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China billionaire desperate to beat Mukesh Ambani, has connection with Elon Musk’s company

Mukesh Ambani is ranked 12th in the billionaire rankings. At the same time, Pony Ma’s wealth has reached more than $ 73 billion and he is ranked 14th in the list of billionaires.





Everything is not going well with Reliance Industries, the country’s richest billionaire Mukesh Ambani’s company. For the past few days, Reliance’s stock has been witnessing a steady decline. At the same time, Mukesh Ambani’s assets are also around $ 75 billion.

Competition from this Chinese billionaire: According to Bloomberg Billionaires Index, Mukesh Ambani is facing a Chinese businessman Ma Huateng (Pony Ma) from Asia in terms of net worth. Mukesh Ambani is ranked 12th in the billionaire rankings. At the same time, Pony Ma’s wealth has reached more than $ 73 billion and he is ranked 14th in the list of billionaires.

Pony Ma is the founder of Internet company Tencent. Pony Ma started Tencent in 1998. Earlier, he was working in a telecom company in China for research and development of Internet paging system. Pony Ma also owns a minor stake in electric car company Tesla. Let us know that the head of Tesla is Elon Musk. Elon Musk is the richest billionaire in the world today.

Big drop in Reliance stock: The company’s stock has fallen more than 10% in the last three sessions. On Wednesday, Reliance’s stock price fell more than 2 percent to Rs 1896. At the same time, it is 12 lakh crore rupees when it comes to market capital. Reliance’s stock reached a record level of Rs 2369 on 16 September 2020.  Also Read: Aadhaar Card/ UIDAI Update: Can a person get more than one Aadhaar number? Learn rules here

Market condition on Wednesday: All- round buying in the stock markets fell on Wednesday. This is the fourth consecutive trading session when the market has come down. The Sensex closed down 937.66 points, or 1.94 percent, at 47,409.93. In all, it lost 2,382.19 points, or 4.78 percent, in four sessions.

Similarly, the National Stock Exchange’s Nifty fell 271.40 points, or 1.91 percent, to 13,967.50 points. In four seasons so far, it has taken a total dive of 677.20 points i.e. 4.62 percent.

 

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