The total net worth of the Chairman and Managing Director of RIL was estimated at $105.1 billion, shows data from the Forbes Real-Time Billionaires List.
In the global rich list, Ambani is now at the No.11 spot. The Forbes list has only 12 billionaires in the $100 billion club.
A surge in Ambani’s fortune comes amid a sharp 5.4% upside in RIL shares in the last two trading sessions. The shares ended 2.6% higher on BSE at Rs 2,718.40 today after scaling a fresh peak of Rs 2,724.95.
The market capitalisation of RIL also crossed the milestone of Rs 18 lakh crore. Last year, the conglomerate demerged its NBFC arm Jio Financial Services (JFSL) into a separate listed entity. JFSL stock too ended 4.7% higher at Rs 251.50.
Shares of other Ambani companies have also been on a roll. Network18 is up 45% in one week and TV18 Broadcast 24% in 5 trading sessions.
At the company’s AGM in 2022, Ambani had told shareholders that RIL’s market value would double by the end of its golden decade in 2027. To achieve that dream, the listing of both Jio and Reliance Retail is important.
Rich List
Ambani had earlier entered into the $100 billion elite club in 2021 to drop out of the list later on. Gautam Adani, in the meantime, is at No.16 on the list of the world’s richest billionaires.
Elon Musk remains on top of the list with a net worth of #240.9 billion, followed by Bernard Arnault, Jeff Bezos, Larry Ellison, and Mark Zuckerberg.