Mukesh Ambani Asia's richest again, net worth up by $4.7bn after Facebook-Jio deal

Mukesh Ambani Asia's richest again, net worth up by $4.7bn after Facebook-Jio deal

Mukesh Ambani, the chairman of Reliance Industries (RIL), has again become Asia's richest person, following a deal between Jio and Facebook.

Facebook acquired a 9.9 percent stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), a deal that was announced on April 22.

Ambani's wealth rose by $4.7 billion following the news, taking his net worth to 49.2 billion, according to the Bloomberg Billionaires Index. This places him ahead of Chinese billionaire Jack Ma.

Ambani's wealth rose by $4.7 billion following the news, taking his net worth to 49.2 billion, according to the Bloomberg Billionaires Index. This places him ahead of Chinese billionaire Jack Ma.