Mukesh Ambani Regains Title As Asia's Richest, Surpasses $100 Billion Net Worth

Mukesh Ambani returns as Asia's wealthiest, reclaiming the spotlight with a net worth surpassing $100 billion, now standing at a staggering $105.2 billion
Reliance Industries Chairman Mukesh Ambani
Reliance Industries Chairman Mukesh Ambani

Mukesh Ambani once again made headlines by reclaiming his status as Asia's wealthiest individual and joining the elite cohort of billionaires with a net worth exceeding $100 billion.

Days after media reports confirmed Adani surpassing Mukesh Ambani in terms of net worth, the exclusive Billionaire sphere now highlights Ambani's swift resurgence. The total net worth of Reliance's leader now stands at an astounding $105.2 billion, according to Forbes' 'World's Real-Time Billionaires' list.

The conglomerate's shares witnessed a surge of over 2.5 per cent on the BSE, reaching a 52-week high.

On Wednesday, addressing the Vibrant Gujarat Global Investors Summit, the Chairperson of Reliance Industries, reaffirmed the conglomerate's strong ties to Gujarat.

Mukesh Ambani highlighted that over one-third of Reliance's nationwide investments, totaling over Rs 12 lakh crore in the last decade, have been directed towards Gujarat. He further pledged to expand green energy capacity in the state through the Dhirubhai Ambani Green Energy Giga Complex, set to commence operations in the second half of 2024, aiming to fulfill half of Gujarat's power requirements from renewable sources.

Ambani also revealed plans for Reliance and Reliance Foundation to actively participate in the groundwork for India's 2036 Olympics bid.

RIL achieved a market capitalization exceeding Rs 18 lakh crore. Having demerged its non-banking financial company (NBFC) arm, Jio Financial Services, into a distinct listed entity last year, the stock of JFSL also concluded 5.15 per cent higher, reaching Rs 253 price level on the NSE.

Related Stories

No stories found.
Outlook Business & Money