{"id":13348,"date":"2020-08-09T04:14:44","date_gmt":"2020-08-09T04:14:44","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=13348"},"modified":"2020-08-09T04:14:44","modified_gmt":"2020-08-09T04:14:44","slug":"%e2%80%8b%e2%80%8b%e2%80%8b%e2%80%8b%e2%80%8b%e2%80%8b%e2%80%8bmukesh-ambani-eclipses-richest-european-to-become-worlds-no-4","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=13348","title":{"rendered":"\u200b\u200b\u200b\u200b\u200b\u200b\u200bMukesh Ambani eclipses richest European to become world\u2019s No. 4"},"content":{"rendered":"<p><\/p>\n<div>NEW DELHI: Mukesh Ambani has surged past Europe\u2019s wealthiest man, making him the world\u2019s fourth-richest person. <br \/>Reliance Industries<!-- --> Ltd\u2019s chairman is now worth $80.6 billion, after amassing $22 billion this year, according to the Bloomberg Billionaires Index. That gives him a bigger wealth pile than France\u2019s Bernard Arnault, whose LVMH Moet Hennessy Louis Vuitton SE has suffered from customers curbing high-end fashion purchases faster than the company can cut costs. <br \/>India\u2019s richest person has already surpassed some of the biggest tycoons in recent weeks &#8212; a list that includes Silicon Valley titans such as Elon Musk and Alphabet Inc co-founders Sergey Brin and Larry Page, as well as the so-called Oracle of Omaha himself, Warren Buffett. <br \/>While the conglomerate with a huge energy empire was slammed by a slump in demand for oil amid Covid-19, its shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc and Google. <br \/>Ambani has slowly been shifting his focus to e-commerce, with tech giants seeking to take a piece of India\u2019s fast-growing digital business. Google said last month it will spend $10 billion in the coming years to help accelerate the adoption of digital technologies in the world\u2019s second-most populous nation. <br \/>Meanwhile, with LVMH shares down this year, Arnault has become the biggest loser among the world\u2019s 500 richest people. His net worth has plunged $25.1 billion to $80.2 billion. <br \/>In Video:<a href=\"https:\/\/timesofindia.indiatimes.com\/videos\/business\/mukesh-ambani-becomes-worlds-fourth-richest-person\/videoshow\/77432158.cms\" frmappuse=\"1\">\u200b\u200b\u200b\u200b\u200b\u200b\u200bMukesh Ambani becomes world\u2019s fourth-richest person<\/a><\/div>\n<p><a href=\\\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/mukesh-ambani-eclipses-richest-european-to-become-worlds-no-4\/articleshow\/77430806.cms\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Mukesh Ambani has surged past Europe\u2019s wealthiest man, making him the world\u2019s fourth-richest person. Reliance Industries Ltd\u2019s chairman is now worth $80.6 billion, after amassing $22 billion this year, according to the Bloomberg Billionaires Index. That gives him a bigger wealth pile than France\u2019s Bernard Arnault, whose LVMH [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13349,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-13348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/08\/1596946487_photo.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/13348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13348"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/13348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/13349"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}