Mukesh Ambani enters $100-billion club; analysts see further surge in RIL's m-cap

At present, the net worth of the country's richest person stands at USD 92.6 billion

 

 

The Chairman and Managing Director, Mukesh Ambani of India’s biggest conglomerate firm Reliance Industries, is closing in on a personal milestone as he is in a close range from joining the elite club of the businesspersons across the world with a net worth of over USD 100 billion.

 

As per to the data compiled by Bloomberg’s Billionaires’ Index, the current net worth of the country's richest person stands at USD 92.6 billion.

 

Ambani so far has added over USD 15 billion to his personal wealth in 2021 assisted by a recent rally in shares of RIL.

 

Presently, the RIL Chairman is at the 12th position in the list of world’s richest men, which is topped by the Jeff Bezos, Elon Musk, Bernard Arnault and Bill Gates.

 

Equities of RIL had pick up over 15 percent since the beginning of August aided by optimism for the new JioPhone Next, which will be launched on September 10, and improving prospects for the company’s energy business.

 

The investors are also expecting for the announcement of the sale of a minority stake by RIL in its oil-to-chemical business to Saudi Aramco.

 

The media reports have suggested that the deal could be an all-stock agreement where Reliance Industries will get nearly 1 percent share in Aramco.

India Scanner News Network

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