News International Mukesh Ambani slips down from Forbes Top 20 Billionaires list of 2020

Mukesh Ambani slips down from Forbes Top 20 Billionaires list of 2020

The Chairman and MD of Reliance Industries, Mukesh Ambani goes down from number 13 to number 21 spot on the Forbes Top Billionaires list of 2020 after facing major crisis due to the pandemic.

Mukesh Ambani
Source: Getty Images

Mukesh Dhirubhai Ambani (62) is a business tycoon and is the most richest man in India with a net worth of $44.4 Billion (as of April 10). Earlier in 2019, he stands at number 13 on the list but unfortunately in the past two months the company had faced a lot of problems which reduced his wealth. On April 7, when the Forbes list went live, Ambani had $36.8 Billion. In these past days, the company shares traded well again which eventually helped him regain his wealth.

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Forbes stated that “As of March 18, when we finalized this list, Forbes counted 2,095 billionaires, 58 fewer than a year ago and 226 fewer than just 12 days earlier, when we initially calculated these net worths. Of the billionaires who remain, 51% are poorer than they were last year. In raw terms, the world’s billionaires are worth $8 trillion, down $700 billion from 2019”.

Forbes Top 20 Billionaires List

01. Jeff Bezos, Amazon – $113 B
02. Bill Gates, Microsoft – $98 B
03. Bernard Arnault & Family, LVMH – $76 B
04. Warren Buffet, Berkshire Hathaway – $67.5 B
05. Larry Ellison, Software – $59 B
06. Amancio Ortega, Zara – $55.1 B
07. Mark Zuckerberg, Facebook – $54.7 B
08. Jim Walton, Walmart – $54.6 B
09. Alice Walton, Walmart – $54.4 B
10. Rob Walton, Walmart – $54.1 B
11. Steve Ballmer, Microsoft – $52.7 B
12. Carlos Slim Helu & Family, Telecom – $52.1 B
13. Larry Page, Google – $50.9 B
14. Sergey Brin, Google – $49.1 B
15.  Francoise Bettencourt Meyers & Family, L’Oréal – $48.9 B
16. Michael Bloomberg, Bloomberg LP – $48 B
17. Jack Ma, e-commerce – $38.8 B
18. Charles Koch, Koch Industries – $38.2 B
19. Julia Koch & Family, Koch Industries – $38.2 B
20. Ma Huateng, Internet Media – $38.1 B

Kumar Ujjal
Writer and Social Media manager of Infotonline.

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