Billionaire Mukesh Ambani overtakes Berkshire Hathaway to become 5th richest person in the world

Reliance Industries chairman Mukesh Ambani on Wednesday became the fifth-richest person in the world, according to the Forbes real-time billionaires list.

Ambani has left behind leading investor and Berkshire Hathaway Chief Executive Officer (CEO) Warren Buffett, who is now on the world's sixth-richest. He is the only Asain to feature among the world's top ten billionaires.

With an estimated wealth of $75 billion, Ambani is only next to Facebook co-founder and CEO Mark Zuckerberg, whose wealth is pegged at $89 billion.

According to United States-based business magazine Forbes’, Amazon Chief Executive Officer Jeff Bezos is the richest person in the world, with a net worth of $185.8 billion (Rs 13.8 lakh crore), followed by Microsoft founder Bill Gates, with wealth amounting to $113.1 billion (Rs 8.43 lakh crore).

Mukesh Ambani has seen a string of deals for his digital business and shares of his conglomerate have more than doubled since a low in March.

All this came after RIL’s Jio Platforms got more than $15 billion in investments from companies including Facebook Inc and Silver Lake.