On Thursday, 5th March 2019, the FORBES magazine’s Billionaire list as of 2019 was published. Jeff Bezos sill made it to the top of the FORBES Billionaire list. Jeff Bezos is the founder and CEO of Amazon (online e-commerce site). His present net worth is USD 131 billion.
On the same list, Mukesh Ambani made net worth of USD 50 billion (Rs 3.5 Lakh Crores). This made his position move ahead 6 places securing his ranks at 13th ranking in FORBES, 2019. Earlier, Mukesh Ambani’s net worth of USD 40.1 billion ranked him at 19th position in FORBES, 2018. Simultaneously, Mukesh Ambani’s net worth made him reach 1st rank in India’s Richest in FORBES, 2018.
Mukesh Ambani, at age 61, is the Chairman of Oil and Gas Giant of the Reliance Industries. This industry is presently valued at USD $60 billion. Around 1966, the Company Reliance was founded by Mukesh Ambani’s late father, Dhirubhai Ambani. At that point in time, he was a yarn trader and textile manufacturer. After their father passed away in 2002, Mukesh and Anil (younger brother) took over the business.
Around 2016, Mukesh Ambani’s Reliance launched its high-price telecom 4G-Phone Services called Jio. Moreover, FORBES magazine reported that “Reliance made a fortune after launching in 2016”. Mukesh Ambani’s Reliance Jio telecom services have drawn over 280 million customers. The Jio services offer several free of cost and cost-effective services. These include “voice-calls”, cost-effective “data services” and SmartPhones.