Mukesh Ambani

The bear market in 2022 was a rough patch for billionaires around the world. Or at least, for their balance sheets. Last year’s annual ranking of the planet’s richest people by Forbes, featured 87 fewer people than in 2021, with the group losing a collective $400 billion on the heels of...

India’s super-rich are getting richer at a faster clip than their American peers like Tesla Inc CEO Elon Musk and Amazon.com, Inc (NASDAQ: AMZN) Chair Jeff Bezos. What Happened: Coal and green energy tycoon Gautam Adani, Asia’s...

This article was originally published on Aug. 27, 2022. Indian billionaire Mukesh Ambani, whose net worth has outperformed Tesla CEO Elon Musk and Amazon founder Jeff Bezos, just purchased a massive new property.  Ambani-led Reliance Industries Ltd has recently bought a beach-...

A market sell-off on the heels of Consumer Price Index (CPI) inflation data Tuesday saw the broader U.S. markets post their worst day year-to-date in 2022. Here’s a look at how the market collapse impacted the wealth of the richest people in the world. What’s Happened: Tuesday marked...

Indian billionaire Mukesh Ambani, whose net worth has outperformed peers like Tesla Inc (NASDAQ: TSLA) CEO Elon Musk and Amazon.com Inc (NASDAQ: AMZN) founder Jeff Bezos this year, took 'nil' salary home for a second consecutive year in the financial year 2021-22. What Happened: According...

The S&P 500 posted its worst first half to a year since 1970. The sharp declines for many publicly traded companies sent the net worth of the world’s richest billionaires down to start the year. Here’s how much wealth the top 10 richest people lost. What Happened: The 500 richest...

Indian conglomerate Reliance Industries' chairman Mukesh Ambani has once again become Asia's richest person. What Happened: According to the Bloomberg Billionaires Index, Ambani surpassed his rival Adani group chairman Gautam Adani on Friday as the shares of India's most valued company...

The world’s richest people have struggled to maintain their massive wealth in 2022 with many stocks down year-to-date and the overall market seeing a pullback. Here’s a look at how the top ten billionaires have fared. What Happened: The top 10 richest people in the world have lost a...

Indian OTT space is heating up with the country's top two billionaire tycoons —  Mukesh Ambani and Gautam Adani — gearing up to compete against each other. This is unlikely to be good news for Netflix Inc (NASDAQ: NFLX) — which is already reeling under the...

While Tesla Inc. (NASADQ:TSLA) CEO Elon Musk remains the world’s richest person, Indian billionaire Gautam Adani has dethroned compatriot Mukesh Ambani to become the richest person in Asia. What Happened: Adani — chairman of the power-to-ports conglomerate Adani Group —is now the...

Reliance Industries, headed by Asia's richest person Mukesh Ambani, is making a big play in the green energy space. What Happened: Reliance has acquired Norweigian solar panel maker REC Solar Holdings AS in a deal valued at $771 million, the company said in a statement Sunday....

India’s richest man Mukesh Ambani plays a crucial role in U.S. tech giants including Facebook Inc. (NASDAQ: FB) and Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) unit Google finding success in India, according to a report by CNN. What Happened: Ambani has been making intense efforts to...

Elon Musk could face a stiff challenge from India’s richest person Mukesh Ambani as Tesla Inc.’s (NASDAQ: TSLA) founder intensifies focus on expanding his business in the South Asian nation. What Happened: Ambani’s Reliance Industries said Sunday it has acquired a majority stake...

Bloomberg has released its list of the wealthiest families in Asia for 2020. Same Faces At The Top: According to the report, the 20 wealthiest families in Asia together have $463 billion under their control, up about $10 billion from last year. The list does not include first-...

The Indian retail segment is attracting more attention from institutional investors and big tech companies, and Washington D.C.-based private equity firm Carlyle Group Inc (NASDAQ: CG) is the latest to express interest.  What Happened: The alternative asset management company is...