Mukesh Ambani ninth richest person in the world: Forbes


Mukesh Ambani ninth richest person in the world


The "net real-time value" of RIL president Mukesh Ambani stood at $ 60.8 billion on Thursday.The list was headed by Jeff Bezos, CEO and founding father of Amazon.

Mumbai: The president of Reliance Industries, Mukesh Ambani, is the ninth richest person in the world, according to the "List of billionaires in real time" of Forbes.

The President of RIL was ranked 13th worldwide on the rich Forbes' 2019 list, published earlier this year. Its increase can be attributed to the fact that RIL exceeded the market capitalization mark of 10 rupees lakh rupees, becoming the first Indian company to do so on Thursday.


Mukesh Ambani ninth richest person in the world

According to the Forbes Real-Time Billionaires List, the "Net Real-Time Value" of the RIL president stood at $ 60.8 billion on Thursday.

The list was headed by Jeff Bezos, CEO and Founder of Amazon, with a "Real-time net worth" of $ 113 billion on Thursday. The list "reflects the changes from 5 p.m. EST on the previous trading day," Forbes said on its website.

On Thursday, RIL shares reached a maximum of 52 weeks of ₹ 1,581.25 in the BSE, increasing 0.64 percent. While RIL gained almost 40 percent over the past year, the Nifty50 index advanced more than 13 percent.


Mukesh Ambani ninth richest person in the world


Trust is followed by TCS as the second most valued company. HDFC Bank, Hindustan Uniliver and HDFC were the others.

Among the big announcements of RIL tickets was its goal of being free of net debts by the end of fiscal year 20.

The company also announced the sale of 20 percent stake in the refining and petrochemical business to Saudi Aramco.

RIL recently announced plans to establish a wholly owned subsidiary called 'Jio Platforms Limited' (JPL) for all its digital platform initiatives. It will infuse ₹ 1.08 billion more capital in JPL, which will invest that amount in Jio. The current capital investment of RIL is ₹ 650 billion in Jio.

Mukesh Ambani ninth richest person in the world


In addition to RIL's main business, brokerage firms said RIL's presence in fashion, lifestyle and consumer electronics is much higher than any other player in the national market.