With Monday’s 3% surge in the shares of Reliance Industries Limited, Mukesh Ambani becomes the sixth richest man in the world. The jump in the stock prices bestowed on him, a rise in wealth by $2.17 billion.
With this, Ambani’s net worth totals to $72.4 billion surpassing that of Tesla’s Elon Musk and Google’s Larry Page, according to the Bloomberg Billionaire Index. The shares prices of his company have been rising since March as a result of a variety of investments that he has received from companies like Facebook, Silver Lake, Vista, etc.
Bloomberg Billionaires’ index also reports the net worth of Google’s Larry Page to be $71.6 billion and a major reason in this drop is due to the reduction in the US tech share prices on Monday. At the same time, the net worth of Tesla’s Musk amounts to $68.6 billion.
Just three days ago, the digital platform Jio, received investments worth Rs. 30,062.43 crores for a 6.13% stake. A week before that, Facebook bought a 9.99% stake in the company worth Rs. 43,574 crores. These investments total to Rs. 1.18 lakh crore worth investment sold for a 25.09% stake.
The Indian billionaire surpassed America’s Warren Buffet to become the eighth richest man in the world, just last week.
Ambani, in the month of June, also declared its company debt-free after having raise about Rs. 1.68 crores in 58 days, as per Economic Times. “We have fulfilled our promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021”, he quoted in a statement to the press.
