Business
India’s Mukesh Ambani is again richest Asian as China’s Zhong Shanshan loses US$22 billion – The Straits Times
His net worth is about US$80 billion (S$106.6 billion), compared with Mr Zhong’s US$76.6 billion.. Read more at straitstimes.com.
NEW YORK (BLOOMBERG) – India’s Mr Mukesh Ambani is back to being the wealthiest person in Asia.
Despite a brutal week for markets, his Reliance Industries was relatively unscathed as it said it would spin off its oil-to-chemicals business into an independent unit. With a net worth of about US$80 billion (S$106.6 billion), Mr Ambani is again richer than Mr Zhong Shanshan, whose bottled-water company tanked a record 20 per cent this week.
The Chinese tycoon is worth US$76.6 billion, down more than…
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