 "MUKESH AMBANI")
Mukesh Ambani is poised to overtake Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries to disrupt the e-commerce space in India.
The chairman of India’s refining-to-telecoms conglomerate, Ambani was estimated to be worth $44.3 billion on Friday with Reliance Industries Ltd. trading 1.7 percent higher, according to Bloomberg Billionaires Index. The stock fetched 1,100.65 rupees as of 12.25 p.m. in Mumbai and is set for a record. Ma’s wealth stood at $44 billion at close of trade on Thursday in the US, where the company is listed.
Ambani has added $4 billion to
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