[ad_1]
The net worth of the chairman of Reliance is now 92.6 billion U.S. dollars.
Mukesh Ambani, the richest man in Asia, is quickly looking for rare people with a fortune of US$100 billion after his net worth increased by US$3.7 billion on Friday.
Shares of Ambani’s Reliance Industries Co., Ltd. (RIL) soared 4.15% on Friday after the tycoon announced plans to promote cheaper and green hydrogen production, doubling its clean energy goal.
Bloomberg Billionaires Index shows that the Indian tycoon’s net worth is currently 92.6 billion US dollars, which is about 10 billion US dollars less than Warren Buffett’s 102.6 billion US dollars.
Forbes Rich List: How billionaire Mukesh Ambani regained his position as the richest man in Asia
In 2007, the Ambani family formed by Mukesh and his brother Anil Ambani became the first Indian business family with a combined wealth of more than US$100 billion.
Several Gulf Cooperation Council sovereign funds, including Abu Dhabi’s Mubadala and Abu Dhabi Investment Authority, as well as Saudi Arabia’s public investment funds, have invested billions of dollars in Ambani’s group.
Adnoc and Reliance sign a world-class chemical project partnership
The chairman of RIL followed L’Oréal’s Francoise Bettencourt Meyers with US$92.6 billion, whose net worth in the index was US$92.9 billion.
Ambani’s Reliance Jio has also become one of the major players in the Indian telecommunications market. After Bharti Airtel announced an average revenue per user of 200 rupees, the Indian market’s assessment of Reliance Jio ARPU was 160 to 170 rupees, which also led to an increase in Reliance Jio’s market valuation.
Saudi Aramco chairman will join Reliance before the 55 billion dirham transaction
Ambani’s telecommunications division has become the dominant player in the Indian market as his digital business continues to expand with the support of investors including Facebook Inc. At the same time, Saudi Aramco is seeking to buy shares worth as much as US$25 billion in a deal purported to be Reliance’s refining business.
issacjohn@khaleejtimes.com
Isaac John
The editorial director of Khaleej Times is a well-connected Indian journalist and economic and financial commentator. He has worked in mainstream journalism in the UAE for 35 years, including 23 years in Khaleej Times. He is a graduate of English majors and economics majors, and has won more than 20 awards. He is widely praised for his real and insightful analysis of global and regional business and economic trends, and is respected for his keen understanding of local business scenarios.
[ad_2]
Source link