Reliance Industries Limited (RIL) Chairman Mukesh Ambani has become the 6th richest man in the world surpassing Larry Page, Co-founder of Alphabet. This information is available according to the data mentioned on the BBI (Bloomberg Billionaires Index).
On Monday, Ambani’s real-time net worth increased by $ 217 billion to 72.4 billion. In India and Asia, Ambani is the richest man and now he is close to entering the elite club of the world’s top 5 billionaires. There has been a 3 percent increase in the RIL shares of Ambani’s wealth.
Current Net Worth
According to the Bloomberg Billionaires Index latest information, Ambani’s net worth is now Rs 5.44 lakh crore after seeing the rise of $2.17 billion. He is behind in the list of billionaires from American businessman Steve Ballmer who is in the fifth position and he has a net worth of $74.6 billion.
Due to the Reliance performance, there has been a rise in Amani’s sharp climb which is mentioned on the BBI list. Now, RIL has transformed itself into a consumer company from an energy producer. There has been a great valuation rise which is around Rs 12 lakh crore.
Increase in the Reliance shares
From the past 22 days, it has been seen that Ambani has increased by almost $7.9 billion. This happened because of the sharp rise in the Reliance shares. With time, the reliance bosses have seen a gradual rise in the banks on the BBI.
Last week, he overtook Warren Buffet and became the 8th richest man in the world.in the market rout, he has sharp losses but in the next 2 months there has been a surge with the deals he had made and the deals were in crores. The deal got stuck by the reliance industries in selling the stakes in its telecom arm.
In March, the shares of the conglomerate doubled because its digital unit has got billions of investment from companies like Silver Lake, Facebook Inc, and Qualcomm Inc. According to a report by Hurun Research, there has been an increase despite Ambani’s wealth being down by 1 percent in comparison to the pre-COVID-levels.
Reliance Industries on the top
Reliance Industries India’s most valued company by market capitalization (m-cap), has now become the world’s 51st most-valued company by m-cap. The Reliance industries market cap has been increased by Rs 12 lakh crore following Qualcomm Ventures made an investment in Jio Platforms of around Rs 730 crore for a 0.15 percent equity stake.
Moreover, the company has been known for giving its customers interesting offers and internet facilities which makes their daily work easier. With different packages and offers customers also get attracted to the company and avail of the reliable service which they cannot get from anywhere.
