Mukesh Ambani becomes world’s 4th richest

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NEW DELHI: Mukesh Ambani has surged past Europe’s wealthiest man, making him the world’s fourth-richest person. Reliance Industries’ chairman is now worth $80.6 billion, after amassing $22bn this year, according to the Bloomberg Billionaires Index. That gives him a bigger wealth pile than France’s Bernard Arnault, whose LVMH Moet Hennessy Louis Vuitton has suffered from customers curbing high-end fashion purchases faster than the company can cut costs. India’s richest person has already surpassed some of the biggest tycoons in recent weeks – a list that includes Silicon Valley titans such as Elon Musk and Alphabet co-founders Sergey Brin and Larry Page, as well as the so-called Oracle of Omaha, Warren Buffett. TLTP