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today, 4:51 pm
Author:
Alex Ciutacu
Mukesh Ambani surpassed the founder of Alibaba Group as the richest man in Asia. His company, Reliance Industries, is a $ 66 billion business conglomerate in the petrochemical, energy, and textile industries, according to Bloomberg, the president of the Indian conglomerate, Ambani, has an estimated fortune of 44 , $ 3 billion, according to Bloomberg Billionaires, while Jack Ma's fortune is estimated at $ 44 billion
Ambani Reliance's estate has doubled its petrochemical capacity and investors have applauded the success of Reliance Jio Infocomm, a telecommunications company of the group.
This month, the wizard announced that he would fight online business giants through a plan he wants to use 215 million customers in the telecommunications market to increase his customer base
By 2018, Alibaba Group has lost $ 1.4 billion so far
"We need to expand our expectations for Reliance," says Nitin Tiwari, a Mumbai analyst at Antique Stock Brokerage. "They're going to get involved in something that's really going to cause a transformation."
Ambani, known for the implementation of major projects, has accelerated the construction of the world's largest refining complex in Jamnagar and plans to become one of the most profitable retail companies in India [19659003]
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