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Current Affairs

Bloomberg Billionaires Index

Current context: According to the Bloomberg Billionaires Index, Indian energy tycoon Mukesh Ambani has slipped to the number two position on the list of Asia’s richest people.
Bloomberg Billionaires Index

  • Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma, co-founder and former executive chairman of Alibaba Group.
  • Jack Ma has topped the list with a $44.5 billion fortune.
  • The Reliance Industries shares plunged 12% on 10th March 2020, the most since 2009 whereas Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.
  • The slump came just as the coronavirus spurred the first decline in demand, whereas the damage of tech giant Alibaba’s businesses has been mitigated by increased demand for its cloud computing services and mobile apps.
  • Bloomberg Billionaires Index is a daily ranking of the world's billionaires.
  • The index is published by Bloomberg News since March 2012.

Question: 

Q.1 Who has recently replaced Mukesh Ambani from the top spot among the list of Asia’s richest people in the Bloomberg Billionaires Index?
a. Masayoshi Son
b. Hui Ka Yan
c. Jack Ma
d. Li-Ka Shing
Bloomberg Billionaires Index Bloomberg Billionaires Index Reviewed by Neha Verma on March 11, 2020 Rating: 5

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