Why is India's richest man worth more than Buffett?

According to the Bloomberg Billionaires Index, mukesh ambani, the richest man in India, was worth $68.3 billion last Thursday, surpassing Warren Buffett ($67.9 billion) for the first time, becoming the eighth richest man in the world and the only Asian among the 10 richest people in the world. The latest data shows that as of July 12, Ambani's worth reached $69.9 billion, still exceeding Buffett's $69/kloc-0.0 billion. Ambani is the chairman of India's Reliance Industry Group, and its share price has more than doubled since its March low.

According to the data, Mukesh Ambani 1957 was born in Aden, Yemen, and now lives in Mumbai. He is the managing director of India New Town Industrial Group. On June 29th, 2007, 10, because the share price of Xincheng Industrial Group soared, it became the richest man in Asia.

Unlike Ma Yun, who started from scratch, mukesh ambani inherited his father's career and is a veritable "rich second generation". Prudential Industrial Group, founded by Mukesh's father, Di rabai Ambani, is the largest private enterprise in India. Business scope covers electric power, finance, petroleum, telecommunications, biotechnology, retail, agriculture and other fields.

Extended data:

Mukesh ambani's personal honor:

In 2007, it was listed in Fortune 500. In terms of sales, Reliance ranked 269th, up 75 places from the previous year. According to asset statistics, Reliance ranks 299th, ranking first among Indian private enterprises.

Mukesh was awarded the "Asian Social Leader Award", which is the second Indian entrepreneur to win this honor after Lakshmi Mittal.

The Swiss World Economic Forum commented that Mukesh is "the global leader of tomorrow".

American Time magazine listed him in the list of young leaders in the new century.

Mukesh was awarded the 2007 Global Vision Award by the Indian Business Council because of the cooperation between Reliance and American companies in the sunrise fields such as energy, life sciences, biotechnology, retail and infrastructure.

North Sichuan Online-India's richest man is worth more than Buffett, becoming the only Asian among the top ten richest people in the world.

Finance-India's richest man is worth more than Buffett.