Mukesh Ambani Races Toward World’s Exclusive $100 Billion Wealth Club

Mukesh Ambani added $3.7 billion to his net worth on Friday as shares of his flagship firm surged after the tycoon doubled down on his clean-energy goals.

Asia’s wealthiest person is now worth $92.6 billion, according to the Bloomberg Billionaires Index. The Indian tycoon is closing in on L’Oreal’s Francoise Bettencourt Meyers at $92.9 billion, as both move closer to a rarefied group of men with fortunes of $100 billion. Ambani’s jump was due to a surge in the shares of his Reliance Industries Ltd., after he said the company will “aggressively” pursue production of cheaper green hydrogen.