Mukesh Ambani, chairman of Reliance Industries Ltd., became the only Asian tycoon in the exclusive club of the world’s top 10 richest people.
He was also listed as Asia's richest man and has a net worth of $64.5 billion.
Ambani overtook Larry Ellison of Oracle Corp. and France’s Francoise Bettencourt Meyers, the wealthiest woman to earn 9th spot.
Amidst the Coronavirus pandemic and economic repercussions, Reliance Industries became the first Indian firm to hit a market valuation of USD 150 billion.
On the BSE, Reliance's market valuation jumped Rs 28,248.97 crore to Rs 11,43,667 crore (USD 150 billion).
After raising a record Rs 1.69 lakh crore from global investors, Ambani announced that Reliance Industries had become net debt-free.