanges, Mukesh Ambani has lost the title of Asia’s richest man to Alibaba Founder Jack Ma. Reliance Industries’ share price took a beating after oil prices dipped below $30 a barrel.
According to the Bloomberg Billionaires Index, Jack Ma’s networth is at $44.8 billion while Ambani’s continues to be India’s richest man with a fortune of $41.8 billion. Amazon CEO Jeff Bezos continues to be the world’s richest man even though he lost $5.6 billion on Monday.
Global stock markets on Monday got a glimpse of the much feared ‘black swan event,’ a rarely seen extreme situation. In India, it was the biggest intraday fall for Sensex in absolute terms as it plunged 2,326.35 points in the afternoon.
