Thursday, April 15, 2021
Home News Reports Indian business tycoon Mukesh Ambani becomes the world’s fifth-richest man according to Forbes Real-Time...

Indian business tycoon Mukesh Ambani becomes the world’s fifth-richest man according to Forbes Real-Time Billionaires list

The Reliance Industries chairman Mukesh Ambani's net worth increased by $2.3 billion on July 23 (Thursday), according to Forbes, marking a jump of 3.11 per cent.

Reliance Industries chairperson Mukesh Ambani has become the fifth richest man in the world with a net worth of Rs 5.702 lakh crore ($76.2 billion), according to Forbes. The 63-year-old Indian business tycoon secured the fifth position in the list, surpassing Berkshire Hathaway CEO and legendary investor Warren Buffett, and Tesla and SpaceX founder Elon Musk.

With the shares of the oil-to-telecom conglomerate Reliance Industries hit an all-time high of Rs 2,010 per share on July 22 (Wednesday), billionaire Mukesh Ambani added $2.9 billion to his net worth in a single day.

Indian billionaire Mukesh Ambani grabs the 5th position in the Forbes list

Ambani’s net worth increased by $2.3 billion on July 23 (Thursday), according to Forbes, marking a jump of 3.11 per cent. Ambani is only next to Facebook co-founder and CEO Mark Zuckerberg, whose wealth is pegged at approximately $88 billion.

The billionaire list according to Forbes

Amazon’s Jeff Bezos tops the list, followed by Microsoft co-founder Bill Gates. French billionaire Bernard Arnault and the family is in the third position, who owns the luxury goods company Louis Vuitton.

The chairman of Reliance Industries had recently declared that his company had become a net debt-free company. “I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021,” he said, as his group reached the milestone.

Tech-giant Google to invest 4.5 billion USD in Reliance Jio

Reliance had recently sold a nearly 33 per cent stake in its digital services arm, Jio Platforms, to prominent investors including internet giants Facebook and Google. Mukesh Ambani, the Chairman of Reliance India chairman had confirmed that Google will invest over Rs 33,737 crore, or USD 4.5 billion for a 7.7 per cent stake in Jio Platforms taking the string of investments well over Rs 1,52,000 crore.

The sale of stakes in Jio along with its partnership with global oil major BP and a rights issue worth Rs 53,000 crore helped Reliance Industries become net debt-free.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staff
Staff reporter at OpIndia

Related Articles

Trending now

Hindu leader in Panipat explains why he thought it is necessary to come out in streets in support of Yati Narsinghanand Saraswati

A Muslim mob came face to face with Hindu organisations who carried out a sit-in vigil in support of Yati Narsinghanand Saraswati

Amdavad Municipal Corporation introduces ‘drive through’ RTPCR testing as COVID-19 cases surge in the state

First ever drive-through RTPCR testing centre opened in Ahmedabad, Gujarat as the state battles Chinese coronavirus

UP govt ramps up measures to fight the resurgent COVID-19 outbreak, airlifts 25,000 doses of Remdesivir using govt plane from Gujarat

The Uttar Pradesh government is working on a war-footing to blunt the second wave of the COVID-19 outbreak

One more video of a mob calling for beheading Yati Narsimhanand Saraswati for ‘insulting Prophet Muhammad’ goes viral

Muslims across the country are demanding the beheading of Yati Narsimhanand Saraswati after his comments criticising Islam

Tours and travels operators in Mumbai issuing fake COVID-19 negative reports for Rs 300: Report reveals

As people in Mumbai rush to get out of Maharashtra amidst worsening coronavirus outbreak, travel agents are arranging bogus COVID-negative reports for Rs 300 to Rs 500 to enable their exit.

Maha COVID-19 crisis: Hospital beds and ventilators running short, scarcity in oxygen and Remdesivir supply, and inordinate delays in testing

Maharashtra is in a midst of a resurgent coronavirus outbreak as the state has reported over 60,212 fresh COVID-19 cases on Tuesday

Recently Popular

Pfizer wanted Brazil, Argentina to put military bases, Federal reserve as collateral: Why India kept Pfizer away and how the usual suspects are wrong

Pfizer has been accused of countries in Latin America of pledging their sovereign assets, military bases and financial reserves to protect itself from any adverse fallout of the vaccine

OpIndia Exclusive: Tata Communications suffers data leak, hackers claim to have sold access to company’s servers, over 50GB data still up for sale

As per two posts by hackers on a hackers' forum, they have gained access to Tata Communications servers and sold them.

What happened in Chhabra after Hindu man was stabbed by Muslim men: Call for peace, attack on a Hindu the next day and more

On April 12, the administration extended curfew for one more day at Chhabra, Baran district in Rajasthan after the communal riot

Attempts to draw false equivalence between the Kumbh Mela and Tablighi Jamaat congregation do not make sense: Here’s why

Attempts are being made to draw false equivalences between the Kumbh Mela and the Tablighi Jamaat congregation last year.

It’s a lung… it’s a burnt toast… it’s a duck pic… No! It’s a painting by Mamata Banerjee

Mamata Banerjee did not appear in any election rallies or gave any statement regarding the ongoing Assembly elections in West Bengal after Election Commission banned her from campaigning for 24 hours

Mayor Sadiq Khan vows to bring the Indian Premier League to London to boost his reelection chances: Details

London mayor Sadiq Khan promises to bring the Indian Premier League to the British capital as part of his reelection campaign.
- Advertisement -


Connect with us