News on Medial

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Livemint · 1y

Mukesh Ambani, the chairman of Reliance Industries Ltd, has seen an increase of $2.8 billion in his wealth, bringing it to a total of $101.8 billion, making him the richest person in India and Asia. This marks his return to the $100-billion club for the first time since June 2022. Ambani owns 42% of Reliance, a conglomerate with interests in energy, telecommunications, and retail. The company's shares have risen 2.6% to a record high, driven by a jump in quarterly profit and a diversification into technology and renewable energy.