Ambani Loses Asia Wealth Crown to Ma in $5.8 Billion Rout
Mukesh Ambani, chairman and managing director of the Reliance Industries Ltd., arrives for the company’s annual general meeting in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Ambani Loses Asia Wealth Crown to Ma in $5.8 Billion Rout

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(Bloomberg) -- Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.
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