Mukesh Ambani to become Asia’s Richest Man

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Reliance Industries Chairman Mukesh Ambani on Wednesday became the richest man in Asia, overtaking Chinese businessman Hui Ka Yan. Ambani ranked 14th on Forbes’ Real Time list of billionaires across the globe. Forbes’ Real Time list is based on the value of person’s stock holding and assets on a real time basis.

According to Forbes Real Time billionaires’ list, Mukesh Ambani’s wealth rose by $223 million to $41.8 billion on the back of rise in Reliance Industries Ltd stock price, whereas the wealth of Hui Ka Yan, the Chairman of China Evergrande Group slumped by $586 million to $41.2 billion on November 2.

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