It seems it is difficult for the bureau to decide among the richest people in the world as the respective net worth of each richie is very much volatile that it becomes quite difficult to hold the same position for a longer period of time. The recent release of top 50 richest people in the world left everyone in surprise as Indians have managed to occupy only two positions out of 50 positions in the list. Bloomberg has prepared this list and it left many Indians in surprise with the rankings that Indians got in it.
The variations in the net worth on a daily basis are largely because of the fluctuations in the respective equity shareholdings of the parent company or the portfolio of enterprises. It is a common habit of billionaires that most of them maintain a portfolio of other companies by buying a proportionate number of shares of a company according to the personal capacities and will.
Mukesh Ambani takes on 18th position in the list
According to Bloomberg Billionaires Index , only two Indian business personalities -- Mukesh Dhirubhai Ambani and Azim Premji were placed in the top 50 richest people in the world. Mukesh Ambani, Chairman & Managing Director of Reliance Industries Ltd (RIL), is the richest Indian businessman who stands at 18th place, while Wipro Chairman Azim Premji holds the 48th position. According to annula turnover, Reliance Industries Ltd is the biggest publicly-listed company in India.
As of August 11, 2019, Mukesh Ambani owns a net worth of $45.6 billion whilst Azim Premji owns a net worth of $20.2 billion. Interestingly, Mukesh Ambani with a net worth of more than 45 billion US dollars is also the richest Asian person featuring on the Bloomberg list. At the beginning of this year, Mukesh Ambani used to have a net worth of over $50 billion.
Because of the sharp correction in the share prices of Reliance Industries this year, Mukesh Ambani’s net worth has been cut down short. Earlier this year, Mukesh Ambani net worth would have placed him in the top 10 position of Bloomberg Billionaires Index. Nevertheless, according to Hurun Global Rich List 2019, Mukesh Ambani entered the top 10 richest people around February-March this year.