Ambani Tops Ma as Asia’s Richest After Deal With Zuckerberg

Reliance Industries stock surges 10% on Facebook investment
Ambani’s fortune has passed that of China’s Jack Ma again

Ambani Is Asia's Richest Person Again

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By Blake Schmidt

April 22, 2020 at 10:58 AM UTC

Updated on

April 22, 2020 at 8:53 PM UTC

Mukesh Ambani is again Asia’s richest person after a deal with Mark Zuckerberg’s Facebook Inc. sent his conglomerate’s stock surging.

Ambani’s fortune rose about $4.7 billion to $49.2 billion on Wednesday, after Reliance Industries Ltd. gained 10%. The jump put Ambani about $3.2 billion ahead of China’s Jack Ma, according to the Bloomberg Billionaires Index. The ranking updates after the close of each trading day in the U.S.