JIO Effect: Mukesh Ambani beats Chinese to become the second richest person in Asia


Reliance Industries owner Mukesh Ambani has become the second richest businessman in Asia by overtaking China-born industrialist Lee ka Shing. Lee now lives in Hong Kong and he also has citizenship of China.

According to the Bloomberg BillInayers, due to the rise of Reliance Industries shares, Ambani's account got additional money in his account, worth 12.1 billion dollars this year, with a net worth of $ 34.8 billion.

Shing's property is less than $ 1.5 billion less than Ambani's $ 33.5 billion. Shing's asset has increased by $ 4.85 billion during the last one year.

All this is the effect of JIO:  The group's last year was launched the JIO to honor the chairman of Reliance Industries. The telecom company is contributing a lot to the richness of the owner.

He has invested heavily and has so far spent 31 billion dollars. The company has recently announced to offer Smartphone free for its customers. The company will take a security deposit of Rs 1500 from the customers, which will be returned after three years.

Out of the nearly half a million customers of JIO, only 25 million are those who have a smart phone. The company has announced to provide free phone for the remaining 10 million subscribers to increase the income from the 4G service. The

The group's main earnings are from Reliance Industries Limited. The company is the private sector leader in the field of refining and the second largest company in the country. Apart from oil refining, the group also earns from media, retail business and natural gas.

You may also like to read our latest analysed news:
- Were 68 Journalists, writers, bureaucrats paid 2-5 Lakh/month to write against PM,Cambridge Analytica
- Parody account menace: Hardik Pandya to be booked over Ambedkar tweet
- Chinese government introduces stranger’s young men, women marriage
- Asos commits mistake 17000 times and calls it limited edition bags

Note: Don't forget to share and like on facebook, twitter for latest on viral news updates.
The world is full of fake news, we at ayupp apart from our daily work, take time out to do some fact check verification, so that the news media and social media is clean of fake information, please help us, share this news.