Reliance Industries Limited (RIL) chairman Mukesh Ambani has had a great week. Mukesh Ambani and his company have achieved four major achievements in the midst of an economic crisis due to Corona.
Mukesh Ambani has made it to the list of top-10 richest people in the world. In fact, in the last two months, Reliance Jio has received a total of 11 investments. Mukesh Ambani’s wealth has increased rapidly due to the recent global investment and record bounce of the company’s stock price.
Mukesh Ambani is ranked 9th in the Forbes real-time list of billionaires. Not only this, but Mukesh Ambani is also ranked 9th in the Bloomberg Billionaires Index. Due to heavy investment in Jio, Mukesh Ambani’s total assets reached close to $ 64 billion on Friday.
Amazon chief Jeff Bezos ranks first in Forbes’ top-10 richest list. He has assets of $ 160 billion. Second is Microsoft’s Bill Gates, who has a net worth of $ 108.7 billion. While Facebook’s Mark Zuckerberg is in fourth place with assets of $ 87.9 billion.
According to Forbes, Radhakishan Damani is the founder of the second richest DMart after Mukesh Ambani in India. They are ranked 84 in the Global List. His total assets are 16.2 billion dollars.
Reliance Industries has become the country’s first 11 lakh crore market cap company after a huge jump in Reliance Industries’ stock on Friday. Mukesh Ambani holds 42 percent in Reliance Industries.
Mukesh Ambani had announced to make Reliance Industries a debt-free company by March-2021. More than 1.16 lakh crore has been invested in Jio platforms within the last two months. Apart from this, the company has raised Rs 53 thousand crores from the rights issue. Due to which the company became debt-free 9 months ahead of schedule.
Mukesh Ambani said that after raising a record Rs 1.69 lakh crore from the rights issue and global investors in the last two months, the company’s net debt has come down to zero. The last investment in Jio was made by the PIF of Saudi Arabia on 18 June. The current phase of adding financial partners with the company is over, with the company buying a 2.32 percent stake in Jio Platforms for Rs 11,367 crore.
Reliance Group company Jio Platforms is the fifth-largest company by value in the country. If Jio Platforms is listed on the Bombay Stock Exchange, then it will become the fifth-largest company in the country by value. Only ahead of Jio in the stock market will be giants like Reliance Industries (Rs 10.49 lakh crore), TCS (Rs 7.64 lakh crore), HDFC Bank (Rs 5.59 lakh crore), and Hindustan Unilever (Rs 4.8 crore).