Where does Mukesh Ambani fall in the list of 'Richest Billionaires'?

India's richest man Mukesh Ambani is 14th in the Bloomberg Billionaires Index. The Reliance Industries' chairman net worth was $56.7 billion in the latest list. Ambani's net worth rose by $12.4 billion in the year to date. Since the last counting, Ambani’s net worth rose by $547 million.

According to the report, Ambani, owner of the world's largest oil refining complex, controls almost 42% of Reliance Industries. His other businesses include Reliance Jio- a 4G wireless network across India. The Mumbai-based conglomerate's residential property is worth more than $400 million and to top it off he also owns a cricket team in the Indian Premier League.

His net worth can buy 45.9 million troy ounces of gold and 1.07 billion barrels of crude oil. Ambani's networth is equivalent 0.315% of the GDP of the United States, says the report.

Also Read: Anil Ambani resigns as Director of debt-ridden Reliance Communications

Amazon's CEO Jeff Bezos who was leading the chart last year has fallen one spot. Microsoft cofounder and philanthropist Bill Gates has surpassed Bezos with a networth of $110 billion. Bezos's networth is $109 billion.

Louis Vuitton owner Bernard Arnault is third on the list with a networth of $103 billion. He the highest jump in terms of net worth with a leap of $34.1billion in the year.

American business magnate, investor, and philanthropist Warren Buffett is fourth with Facebook cofounder and CEO Mark Zuckerberg is placed fifth in the Bloomberg Billionaires Index.