Billionaire Mukesh Ambani has overtaken Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries Limited (RIL) to disrupt the e-commerce space in India.

According to a report by Bloomberg, Ambani was estimated to be worth $44.3 billion on Friday with Reliance Industries rising 1.6 per cent to a record Rs 1,099.8. Jack Ma’s wealth stood at $44 billion at the close of trade on Thursday in the US, where the company is listed.

Reliance has doubled its petrochemical capacity and is also reaping profits from its newest company Reliance Jio, adding another $4 billion to Ambani’s fortune.Click Here: Newcastle United Shop

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