Mukesh Ambani now richer than Warren Buffet, in the top 10 richest of the world

Mukesh Ambani, the chairman of Reliance Industries is now worth $102 billion, equalling and edging past Warren Buffett’s wealth kitty as of Thursday, according to the Bloomberg Billionaires Index.

Ambani’s wealth has jumped $25 billion this year alone as he became the only Asian tycoon in the exclusive club of the world’s top 10 richest people. To put it in perspective, Mukesh Ambani's net worth equals the economy of Morocco and the gain in just this year is the GDP of Iceland.

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Shares of Ambani’s conglomerate have almost tripled since the low in March 2020 as shareholders enjoyed the rally backed by $40 billion plus investment into Jio, a stake sale to oil giant Aramco and the big green push from India's biggest company.