Mukesh Ambani Is No Longer Among the World’s Top 10 Richest People

In a surprising development that has caught the attention of financial markets and business watchers worldwide, Indian billionaire and Reliance Industries Chairman Mukesh Ambani has slipped out of the top 10 list of the world’s richest individuals, according to the latest global billionaire rankings.

Ambani, once a regular fixture among the elite ranks, has been overtaken by a new wave of tech and investment moguls from the US and Europe, as well as rising Asian business figures. The dip in his position is largely attributed to recent market fluctuations, sectoral volatility, and shifting investor sentiments across telecom, retail, and energy.

As of April 2025, Ambani’s net worth is estimated to be around $84 billion — still among the highest in Asia, but no longer sufficient to hold a spot in the ultra-exclusive global top 10. In contrast, entrepreneurs such as Elon Musk, Bernard Arnault, Jeff Bezos, and Larry Ellison continue to dominate the upper echelons of the billionaire list.

Reliance Industries, while still a behemoth across sectors like telecom (Jio), retail, and petrochemicals, has experienced slower growth compared to tech-heavy rivals who benefited from AI, cloud computing, and digital transformation booms over the last two years.

Analysts suggest that this drop is not a reflection of decline but rather the ebb and flow of global markets. “Mukesh Ambani remains one of the most powerful and influential business figures globally,” said an economic strategist based in Mumbai. “This shift is temporary and might be reversed with new strategic plays, especially in green energy and tech innovation.”

Ambani’s philanthropic endeavors, bold business expansions, and continued focus on transforming India’s digital and energy infrastructure remain central to his long-term legacy.

Despite no longer being in the top 10, Ambani's vision for Reliance 2.0 — with its focus on green hydrogen, AI, and global retail ventures — ensures that the world will continue to watch his moves closely.