RIL Legend Becomes Fifth Richest as Shares Soar High

RIL Legend Becomes Fifth Richest as Shares Soar High

On Wednesday, Mukesh Ambani becomes fifth wealthiest as Reliance Industries shares hit a new high of Rs. 2,010. According to the Real-Time Billionaires List by Forbes magazine, Ambani has an estimated wealth at $75 Bn after a 4.49% rise from earlier.

To date, the market capitalization is up to Rs. 12.70 lakh crore as a result of RIL shares up by 35%. On July 15, at Annual General Meeting, Mukesh spoke about Jio’s meet with Google to develop AR-enabled Jio Glass and Jio TV+. AR-enabled Jio Glass is an android based operating system.

RIL Legend Becomes Fifth Richest as Shares Soar High
Image Credit: The Hindu

The Indian Billionaire stands below social media giant Facebook’s owner Mark Zuckerberg. His net worth stands at $89 Bn. Whereas, Amazon founder and CEO stands firm at the top position with a net worth of $185.8 Bn.

Reliance sold nearly 33% stake in Jio Platforms to several investors in the last few months. It included tech giants Google, Facebook, Qualcomm Ventures, etc. However, on 22 April, Facebook announced an investment of Rs.43,574 Cr into Jio Platforms. This will further be looked into a 9.99 percent stake in Jio Platforms.

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