Mukesh Ambani’s 8th richest person in the world, Reliance’s assets cross Rs 12 lakh crore
Mukesh Ambani, chairman of Reliance Industries Ltd., overtook Alphabet’s co-founder Sergey Brin. Now his wealth has reached $ 72.5 billion.
On Monday, Mukesh Ambani became the eighth richest person in the world after Reliance Industries’ stock rose three per cent. With this surge in shares, Reliance Industries became a company of over Rs 12 lakh crore. The chairman of Reliance Industries Ltd. overtook Sergei Brin, co-founder of Alphabet.
Extremely fast growth in Reliance’s assets
Mukesh Ambani’s wealth has increased by $ 2.36 billion to reach $ 72.5 billion. At the AGM of Reliance Industries in 2014, Mukesh Ambani said that Reliance Industries has reached in the last 37 years, it will reach even further in the next three years. It happened exactly the same. On November 1, 2017, Reliance Industries became a Rs 6 lakh crore company. It took 40 years to reach here but it took less than four years to add the next six lakh crores. By this time, Reliance Material and Energy Company was transformed into a consumer company. Now its assets have reached the share prices of all telecom, retail and refinery products in the country. At the 2019 AGM, Mukesh Ambani said that the day is not far when the share of consumer business in the entire business will be 50 percent.
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Jeff Bezos tops the list of Forbes
Mukesh Ambani is ranked 7th in Forbes’ rich list. According to Forbes, his total wealth is $ 70 billion. Mukesh Ambani’s wealth has increased by $ 5.4 billion in the last 20 days. On June 20, Ambani was ranked ninth in Forbes’ list. Jeff Bezos is at the top of this list. He has total assets of $ 189 billion. Jeff Bezos owns Amazon, the world’s largest e-retail company. Amazon’s profits have increased significantly during the coronavirus infection.