Welcome to The Indian Awaaz   Click to listen highlighted text! Welcome to The Indian Awaaz


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.

Click to listen highlighted text!