Indian Richest Business Tycoon

As we all know Mukesh Ambani is the one of the biggest business tycoon of India, he is also the 20th richest person of the world. Mukesh Ambani’s net worth has jumped to $31.3 billion making him the 20th richest person on the planet. He did not born reach he struggled a lot in this carrier. He is a top business man with a top business plans.

Ambani was ranked at number 33 with a fortune of $23.2 billion in the Forbes 2017 Billionaires List, which was published in March.  Since then, India’s richest person has added close to $8 billion on rising shares of his Reliance Industries, which are up by a third from February 17 when stock prices were locked in for the Billionaires List.

Reliance Industries Chairman Mukesh Ambani on Wednesday overtook China’s Hui Ka Yan to become Asia’s richest person with a total wealth of $42.1 billion.

According to Forbes’ real time billionaire’s list, Ambani’s personal wealth rose by $466 million, thanks to 1.22 per cent rise in shares of Reliance Industries to Rs 952.30 on Wednesday.

On the other hand, wealth of China Evergrande Group’s Chairman Hui Ka Yan slumped by $1.28 billion to $40.6 billion on Wednesday.

Globally, Ambani stood at the 14th spot on Forbes’ real time billionaire’s list, which is based on the value of person’s stock holding and assets on a real time basis.

Ambani has seen a huge jump in his personal wealth in 2017, as the shares of Reliance Industries have jumped over 75 per cent year-to-date. Last month, RIL had churned out another billion dollar profit in the September quarter thanks to robust growth in gross refining margins and petrochemical revenues.

Consolidated net profit of the company had increased 12.48 per cent year-on-year (YoY) to Rs 8,109 crore for the quarter ended September 30, 2017 against Rs 7,209 crore in the corresponding quarter last year.

RIL on Wednesday became the first Indian company to hit the market capitalisation of Rs 6 lakh crore.

Leave a Reply

Your email address will not be published. Required fields are marked *