Mukesh Ambani no longer Asia's richest Man | who is now Asia's richest man

Mukesh Ambani no longer Asia's richest Man

The rout erased $5.8 billion from Ambani’s net worth

1. The rout erased $5.8 billion from Ambani's net worth.
2. Ambani replaced by Jack ma with $44.5 billion fortune.

Mukesh Ambani | Jack ma

Mukesh Ambani loses the title of richest Man in Asia giving away his crown to Jack ma after oil prices collapsed along with global stocks.

How Mukesh Ambani loses his title of richest Man? 

The rout, exacerbated by mounting fears that the spread of deadly coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani's net worth and dropped him to 2nd number on the list of richest people in Asia. 

Bloomberg Billionaires index according to them Jack ma the Alibaba group holding Ltd. Founder who remain no. 1 in ranking in mid-2018, is back on top with a $44.5 billion fortune.

How much Jack ma have more than Ambani?

Interestingly Jack ma, have $2.6 billion more than Ambani.

Interesting thing to know Mukesh Ambani net worth | Jack ma net worth

• Mukesh Ambani's estimated net worth now stands at $42.3 billion.
• China's Jack ma, on the other hand has net worth of $45.7 billion.
• Mukesh Ambani after losing the title of richest Man, Now stands at 19th richest Man in the world.
• Reliance Industries shares dropped by 12% in just one day. The volatility of crude oil prices has also impacted Mukesh Ambani's net worth.
• Jack ma, is now stands at 18the richest Man in the world.
• Last year Mukesh Ambani had add a $17 billion to his wealth.
• In 2018 Jack ma, had added $11.3 billion to his wealth.
• While the coronavirus had an impact on Alibaba group, but the demand for cloud computing apps has restored some parity.

Game is not over Ambani 62, could soon bounce back from the set back said Harish H.V., managing part at ECube investment advisors in bangaluru. Ambani has built a robust business model which would keep him in the game. Moreover his telecom business will start yielding results in coming years.

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