Mukesh Ambani, chairman Reliance Industries, was estimated to be worth $44.3 billion on Friday with RIL trading 1.7% higher. Jack Ma’s wealth stood at $44 billion at close of trade on Thursday in the US, where the company is listed. Ambani has added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity <br />and investors cheered the success of his disruptive telecom upstart Reliance Jio Infocomm Ltd. Then earlier this month, RIL unveiled plans to expand his e-commerce offerings, taking on the likes of Amazon.com Inc. and Walmart Inc. RIL will introduce a fiber-based broadband service across 1,100 Indian cities in August. Alibaba Group Holding Ltd.’s Ma has lost $1.4 billion in 2018.
