Reliance Industries Chairman Mukesh Ambani has once again become the wealthiest person in Asia after China’s Zhong Shanshan lost $22 billion this week, according to Bloomberg Billionaires Index.
Zhong Shanshan is a Chinese billionaire businessman. He is the founder and chairperson of the Nongfu spring beverage company and the majority owner of Beijing Wantai Biological Pharmacy Enterprise.
Zhong Shanshan’s bottled-water company tanked a record 20 percent this week, making Mukesh Ambani the richest person in Asia.
Shanshan had previously become Asia’s richest person, surpassing Chinese tech titans like Jack Ma, Bloomberg had reported.
With a net worth of about $80 billion, Mukesh Ambani is now richer than Zhong Shanshan, who is worth $76.6 billion.
For the past two years, Mukesh Ambani has to lead the ranking of Asia’s richest people. But, Zhong Shanshan grabbed the title of Asia’s richest person from Mukesh Ambani after the listing of his two companies. By early 2021, Zhong Shanshan was the sixth-wealthiest person on Earth.
Mukesh Ambani, on the other hand, has turned his empire and lifted his fortune by selling stakes in Reliance’s digital and retail units to investors including Google and Facebook Inc.
In the last year 2020, Mukesh Ambani had dropped to three positions in the Forbes, Real-Time Billionaires list after Reliance Industries Limited (RIL) losses in the stock market. last month in January SEBI imposes a fine on Mukesh Ambani, RIL for ‘manipulative trading’
