Reliance Industries Limited Chairman Mukesh Ambani has become the sixth richest man in the world, according to data on the Bloomberg Billionaires Index (BBI).
Ambani’s real-time net worth has increased by $ 217 billion to 72.4 billion on Monday. Ambani, who was the richest man in India and Asia, is now close to entering the elite club of world’s top five billionaires
Mukesh Ambani’s net worth has seen a massive spike due to the rapid rise in the share price of Reliance Industries. RIL’s share prices have almost doubled since March 2020 after a series of investments in Reliance Jio platforms within three months starting with Face book in April.
According to the latest Bloomberg Billionaires Index, Ambani’s net worth now stands at $72.4 billion (Rs 5.44 lakh crore) after a rise of $2.17 billion.
The reason behind Ambani’s sharp climb on the BBI can be attributed to Reliance’s performance, which has now transformed itself into a consumer company from an energy producer, has seen its valuation rise sharply to top Rs 12 lakh crore.
It may be noted that Ambani has added almost $7.9 billion to his fortune over the past 22 days due to a sharp rally in Reliance’s shares.
The Reliance boss has been gradually rising up the ranks on the BBI.
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