
WEB DESK
Reliance Industries chairman and MD Mukesh Ambani has become the 5th richest person in the world as per Forbes. The billionaire’s net worth cross $88.4 billion mark 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.