Reliance Industries Beats Netflix, Becomes 42nd Most Valuable Company By Market Cap Globally
Reliance Industries, under Mukesh Ambani's leadership, marked a historic achievement as the first listed Indian company to attain a market capitalization of Rs 20 lakh crore recently. This accomplishment positions RIL at the 42nd position among the world's top 50 companies by market capitalization, surpassing global industry leaders. Streaming giant Netflix is at 43rd as per companiesmarketcap.com.
Reliance Industries, under Mukesh Ambani's leadership, marked a historic achievement as the first listed Indian company to attain a market capitalization of Rs 20 lakh crore recently.
This accomplishment puts RIL at the 42nd position among the world's top 50 companies by market capitalization, surpassing global industry leaders. Streaming giant Netflix is at 43rd as per companiesmarketcap.com.
mukesh ambani reliance list of companies/ani
RIL's Rapid Market Cap Surge: From Rs 1 Lakh Crore to Rs 20 Lakh Crore in Less Than 5 Years
Remarkably, RIL has expanded its market capitalization by the most recent Rs 10 lakh crore in less than five years, establishing a firm foothold in the telecom, retail, and oil-to-chemical sectors. The company first reached the Rs 1 lakh crore market cap milestone in August 2005, accomplishing Rs 10 lakh crore in November 2019.
Mukesh Ambani¡¯s Net Worth Now Stands At Rs 9 Lakh Crore
Mukesh Ambani, the chairman of Reliance Industries and the wealthiest person in Asia, has experienced a notable rise in his personal fortune attributed to the upswing in RIL shares. As per Bloomberg¡¯s Billionaire Index, Ambani's total wealth currently amounts to approximately $109 billion, solidifying his status as the richest individual in Asia. In the second position is Gautam Adani, whose net worth of $99.4 billion makes him the second-richest individual in the region.
mukesh ambani career/forbes
RIL To Acquire Walt Disney Co
Reliance Industries Limited (RIL) is nearing the completion of negotiations with Walt Disney Co for a substantial stock-and-cash merger. This move aims to establish India's largest business and entertainment entity, marking the final stages of the deal discussions. RIL is set to have a 60% stake in the merged entity. Meanwhile, Walt Disney Co will hold the remaining 40% ownership.
Here's a list of the top 10 companies by market cap in 2024
1. Microsoft - $3.085 trillion
2. Apple - $2.889 trillion
3. Saudi Aramco - $1.997 trillion
4. Alphabet (Google) - $1.841 trillion
5. Amazon - $1.790 trillion
6. Nvidia - $1.784 trillion
7. Meta Platforms(Facebook) - $1.195 billion
8. Berkshire Hathaway - $861.74 billion
9. Eli Lilly - $699.88 billion
10. TSMC - $676.61 billion
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Bhavya Sadhwani heads Indiatimes OTT section - Binge. She calls herself an entertainment ninja and OTT content sucker. She loves to write on web series, movies, documentaries, reality shows and everything else that releases on digital platforms. She forms a special bond with those who share her love for cringe content.
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