Pursuits

Ambani Backed by India Power Proves No.1 Billionaire in Asia

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Mukesh Ambani is Asia’s richest person with a net worth of $26.8 billion, even after his shares in India’s top company by market value slid 18 percent over the past 12 months, according to the Bloomberg Billionaires Index.

Hong Kong’s Li Ka-shing, nicknamed “Superman” by the local media for his investing prowess, ranks second in Asia, with a $25.8 billion fortune. Lakshmi Mittal, the Indian-born chairman of ArcelorMittal, the world’s biggest steelmaker, is the third wealthiest Asian with a net worth of $23.6 billion.