Thursday, January 21, 2021

Mukesh Ambani adds $16.5 billion to his fortune in 2019

- Advertisement -

RIL will invest will invest Rs 1.08 lakh crore in digital servicesNew Delhi, Dec 24 (IANS) Reliance Industries (RIL) Chairman Mukesh Ambani added $16.5 billion to his wealth in 2019 taking his total net worth to $60.8 billion, according to the Bloomberg Billionaires Index.

With around $61 billion of net worth as of Tuesday, the petroleum-to-telecom tycoon is the 12th richest person in the world.

The recent consistent rise in RIL”s shares prices is a major reason in the past one year. Data from the National Stock Exchange (NSE) shows that said that RIL”s share price rose by over 41 per cent in the past one year.

READ ALSO:  'Govt may use RBI surplus to meet fiscal deficit target'

On Tuesday, its shares closed at Rs 1,544.50, lower by Rs 26.90 or 1.71 per cent from its previous close.

In the past few years, the company has significantly diversified its business with its disruptive entry into the telecom segment with Jio, then into the broadband services with Jio GigaFiber. The group has also strengthened it”s retail presence and would soon enter the e-commerce segment giving a tough competition to the incumbents Amazon and Flipkart.

READ ALSO:  Even mild Covid-19 cases may provide lasting immunity: Study

The list of the world”s richest individuals is topped by Bill Gates with a net worth of $113 billion, aided by an addition of $22.4 billion this year.

Alibaba Group founder Jack Ma”s (19th richest) net worth rose by $11.3 billion while Amazon CEO Jeff Bezos, the second richest individual in the world, lost $13.2 billion.

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Related News


Please enter your comment!
Please enter your name here

Trending Topics In India

Covid 19 India Updates

Trending News In India

Trending Showbiz

Trending Sports

Latest Trending News In India

Taking two steps forward, govt puts ball in farmers’ court

By Navneet Mishra (IANS) On Wednesday, the Centre took its biggest stand ever on the issue of three agricultural laws. The 10th round of...

Why not repeal 3 farm laws instead of suspending them: Cong

New Delhi, Jan 20 (IANS) Hours after the 10th round of talks between the farmers and the government on Wednesday remained inconclusive again despite...

Breaking barriers: Kamala Devi Harris is US Vice President

By Nikhila Natarajan (IANS) Moments before 11.45 a.m. on Wednesday on a gorgeous winter morning, Kamala Harris was sworn in as the US' first...

UN chief welcomes US re-entry into Paris Agreement

United Nations, Jan 21 (IANS) UN Secretary-General Antonio Guterres has welcomed the announcement of the new US administration to re-enter the Paris Agreement on...