After the recent deal with Facebook Inc., Mukesh Ambani, Reliance Industries Chairman and Managing Director, is once again the richest man in Asia.
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According to the Bloomberg Billionaires Index, Ambani has toppled Jack Ma, founder of Alibaba Group, to get to the top spot in Asia. After this deal, Ambani’s fortune surged to $49.2 billion on April 23rd which is about $3.2 billion more than Ma’s current net worth of $46 billion.
According to Business Today, Facebook has agreed to pump in $5.7 billion (₹43,574 Cr.) for a 9.9% stake in Jio platforms.
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In a statement Ambani said,
The synergy between Jio and Facebook will help realise Prime Minister Narendra Modi’s ‘Digital India’ with its two ambitious goals – Ease of living and Ease of Doing Business – for every single category of Indian people without exception.
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On the other hand, Mark Zuckerberg, in a Facebook post, said,
India is home to the largest communities on Facebook and WhatsApp, and a lot of talented entrepreneurs. The country is in the middle of a major digital transformation and organisations like Jio have played a big part in getting hundreds of millions of Indian people and small businesses online.
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Mukesh Ambani is currently the 17th richest man in the world, which is two ranks ahead of Ma’s 19th spot.