Mukesh Ambani Races To Join $100 Billion Club With A Rise In Reliance Shares

Mukesh Ambani has added over $15.9 billion to his wealth since the beginning of this year.

Mumbai: Reliance Industries (RIL) chairman Mukesh Ambani rushes to join the coveted $100 billion club with the rise in shares of his oil-telecom conglomerate.

The richest in Asia saw their wealth rise by $ 3.7 billion as Reliance shares hit their 52-week high on Monday at Rs 2,479.85.

According to the Bloomberg Billionaires Index, Ambani, 64, with a fortune of $ 92.6 billion, is ranked 12th richest in the world.

Ambani has added more than $ 15.9 billion to his fortune since the start of this year.

RIL shares closed on Tuesday up 0.7% at Rs 2,441.3 in a volatile Mumbai market, valuing the company at nearly Rs 15.5 lakh crore, the first Indian company to break the Rs 15 lakh mark.

According to experts, the rise in the RIL share price could continue, as large-cap stocks have seen a new breakthrough after a year of consolidation and are expected to reach levels of Rs 3,000 as of today over the next 9 to 12 months.

The 11 billionaires ahead of Ambani include Amazon’s Jeff Bezos ($ 201 billion), Tesla’s Elon Musk ($ 199 billion), LVMH’s Bernard Arnault ($ 164 billion), Microsoft founder Bill Gates ($ 154 billion). dollars), Facebook founder Mark Zuckerberg ($ 140 billion), Google co-founders Larry Page ($ 128 billion) and Sergey Brin ($ 124 billion), former Microsoft CEO and classmate of Ambani, Steve Ballmer ($ 108 billion), Oracle co-founder Larry Ellison ($ 104 billion), President of Berkshire Hathaway, Warren Buffett ($ 103 billion) and Françoise Bettencourt Meyers, granddaughter from the founder of L’Oréal and the richest woman in the world ($ 92.9 billion).

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