Mukesh Ambani tops Forbes' list of billionaires

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Mukesh Ambani tops Forbes' list of billionaires

Mukesh Ambani, chairman of Reliance Industries and owner of Mumbai Indians franchise in the Indian Premier League IPL, has topped the Forbes world's richest sports owners list in 2023 with a net worth of $83.4 billion.

With this ranking, Ambani has regained the top spot from the Los Angeles Clippers owner Steve Ballmer, who has a net worth of $80.7 billion.

Steven Anthony Ballmer is an American business magnate and investor who served as the chief executive officer of Microsoft from 2000 to 2014. Mukesh Ambani is involved in promoting other sports in India, including football and basketball, in addition to owning the Mumbai Indians.

Reliance recently acquired a franchise in the inaugural Women's Premier League and also owns cricket franchises in South Africa and the United Arab Emirates.

According to Forbes magazine, India is the third-highest number of billionaires in the world after the US and China with a net worth of $675 billion. Ambani is ranked among the Indian billionaires with a net worth of $83.4 billion.

With 735 billionaires, the US has the highest number of billionaires and China has the second-most billionaires, with 495 who have a combined $1.67 trillion.