Mukesh Ambani becomes 2nd richest man in Asia

Mukesh Ambani has become the Asia’s second richest man according to the 2017 Bloomberg Billionaires Index (BBI). According to the 2017 index, Ambani’s net worth has risen to $35.8 billion (around Rs 2.2 lakh crore), making him the 19th richest person in the world, up from 29 at the end of 2016. The increase in the net worth of the chief of Reliance Industries comes partially from the rise in stock price of the energy major, which has made major bets on the retail and telecom industries. Currently, Alibaba Group founder Jack Ma is the richest person in Asia with a net worth of $43.2 billion.