{"id":341266,"date":"2020-03-11T10:48:55","date_gmt":"2020-03-11T05:18:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341266"},"modified":"2020-03-11T11:20:57","modified_gmt":"2020-03-11T05:50:57","slug":"mukesh-ambani-lost-asia-wealth-crown-to-jack-ma-in-5-8-billion-rout","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mukesh-ambani-lost-asia-wealth-crown-to-jack-ma-in-5-8-billion-rout\/","title":{"rendered":"Mukesh Ambani lost Asia wealth crown to Jack Ma in $5.8-billion rout"},"content":{"rendered":"<p>Indian energy tycoon Mukesh Ambani is no longer Asia\u2019s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks. <\/p>\n<p>The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani\u2019s net worth on Monday and pushed him to No. 2 on the list of Asia\u2019s richest people, according to the Bloomberg Billionaires Index. <\/p>\n<p>Ma, the Alibaba Group Holding founder, who ceded the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani. <\/p>\n<p>Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian energy tycoon Mukesh Ambani is no longer Asia\u2019s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks. The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani\u2019s net worth on Monday and pushed him to No. 2 on the list of Asia\u2019s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding founder, who ceded the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-341266","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=341266"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341266\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}