Forbes magazine recently published the 2016 list of richest people in the world, and the chairman of Reliance Industries, our very own Mukesh Ambani, ranks 36th on the list!

Mukesh Ambani

Microsoft co-founder Bill Gates continued his reign as the world’s richest person for the 3rd time in a row, with a net worth of $75 billion, followed closely by other big honchos like American business magnate, investor, and philanthropist Warren Buffett, and Facebook founder and CEO Mark Zuckerberg who made a monumental rise of 10 spots from last year to claim the 6th rank!

Mukesh Ambani

Ambani, on the other hand, retained his title as the richest person in India for the 9th consecutive year, with a net worth of $19.3 Billion at the time, and a real time net worth of $20.8 billion as of today, in spite of his wealth dropping by almost $4.7 billion!

Mukesh Ambani

Picture Source  Mukesh Ambani

The $62.2 billion firm recently took quite a huge a hit due to lower oil prices, with shares tumbling down on falling revenues, but is expected to resume buying crude oil from Iran after the lifting of sanctions.

Mukesh Ambani

Picture Source  Mukesh Ambani

His telecom branch, Reliance Jio, has teamed up with his sibling Anil Ambani’s Reliance Communications, and launched its 4G services among Reliance employees in December last year, handing out 500,000 free connections. Ambani’s wife Nita, a part of Reliance’s board, is involved in Jio’s marketing plan, while his children Akash and Isha, are also board members of Reliance’s telecom and retail units.

Mukesh Ambani

Picture Source Mukesh Ambani

Joining Ambani on the list are of 83 other billionaires from India as well, including the founder of Sun Pharmaceutical Industries, Dilip Shanghvi, the chairman of Wipro Limited, Azim Premji, and the founder and chairman of HCL, Shiv Nadar.

I bet all those figures really made your head spin, didn’t they? Yeah, I can relate. If you wanna subject yourself to more pain, you can check out Forbes’ entire list of The World’s Billionaires!

Keep tuning in for more and follow us on Facebook, Twitter, and Instagram!