Mukesh Ambani is richest in Asia, $ 44.3 billion in wealth; Alibaba left behind Jack Ma
Mukesh Ambani’s net worth increased due to the rally in RIL shares
Mukesh Ambani, Chairman and MD of Reliance Industries (RIL) has become Asia’s richest person. He left behind the founder Jack Ma of China’s company Alibaba. RIL’s stock gained 1.6% on Friday. Based on this, Mukesh Ambani’s assets were valued at $ 44.3 billion. According to the Bloomberg Bilenier Index, Jack Ma Dulat’s $ 44 billion after the American stock market closed on Thursday. The Billionaire Index indicates the world’s 500th richest, which is fixed on the basis of networth after the American stock market closes every day.
Reliance became a $ 100 billion company on Thursday On Friday, its market cap crossed Rs 7 lakh crore during the trading in the stock market. The stock of the company is at 52 weeks high. In the annual meeting of shareholders on July 5, RIL announced a broad expansion of the broadband service, Geo Giga Fiber and Geo Phone 2, and prompted business expansion. From the very next day, the stock began to boom. From July 6, till now it has increased by 14%. This year the company’s petrochemical capacity doubled. Telecom service is also growing rapidly.