Business & Economy

Mukesh Ambani Rejoins Centibillion Club, Surpasses Adani as Asia's Wealthiest Man

© AP Photo / Rajanish KakadeFILE- In this June 17, 2010 file photo, Reliance Industries Managing Director Mukesh Ambani, during a book release function in Mumbai, India. BP PLC is paying India's Reliance Industries $7.2 billion to take a stake in key oil and gas blocks, gaining a significant foothold in the Asian country as it continues to reposition global operations following the disastrous Gulf of Mexico spill
FILE- In this June 17, 2010 file photo, Reliance Industries Managing Director Mukesh Ambani, during a book release function in Mumbai, India.  BP PLC is paying India's Reliance Industries $7.2 billion to take a stake in key oil and gas blocks, gaining a significant foothold in the Asian country as it continues to reposition global operations following the disastrous Gulf of Mexico spill - Sputnik India, 1920, 12.01.2024
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Mukesh Ambani's net worth is about $102 billion as of Friday, adding nearly $3 billion in just 24 hours to climb to 12th place on the Bloomberg Billionaires Index.
Reliance Industry Limited (RIL) chairman Mukesh Ambani on Friday re-entered the $100 billion club, once again becoming the richest man in India and Asia.
Ambani overtook Gautam Adani, who is now ranked 14th with a total fortune of $96.2 billion. Notably, the increase in wealth comes after Ambani's venture stocks rose as much as 12 percent in the past month.
RIL's total market capitalization has reached INR 18.4 trillion ($221 billion). The recently demerged Jio Financial Services (JFSL) also contributed to Mukesh Ambani's recent surge in wealth.
Reliance Industries invests in petrochemicals, oil and gas, telecommunications, retail and financial services.
Reliance was founded in 1966 by his late father, Dhirubhai Ambani, a yarn merchant, as a small textile manufacturer. After his father's death in 2002, Ambani and his younger sibling, Anil, split the family empire.
Fireworks explode during the closing ceremony of the 2022 Winter Olympics, Feb. 20, 2022, in Beijing. India has overtaken China as the world’s most populous nation and has grand ambitions of becoming a major international player but it has a long way to go to match its Asian neighbor’s clout in the sports arena. - Sputnik India, 1920, 10.01.2024
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