Reliance Industries Limited (RIL) chairman Mukesh Ambani re-entered the $100 billion club on Friday after a dramatic surge in shares of the oil-to-telecom conglomerate.
A brief about as Reliance shares surge, Mukesh Ambani rejoins the exclusive $100 billion club again
Ambani’s wealth increased by approximately $2.76 billion in a single day, propelling him to the 12th position on the Bloomberg Billionaires Index. As a result, he is now the richest person in Asia, surpassing billionaire businessman Gautam Adani.
Noteworthy is the substantial spike in Reliance shares over the last several trading days, which has resulted in a $5.47 billion increase in Mukesh Ambani’s net worth since the year began.
Over the last five trading sessions, RIL’s shares have increased by almost 3%. RIL now has a total market capitalization of Rs 18.40 lakh billion. Notably, within the last month, the stock saw a 12% gain.