Reliance Industries Share Price Reached Record Levels, Mukesh Ambani's Wealth Increased By Rs 13 Crore.
Key Sentence:
- If the share price continues to rise, Mukesh Ambani will be included in the list of billionaires with a net worth of 100 billion.
The Indian stock market closed below 60,000 on Tuesday, the second day of the week. However, heavyweight Reliance Industries (RIL) stocks continued their bullish trend and rose by about one percent to a record high of Rs 2,545. Reliance Industries chairman Mukesh Ambani's net worth has also risen sharply following the rally in the company's stock.
How much Mukesh Ambani's wealth increased
According to the Forbes Real-Time Billionaire Index, Mukesh Ambani's net worth has risen by 2.5 2.5 billion to 98 98.5 billion in 24 hours following a sharp rise in the company's stock. That is, in 24 hours, Mukesh Ambani's wealth increased by about Rs 18,530 crore. Thus every minute, his wealth increased by about Rs 13 crore.
Close to 100 billion
If the bullish trend in stock prices continues, Mukesh Ambani will be included in the list of billionaires with a net worth of 100 100 billion. He is currently the 10th richest person in the world at નજીક 98.5 billion with a net worth of 100 100 billion. The company has raised about Rs 1.48 lakh crore (20 20 billion) by selling Geo's stake to foreign investors such as Facebook and Google during the Covid lockdown.
Investors also became wealthy.
Investors have also rallied following the rally in Reliance Industries stocks. Shares of Reliance have returned 28 percent since January this year. Shares of the company have returned about 25 percent in the last two months. Even in the previous four-five sessions, the share price has been touching a continuous high. With today's rally, the market capitalization of Reliance Industries has risen to Rs 16,15,321.80 crore.
Source from Divyabhashkar