Mukesh Ambani regains 5th spot on rich list as net worth crosses $88 billion for the first time

Mukesh Ambani regains 5th spot on rich list as net worth crosses $88 billion for the first time

Reliance Industries chairman and MD Mukesh Ambani on Thursday became the 5th richest person in the world as per Forbes. The billionaire’s net worth cross $88.4 billion marks for the first time after Reliance Industries became the first Indian company to have a market capitalisation of more than $200 billion.

As per Forbes’ real-time net worth data, Ambani’s fortune surged by $7.8 billion on September 10 to $88.4 billion (Rs 6.4 lakh crore) after RIL shares touched a record high of Rs 2,344.95, up over 8%. The announcement of the US-based company Silver Lake buying a stake in Reliance Retail saw RIL’s share gain. After Reliance Jio, now Silver Lake will buy 1.75 per cent stake in Reliance Retail for Rs 7,500 crore.

It is worth noting that Shares of Ambani-led RIL took a long jump as soon as trading started in the stock markets on Thursday and the company’s market capitalization crossed Rs 14.7 lakh crore. His fortune increased by $7.9 billion till 2 pm. Because of this surge, his net worth now stands at $88.4 billion. On the Forbes rich list, Mukesh Ambani has now surpassed Tesla, SpaceX boss Elon Musk and Berkshire Hathaway top boss Warren Buffett.

forbes richest person

According to the list, Facebook founder Mark Zuckerberg ranks fourth. While billionaire investor Buffett is the sixth richest on the list, Musk is ranked seventh. Amazon founder Jeff Bezos is still at the top with a net worth of $192.1 billion. While Bill Gates follows at the second spot with a net worth of $115.6 billion, the difference between Bezos and Gates’ net worth is massive at $76.5 billion. The third richest as per Forbes is Bernard Arnault & Family.

It is worth mentioning that RIL created history today by becoming the first company in India to touch a market capital of $200 billion (about Rs 15 lakh crore). During intraday trading, RIL’s stocks hit an all-time high as shares rose 8.45 per cent to Rs 2,343.90 on the BSE.

Source- Timesnow