Mukesh Ambani, the MD of Reliance Industries Limited (RIL), has become the richest Indian again. Today, he took a lead from his rival Gautam Adani securing a net worth of $104.7 billion.
This lead takes him to the sixth position among the ten wealthiest people on the earth. You would be amazed to know the current net worth of Mukesh Ambani which is approximately $104.7 billion.
The calculation and study of Forbes show that Ambani added some $100 billion dollars to his accounts in only the four initial months of 2022.
As of now, many finance experts from the country and abroad have stated that the boost in the net worth occurred due to a little shift in the stock price. Moreover, the experts have a view that Adani’s business is restricted in a few fields. So, even the change in stock prices for enterprises, power, transmission, and ports could not boost Adani’s net worth.
On the other hand, the business of RIL is quite vast. It contains industrial products, oil and gas, retail business, Jio, and many more. Moreover, there are more eager investors who desire to invest in Reliance stocks. So, the net worth automatically goes up with a little increase in the stock price.
Deven Choksey, the MD of KR Choksey Investment Manager clearly stated in the interview that the group-level EBITDA of the Adani Group is something around Rs. 38 to 40 Cr. in the last few months. Again, the same of the Reliance Group is a whopping amount of Rs. 115 to 120 Cr.
So, it is a clear picture and you can find out why Mukesh Ambani is able to secure the title of the richest Indian again. The analysts also agree on a point that he can sustain this rank for a long time.