Mukesh Ambani on the verge of becoming Asia's second richest entrepreneur
Shital Jibhe / 08 Apr 2017
Mukesh Ambani's fortunes have aggravated this year in the wake of Reliance Industries Limited's (RIL's) stock surging by approximately 33% this year itself.
Mukesh Ambani's fortunes have aggrevated this year in the wake of Reliance Industries Limited's (RIL's) stock surging by approximately 33% this year itself.
His wealth surged by $8.4 billion this year, taking the cumulative total to approximately $31.2 billion.
Mukesh Ambani is just $300 million short of Wang Jialin's wealth, who is currently the 2nd richest Asian.
Alibaba Group Holding Ltd.'s founder, Jack Ma, remains the richest Asian as per the Bloomberg Billionaires Index.
Reliance Industries is also on the verge of becoming the most valued company in the nation as it is gradually closing the gap between itself and TCS in terms of m-cap. TCS is currently the highest valued in India, belonging to the Tata Group.
TCS has dipped by 2% in terms of its share price over a one year period; while RIL garnered more than 33% over the same time frame.
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