MUMBAI: Mukesh Ambani has elbowed past Li Ka-shing to become Asia’s second-richest man as investors rallied behind his efforts to arm India’s poor with cheap data-loaded phones. Some analysts are beginning to focus on the costs of his ambition.
The chairman of Reliance Industries Ltd has added US$12.1bil to his wealth this year, according to the Bloomberg Billionaires Index, as shares of his refining-to-telecom company surged to a record.
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