Once again Mukesh Ambani becomes Asia’s richest man, overtakes China’s Zhong Shanshan

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Mukesh Ambani overtook this Chinese billionaire

Mukesh Ambani, chairman of Reliance Industries, has once again become the richest man in Asia. This week, the Chinese Billionaire Zhong Shanshan Company has seen a 20 percent decline in its share value, due to which there has been a significant decline in its assets. In the Forbes billionaires index, Mukesh Ambani is the 10th richest in the world, while Zhong Shanshan has reached the thirteenth position।

According to information available on Forbes, Mukesh Ambani’s current assets are $ 81.3 billion while Zhong Shanshan’s assets have come down to $ 77 billion. In this list, once again Jeff Bezos of Amazon has overtaken Elon Musk. With assets of $ 181.5 billion, Bezos has reached the first position, while Elon Musk is in second place with $ 161.5 billion. Bernard Family is in third place with $ 155 billion and Jeff Bezos in fourth place with $ 123.2 billion।

Due to the huge jump in shares of Zhong’s water company Nongfu Spring, he won the title of China’s richest man, leaving behind Jack Ma first and leaving Mukesh Ambani to become the richest person in Asia. The company had raised $ 1.1 billion in funds through an IPO. Zhong Shanshan is also the chairman of Beijing Wantai Biological Pharmacy Company Limited. This week, a huge decline has been recorded in the global stock market. The Chinese and Hong Kong stock markets have fallen the most, due to which their property has fallen drastically।

On the last day of this week, shares of Reliance fell sharply. On Friday, it closed at Rs 2085.80 per share, down 2.73 percent (Rs 58.55). The company’s market cap has come down to 13 lakh 44 thousand 318 crores. Weekly, the company’s stock has recorded a gain of 0.26 percent. The stock of Nongfu Spring in the Hong Kong stock market has fallen by 19.53 percent this week. On Friday, it closed at 51.50, down 9.17 percent।

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