Bank of America Names India’s Ambani, World’s Ninth-Richest Man, to Board - Bloomberg

Bank of America Names India’s Ambani, World’s Ninth-Richest Man, to Board - Bloomberg: "Bank of America Corp. (BAC), the biggest U.S. bank by assets, picked Mukesh Ambani, India’s billionaire chairman of Reliance Industries Ltd. (RIL), to join its board.

Ambani, 53, has headed Mumbai-based Reliance Industries, owner of the world’s largest refining complex, since 2002, the Charlotte, North Carolina-based bank said today in a statement. He is the world’s ninth-richest person, with a net worth estimated at $27 billion, according to Forbes magazine’s annual global ranking of billionaires.

“It is a privilege and a great honor for me, as the first non-American citizen to join the boa"