India’s richest man, Mukesh Ambani surged past Silicon Valley tech titan Elon Musk as well as Alphabet Inc.
co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.
The chairman of Reliance Industries Ltd.
, whose wealth surpassed Warren Buffett’s last week, is now worth $72.
4 billion, according to the Bloomberg Billionaires Index.
Shares of the conglomerate have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc.
, Silver Lake and, most recently, Qualcomm Inc.
Mukesh Ambani’s energy empire is slowly shifting to e-commerce, with tech giants seeking to take a piece of India’s fast-growing digital business.
The world’s second-most-populous nation has seen a spike of foreign interest in its economy, especially from Silicon Valley, and Google said on Monday it will spend $10 billion in the coming years to help accelerate the adoption of digital technologies in the country.
After a drop in U.
tech shares on Monday, Page’s fortune now stands at $71.
6 billion, while Brin’s is at $69.
4 billion and Tesla Inc.
’s Musk is worth $68.
Buffett’s net worth dropped last week after he gave away $2.
9 billion to charity.