Ambani edges out Li Ka-shing as Asia's second richest as debt fuels Reliance growth

Ambani edges out Li Ka-shing as Asia's second richest as debt fuels Reliance growth

Mukesh Ambani. Photographer: Simon Dawson/Bloomberg

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter