Jack Ma becomes the richest billionaire in Asia

According to the Bloomberg Billionaires Index, the founder of e-commerce major Alibaba Group, Jack Ma gained the top position in Asia, replacing Reliance Industries Chairman Mukesh Ambani.

Mukesh Ambani gave up 5.8 billion from his net worth due to the recent freefall in oil prices. The severe impact of the COVID-19 epidemic and the recent crash in the oil markets made him follow the Chinese billionaire Jack Ma. Ambani’s current net worth amounts to 41.8 billion whereas that of Jack Ma amounts to $44.5 billion.