Mumbai: Reliance Industries (RIL) chairman Mukesh Ambani is racing to join the coveted $100 billion club as shares of his oil-to-telecom conglomerate rise.
Asia’s richest saw his wealth rise by $3.7 billion as Reliance shares touched their 52-week high of Rs 2479.85 on Monday.
According to the Bloomberg Billionaires Index, 64-year-old Ambani is the 12th richest globally with a net worth of $92.6 billion.
Ambani has increased his wealth by more than $15.9 billion since the beginning of this year.
Shares of RIL closed 0.7% higher at Rs 2441.3 on Tuesday in volatile Mumbai market, valuing the company close to Rs 15.5 lakh crore, making it India’s most valuable and first company to exceed Rs 15 lakh crore.
According to experts, RIL share price may continue to rise as the large-cap stock has given a fresh breakout after a year of consolidation and is expected to cross Rs 3,000 level in the next 9-12 months.
The 11 billionaires ahead of Ambani include Amazon’s Jeff Bezos ($201 billion), Tesla’s Elon Musk ($199 billion), LVMH’s Bernard Arnault ($164 billion), Microsoft founder Bill Gates ($154 billion), Facebook’s founder Mark Zuckerberg ($140 billion). , Google co-founders Larry Page ($128B) and Sergey Brin ($124B), former Microsoft CEO and Ambani classmate Steve Ballmer ($108B), Oracle co-founder Larry Ellison ($104B), Berkshire Hathaway’s President Warren Buffett ($103B) and François Bettencourt Meyers, granddaughter of the founder of L’Oréal and the world’s richest woman ($92.9B).
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