Mumbai: On the day of the Reliance Industries Annual General Meeting (AGM), the company’s shares witnessed a significant surge, which not only boosted its market capitalisation but also had a notable impact on Mukesh Ambani’s wealth. Asia’s richest businessman saw his fortune increase by approximately Rs 15,000 crore on Thursday, making him the second-highest gainer in terms of wealth after Bernard Arnault, according to Bloomberg data. Meanwhile, Gautam Adani, another prominent figure in Asia’s business landscape, experienced a decline in his net worth, pushing him down to the 15th spot among the world’s top billionaires.
According to the Bloomberg Billionaires Index, Mukesh Ambani’s net worth saw a remarkable increase of about $1.77 billion (approximately Rs 15,000 crore), marking him as the second-largest gainer on the list. The highest increase was observed by Bernard Arnault, the world’s second-richest individual, whose wealth grew by $2.23 billion, bringing his total fortune to $198 billion. Following this rise, Mukesh Ambani’s total wealth now stands at $114 billion.
Despite this impressive increase, Ambani remains the 11th richest person in the world. His net worth has grown by $17.7 billion this year alone, and over the last year, it has surged by around $22 billion. On 27 August 2023, Bloomberg reported that Ambani’s net worth was $92.1 billion, reflecting a 24% increase. A significant contributor to this growth has been the 24% rise in the share value of his company, Reliance Industries.
On the other hand, Gautam Adani, Asia’s second-richest businessman, saw his wealth take a slight hit on Thursday. His net worth stood at $101 billion after a decrease of about $4 billion over the past month. This decline pushed him to the 15th position on the global billionaires’ list, down from 12th just days ago. Despite the recent dip, Adani’s wealth has increased by $16.6 billion this year, and over the last 12 months, it has seen a substantial rise of $37 billion.
This fluctuation in fortunes reflects the dynamic nature of global markets and the intense competition among the world’s wealthiest individuals. As Mukesh Ambani’s Reliance Industries continues to grow and expand, all eyes remain on the shifting positions within the ranks of the world’s billionaires.
Comments are closed.