Mukesh Ambani, an Indian business tycoon became Asia’s richest person once again, overtaking China’s Zhong Shanshan, who lost $22 billion this week.
Indian media reported that the chairperson of Reliance Industries has a net worth of about $80 billion, while Shanshan’s net worth is $76.6 billion.
Shanshan’s bottled-water company lost a record 20% this week, making Ambani the richest person in Asia.
Ambani has led the ranking of Asia’s richest people, for the last two years. But Shanshan took the title from Ambani after the listing of his two companies. By early 2021, Shanshan was the sixth-wealthiest person on Earth.
Ambani had slipped three positions in the Forbes Real-Time Billionaires list in November 2020, after Reliance Industries Limited suffered heavy losses in the stock market.