Brief by Shorts91 Newsdesk / 06:42am on 12 Jan 2024,Friday Business
Reliance Industries Limited Chairman, Mukesh Ambani, rejoins the exclusive $100 billion club following a robust rally in RIL shares. Climbing to the 12th spot on the Bloomberg Billionaires Index, Ambani's wealth surged over $2.76 billion in a single day, surpassing Gautam Adani as Asia's wealthiest person. Reliance shares witnessed a sharp uptrend, contributing to a $5.47 billion increase in Ambani's net worth since the start of the year. The recent demerger of Jio Financial Services and positive momentum in Ambani's portfolio entities, including Network18 Media Investment Ltd and TV18 Broadcast Ltd, further bolstered his financial standing.
