Mukesh Ambani Becomes Asia's Richest Man After Major Jump In Shares, Surpasses This Indian Industrialist

Reliance Industries Chief Mukesh Ambani has regained the tag of richest Indian and richest Asian with a net worth of $99.7% billion leaving behind fellow industrialist Gautam Adani, according to the ranking by Bloomberg Billionaires Index. Recently, Reliance Industries market valuation topped Rs 19 lakh crore as the companies shares witnessed a sharp surge of more than 17% in just 3-weeks. Mukesh Ambani added $9.69 billion in the current year.

Today shares of Reliance Industries Ltd have gained 2.03% so far at 2,779.50 apiece at 4:10 pm on NSE. The shares have touched the day's low of 2742 and day's high of 2,817. The shares have touched the 52-week high of 2856 and 52-week low of 2016. The brokers have also upgraded recommendation on target price.

Mukesh Ambani is placed at the eighth spot while Adani has slipped to ninth spot from fourth a couple of weeks back, on the coveted list of Bloomberg Billionaires Index.
Reliance has diverse businesses that may include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.