Mukesh Ambani, who briefly experienced a lean patch that saw his fortunes dwindle by a significant margin, has witnessed remarkable jump in his wealth during last week as the market capitalization of his Reliance Industries surged by a whopping Rs 35,860.79 crore in five days.
Mukesh Ambani, the richest man in India as well as across entire Asia, who briefly experienced a lean patch that saw his fortunes dwindle by a significant margin, has witnessed remarkable jump in his wealth during last week as the market capitalization of his Reliance Industries surged by a whopping Rs 35,860.79 crore in five days.
Reliance Industries Limited (RIL) currently boasts a market cap of Rs 17.48 lakh crore, while the conglomerate’s Chairman, Mukesh Ambani, has a real-time net worth pegged at $101.6 billion, according to Forbes Real-Time Billionaires List. Reliance Industries, the most valuable company in India, was among the nine out of the top 10 most valued companies, whose combined market valuation surged Rs 2,29,589.86 during the week from Monday to Friday.
According to market analysts, Reliance Industries retained its coveted spot as India’s most valued company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, ITC and Hindustan Unilever. Reliance stocks were valued at Rs 1,291.50 per share when trading closed on Friday.
Mukesh Ambani back again in $100 billion club
Following the incredible performance of his companies, Mukesh Ambani has regained his spot in the coveted $100 billion club. The Reliance Industries Chairman has a real-time net worth of $101.6 billion, as of December 1, 2024, as per Forbes Real-Time Billionaires List.
Mukesh Ambani, 67, is the richest man in India as well as all of Asia, and the 18th richest person in the world, according.
Tesla CEO Elon Musk remains the richest individual globally, boasting a net worth of $330.1 billion, followed by Oracle’s Larry Ellison
($226.9 billion), Amazon founder Jeff Bezos ($223.3 billion), and Meta CEO Mark Zuckerberg ($198.7), at number 2, 3, and 4th spots, respectively.