Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd has become the world's sixth-richest-person. Ambani's real-time net worth rose by $2.17 billion to $72.4 billion on July 13. He is also the richest man in India and Asia. It looks like soon enough, he will be a part of the exclusive club of the world's top five richest people.
The latest Bloomberg Billionaires Index showed that the real-time net worth of Mukesh Ambani climbed to $72.4 billion (Rs 5.44 lakh crore) as compared to a rise of $2.17 billion yesterday.?
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He displaced Warren Buffet who is known as the Oracle of Omaha, and Tesla's Elon Musk.
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With Monday¡¯s 3% jump in?RIL's shares, Ambani¡¯s wealth has risen by $2.17?billion, and is now $72.4?billion. Worth mentioning here is that the RIL stock has outperformed the Sensex by soaring 29% so far this year, compared to an 11% drop in the benchmark index.
Following the surge in its share price, the oil-to-telecom conglomerate's market valuation jumped by Rs 38,163.22 crore to Rs 12,29,020.35 crore on the BSE. Analysts say the RIL shares?have been on a rise since the company announced its plan to reduce its net debt to zero by March 2021, and stake sales in its digital arm Jio Platforms.
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Another noteworthy thing here is that Ambani's net worth of Rs 5.44 lakh crore is higher than the combined net worth of India's next five billionaires - Aziz Premji ($16.9 billion), Shiv Nadar ($15.8 billion), Gautam Adani ($12.6 billion), Radhakishan Damani ($11.8 billion) and Cyrus Poonawala ($11.8 billion).
Ambani owns 42 per cent of RIL and has benefited from investing in the company's digital unit, Jio Platforms Ltd.