Business magnate Mukesh Ambani is the fourth richest person in the world with a personal wealth of $80.6 billion in 2020, according to the Bloomberg Billionaires Index, a daily ranking of wealthiest individuals.

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Ambani, chairman and managing director of Reliance Industries Ltd, has surpassed Bernard Arnault, chairman and CEO, LVMH Moet Hennessy Louis Vuitton. Jeff Bezos, Bil Gates and Mark Zuckerberg rounded out the top three spots.

As per Bloomberg Billionaire Index data, Ambani jumped ten places on the index since January and is ahead of Warren Buffett, Steve Ballmer, Bernard Arnault Elon Musk, Sergey Brin and Larry Page in terms of net worth.

The energy-to-telecom-to-technology conglomerate Reliance Industries witnessed a massive surge in its stock price since April after a slew of investments into its digital arm Jio Platforms by global companies.

Ambani's Jio Platforms had raised a combined Rs 1,52,056 crore from companies such as Google, Facebook, Intel, Qualcomm, PIF, Silver Lake, L Catterton, among others.

The stock of RIL has gained over 147 percent since its 52-week low hit in March this year, making the company's market cap surge above 13 lakh crore.

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Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

First Published:Aug 8, 2020 7:21 PM IST