A man who controls a $1.5 trillion company that has been accused of fraud has been given the title of the world’s richest, according to Forbes magazine.
Jhumpa Lahiri was born in Bombay in 1927.
He has amassed a fortune of over $1 billion, according the magazine.
The Forbes magazine said Lahiri’s family has more than $200 billion in assets.
Lahiri’s fortune has been growing at an alarming rate.
He recently sold his stake in Reliance Jio for $100 million, Forbes said.LHIMITABAD: The Times of India on Friday said the title was bestowed on Jhumpo Lahiri.
Lhima was born on November 26, 1928 in Bombay.
His family has a fortune worth over $100 billion, Forbes added.
“Jhampo Lahini is India’s youngest billionaire and the country’s most powerful man, who has emerged as the world leader in telecoms and internet.
He is also the world-renowned founder of Reliance Industries Ltd, the worlds largest telecom and internet company.
He is also an executive chairman of Reliant India, the countrys biggest conglomerate.”
The Times of Indian said the name was bestowed by the World Economic Forum on Lahiri, the chairman of the Reliance group.LHAIMITA: The Indian Express on Friday quoted sources in the state government of Maharashtra as saying that the state’s highest court on Tuesday approved a bill to change the name to Jhampi Lahiri after he was named the richest person in the world.
The bill, which was passed by the state assembly in April, also allows for the sale of a stake in the company, which includes Reliance Communications Ltd, Reliance Group, Reliant Energy, Relentless Global Technologies Ltd and Reliance Infrastructure.
The Supreme Court on Tuesday also said the proposed name change was necessary because the name has a long history of being used for frauds.