Asia Has a New Leader
Reliance Industries Chairman Mukesh Ambani on Wednesday became the richest man in Asia.
According to Forbes Real Time billionaires' list, the Indian tycoon's wealth rose by $223 million to $41.8 billion following a rise in his Reliance Industries stock price. The wealth of Hui Ka Yan, the Chairman of China Evergrande Group dropped by $586 million to $41.2 billion on November 2.
Hui is chairman of Hang Seng listed real estate developer Evergrande Real Estate of Guangzhou, and is active in residential and commercial property. In September he rose to top the charts as Asia's richest person following a run-up in the company's Hong Kong-listed shares.
In October Ambani became the richest Indian, for the 10th year in a row on the Forbes list. Both however are still some way behind Amazon chief Jeff Bezos who currently sits on top of a bulging fortune of $92.6 billion.
