Mukesh Ambani, chairman of Reliance Industries Ltd overtakes Larry Page, Sergey Brin to become 9th richest person in the world, according to the Forbes Real-Time Billionaire list, has jumped to $64.6 billion, making him the only Asian tycoon in the exclusive club of the world’s top 10 richest people.
Mukesh Ambani chairs and runs $88 billion (revenue) oil and gas giant Reliance Industries, among India’s most valuable companies. The sharp increase in net worth today likely came about from the stock price of Reliance Industries, which rose 6.5 percent today.
Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Friday announced that the company has now become net debt-free. Reliance has raised over Rs 1,68,818 crore in just 58 days through investments by global tech investors – Rs 115,693.95 crore and Rights Issue – Rs 53,124.20 crore for its digital services arm, Jio Platforms. With these investments, now RIL has become a “net debt-free” company.
“I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021,” Mukesh Ambani said in a statement released early on Friday.