Reliance's Ambani reigns on Asia’s 20 Richest Families list as Trump’s tariff storm brews; check details
Reliance Industries' Chairman, Mukesh Ambani has added another feather to his cap, securing the top spot on Bloomberg’s Asia’s 20 Richest Families list, which was released on Thursday.
Ambani, who took the reins of Reliance Industries in 2002 following the death of his father Dhirubhai Ambani, has expanded the Mumbai-based conglomerate into a global powerhouse with interests in oil refining, tech, retail, financial services, and green energy.
Gujarat-based industrialist's family, too, plays key roles in these ventures, with his children overseeing various business units.
Gautam Adani not in the list: Check reason
In a surprising twist, Gautam Adani, the tycoon behind Adani Group, didn't make the cut. Adani, being a first-generation businessman, was excluded from the dynastic-specific ranking.
His omission has sparked interest, as the list tends to focus on family-run empires. Adani’s absence also highlights the unique methodology used by Bloomberg to compile the rankings.
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