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CEOWORLD Magazine

Mukesh Ambani has lost his long-held title as Asia’s richest man to Jack Ma. With a net worth of US$43.4 billion, as on the day of writing, Mukesh Ambani is placed in 19th position on Bloomberg Billionaires Index, a daily ranking of the richest people, preceded by Jack Ma with a net worth of US$44.6 billion.
After oil prices collapsed along with global stocks, Indian energy tycoon Ambani is no longer Asia’s richest man, relinquishing the title to Chinese e-commerce entrepreneur Ma.
How much did the world’s richest lose in the coronavirus market crash?
Jeff Bezos, Bill Gates, Bernard Arnault, Warren Buffett and Mark Zuckerberg were the top five on the list with net worth of US$113 billion, US$105 billion, US$77.9 billion, US$77 billion, and US$65.3 billion respectively.
Ma is the co-founder and former executive chairman of Alibaba Group, publishers of the South China Morning Post. The other 12 Chinese names to make the top 100 are: Pony Ma (No. 20; US$38.9 billion), Hui Ka Yan (No. 32; US$24.5 billion), Yang Huiyan (No. 34; US$23.9 billion), He Xiangjian (No. 41; US$22.1 billion), William Ding (No. 44; US$19.6 billion), Colin Huang (No. 49; US$18.2 billion), Wang Jianlin (No. 57; US$16.4 billion), Zhang Zhidong (No. 58; US$16.4 billion), Zhong Huijuan (No. 70; US$15.8 billion), Liu Yonghao (No. 86; US$14.2 billion), Sun Piaoyang (No. 93; US$13.6 billion) and Qin Yinglin (No. 98; US$13.1 billion).
6 of Jack Ma’s most extravagant moments at Alibaba
Apart from Reliance Industries chairman Ambani, Azim Premji (No. 66; US$15.9 billion), Shiv Nadar (No. 82; US$14.5 billion) and Uday Kotak (No. 96; US$13.4 billion) are the other three Indians in the top 100 list at the time of writing.


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Jack Ma, right, has officially overtaken Mukesh Ambani, left, as Asia's richest man. Photos: AP

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FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan/File Photo

How Bill Gates overtook Jeff Bezos to become world’s richest man, again

Bill Gates, former Microsoft CEO and co-chair of the Bill & Melinda Gates Foundation, has unseated Jeff Bezos as the richest person on the planet. Photo: Xinhua

Head of Amazon Jeff Bezos arrives for the Axel Springer award ceremony on April 24, 2018, in Berlin. (Jorg Carstensen/DPA/Zuma Press/TNS)

FILE PHOTO: Microsoft founder Bill Gates smiles while playing bridge with Warren Buffett, CEO of Berkshire Hathaway Inc, as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo

Serena Williams, Mark Zuckerberg, Warren Buffett and other rich celebrities who live in modest homes

Most millionaires live in a home they can easily afford, allowing them to save more money. But that isn’t the only reason they are rich. Photo: Flickr

Buffett's house. Smallbones/Wikimedia Commons

NEW YORK, NY - NOVEMBER 01: Evan Spiegel, Co-Founder and C.E.O., Snap Inc. speaks at the New York Times DealBook conference on November 1, 2018 in New York City. Stephanie Keith/Getty Images/AFP

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Courtesy of Sam Real, Nest Seekers International

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Photo: The Agency

Facebook Chairman and CEO Mark Zuckerberg testifies in front of a projection of a "Zuck Buck" at a House Financial Services Committee hearing examining the company's plan to launch a digital currency on Capitol Hill in Washington, U.S., October 23, 2019. REUTERS/Erin Scott

Photo: Zillow

Mukesh Ambani and family: the highlights of India’s billionaire and his children from 2019

Chairman of Reliance Industries Mukesh Ambani, centre, his wife Nita Ambani, back left, daughter Isha Ambani, right, son Anant Ambani and Radhika Merchant, front left, arrive to attend the wedding of Bollywood actress Priyanka Chopra and Nick Jonas in Jodhpur, India. Photo: Sunil Verma/AP Photo

FILE PHOTO: Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to address the company's annual general meeting in Mumbai, India July 5, 2018. REUTERS/Francis Mascarenhas/File Photo

===PHOTO CAPTURED ONLINE=== Photo of Isha Ambani on Instagram by vardannayak. Photo credit: vardannayak / Instagram.

===PHOTO CAPTURED ONLINE=== Akash Ambani. Photo credit: @akashambani_is_life on Instagram

=== PHOTO CAPTURED ONLINE=== Akash and Shloka (L); Isha and Anand (R). Photos: Instagram

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Stocks have slumped and markets crashed amid the Covid-19 pandemic, causing a shake-up on Bloomberg’s chart of the world’s richest billionaires – with the Reliance Industries head knocked off the Asia top-spot by the former Alibaba head


Stocks have slumped and markets crashed amid the Covid-19 pandemic, causing a shake-up on Bloomberg’s charts of the world's richest billionaires – but which tycoon came out on top in Asia?
