Mukesh Ambani Becomes Asia’s Richest Person, Leaving Behind Jack Ma : Jio-Facebook Deal

The biggest deal in the tech sector with Facebook has increased the wealth of Reliance Industries’, Mukesh Ambani. He has now become the richest person in Asia. He has left behind Alibaba founder Jack Ma. According to the Bloomberg Billionaires Index, Mukesh Ambani’s wealth has increased by $ 4.7 billion to $ 49.2 billion. While Jack Ma owns $ 46 billion in assets. At the same time, he is now at 17th position in the list of the riches around the world. Jack Ma is 19th in the index. While Amazon founder, Jeff Bezos is still at number one with $ 14,300 million.

US company, Facebook has signed an investment of $ 5.7 billion (Rs 43,574 crore) to buy a 9.99 percent stake in Reliance Industries group company, Jio Platforms Ltd., led by Mukesh Ambani. After this deal, the shares of Reliance Industries rose by 10 percent. Mukesh Ambani has made a statement that this will help in realizing Prime Minister Narendra Modi’s dream of Digital India. Ambani welcomed Facebook as a long-term partner.

Three crore shopkeepers will benefit out of this. The combined power of Jio’s world-class digital connectivity platform and Facebook‘s relationship with the Indian people will introduce new innovations for all of us in the future. This will provide quick and good digital transaction platform to both shoppers and customers. That is, customers will be able to easily deliver and order goods everyday from the local shops near the house.

Digital economy will gain momentum. At the same time, Ambani said, “Our companies will together accelerate the digital economy of India, so as to prosper our nation.” Mukesh Ambani has suffered a lot this year due to coronavirus. Recently, RIL shares had fallen drastically and the stock had gone below Rs 900. Ambani’s wealth has so far come down by $ 937 million, or about Rs 70,744 crore. On the other hand, Jack Ma’s wealth has decreased by only Rs 4,455 crore this year.

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