Mukesh Ambani surpasses Elon Musk to become world’s 6th richest person

India’s richest man, Mukesh Ambani has now become the world’s sixth-richest person with a worth of $72.4 billion. The chairman of Reliance Industries Ltd. has surged past Silicon Valley tech titan Elon Musk, Alphabet Inc. co-founders Sergey Brin and Larry Page and Warren Buffett. Shares of the conglomerate have more than doubled since March after investments from Facebook Inc., Silver Lake and Qualcomm Inc.

The world’s second most-populous nation has seen a spike of foreign interest in its economy, especially from Silicon Valley, and Google said on Monday it will spend $10 billion in the coming years to help accelerate the adoption of digital technologies in the country.

Source: Bloomberg