Something went wrong with the connection!
 Breaking News

Mukesh Ambani 9th richest in the world: Forbes

Mukesh Ambani 9th richest in the world: Forbes
November 29
11:09 2019

MUMBAI: Reliance Industries Chairman Mukesh Ambani is the ninth richest person in the world, according to ‘The Real-Time Billionaires List’ of Forbes. The RIL Chairman was ranked 13th globally in the Forbes’ 2019 rich list, released earlier this year. His rise can be attributed to RIL surpassing the Rs 10 lakh crore market capitalisation mark, becoming the first Indian company to do so on Thursday.

According to the Forbes ‘The Real-Time Billionaires List’, RIL Chairman’s ‘Real Time Net Worth’ stood at $60.8 billion on Thursday.

The list was headed by Jeff Bezos, CEO and Founder of Amazon, with ‘Real Time Net Worth’ of $113 billion on Thursday. The list “reflects changes since 5 p.m. EST of prior trading day,” Forbes said on its website.

On Thursday, RIL shares hit the 52-week high of Rs 1,581.25 on the BSE, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 index advanced over 13 per cent.

Reliance is followed by TCS as the second most valued firm. HDFC Bank, Hindustan Uniliver and HDFC were the others. Among RIL’s big ticket announcements was its aims to be net debt-free by the end of FY20. The company also announced selling of 20 per cent stake in refining and petrochemical business to Saudi Aramco.

RIL recently announced plans to set up a wholly-owned subsidiary called ‘Jio Platforms Limited’ (JPL) for all its digital platform initiatives. It will infuse Rs 1.08 trillion more equity into JPL, which will invest that amount in Jio. RIL’s current equity investment is Rs 650 billion in Jio.

Apart from RIL’s core business, brokerages said RIL’s presence across fashion, lifestyle and consumer electronics is far higher than any other player in the domestic market now. IANS

Comments

comments

Related Articles

Polls

Should National Register of Citizens (NRC) cover the whole of India?

View Results

Loading ... Loading ...

E-paper Latest Edition

Subscribe to our Digital Edition

Epaper

ADVERTISEMENT – INKASA INTERIORS

Inkasa Interiors | Interior Designer in Delhi

ADVERTISEMENT – Ponderosa Homes

Ponderosa Homes

50 SPIRITUAL APPETIZERS – VINOD DHAWAN

50-ad-Indiapost

It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

ADVERTISEMENT – Star Tours

Star Tours

ADVERTISEMENT – Global Holidays

Global Holidays Early Bird Discounts

POPULAR CATEGORIES

Follow us On Twitter

#Indian businessman pleads guilty to importing banned drugs into US - https://t.co/5GKEt54YvB Get your news featur… https://t.co/W0EG5RkicW
h J R
@Indiapost_News
Federal US commission seeks sanctions against home minister Amit Shah if CAB passed in parliament -… https://t.co/wpMf3ckSjC
h J R
@Indiapost_News
2nd #Indian girl falls to death in #UAE - https://t.co/BRtSfpdyFK Get your news featured use #IndiaPostUSA… https://t.co/5ppVyJ2TtF
h J R
@Indiapost_News
Afghan war can end in few weeks if Pak denies safe heaven to #Taliban, ... - https://t.co/5vi6vUqRd5 Get your news… https://t.co/1YfHoCC4O5
h J R
@Indiapost_News

Facebook

Subscribe To Our Mailing List

Enter your email address:

Delivered by FeedBurner

Subscribe to IndiaPost by Email

Download Media Kit

India Post Media Kit