Mukesh Ambani becomes 14th richest man across world, hits net worth of $45.1 billion; all details here
Ambani’s net worth stands at $45.1 billion as on July 21, 2018. Addition of $4.79 billion has been made in his net worth so far this year. Last addition was of $940 million.
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Mukesh Ambani emerges richest Indian for 11th consecutive year: ForbesEach coming day Mukesh Ambani is making new headline when it comes to talking about his net worth. A new fortune has been set by the chairman of Reliance Industries who is the second largest company in terms of market capitalisation. While Ambani continues to outrun Jack Ma who is a founder of China’s largest e-commerce company Alibaba, he is also nearing to beat Koch brothers. The success and money that Ambani holds at the moment can be attributed to RIL who has been a game changer almost in every sector. This company has turned out to be a very special one for India and can be said to be too big to fail.
According to Bloomberg Billionaire Index, Ambani’s net worth stands at $45.1 billion as on July 21, 2018. Addition of $4.79 billion has been made in his net worth so far this year. Last addition was of $940 million.
Ambani’s wealth was driven by RIL whose market valuation touched over $100 billion becoming the second largest company in India as per market cap after TCS. On Friday, RIL share price touched a new high of Rs 1,138.25 per piece, before ending at Rs 1,128.55 per piece above Rs 24.65 or 2.23% on BSE with a market cap of Rs 7,15,106.70 crore.
The rise in RIL share price was driven on the back of Monsoon Hungama offers which has been launched today for customers.
Meanwhile, Jack Ma lost $1.84 billion so far in the year having a net worth of $43.6 billion. Few weeks ago, Jack Ma had $44 billion net worth just basis points away from Ambani.
Interestingly, looking at the data of Bloomberg index, looks like Ambani is running to beat net worth of two brothers namely Charles Koch and David Koch who have fortune of $46.7 billion each.
Charles Koch has been chairman and CEO of Koch Industries, while David serves as Executive Vice President. Both hold 42% of the conglomerate each.
Ambani’s earning has been consistently growing since 2012. In last fiver years, Ambani’s net worth has grown by $27 billion or 149.17% to $45.1 billion compared to worth of just $18.1 billion in August 2013.
According to Wikipedia, if both brother were not separated and Mukesh remained a President, then his total wealth would be $ 85 billion, and he would be the richest man on earth, also from a large difference. That would have been even higher than investment king Warren Buffett and Facebook founder Mark Zuckerberg's current net worth of $82.6 billion and $81.2 billion respectively.
On stock market, 1 out of every 4 investors in India is a Reliance shareholder, as per the company's website. Reliance has over 3 lakh shareholders which makes it one of the largest stock organizers. From 2006 to till date, Reliance has given a massive 541% return on exchanges under Ambani's leadership.
The founder of RIL has capped his salary till Rs 15 crore since 2009. Ambani voluntarily decided to limit his compensation surrounding debates over right-sizing of CEO salaries.
However, Rs 15 crore is just merely a fraction in Ambani’s pocket considering the amount of other benefits RIL is offering him.
In addition to the salary, perquisites and allowances of Ambani shall be entitled to receive remuneration based on net profits which will be determined by the Board and / or HRNR Committee of the Board for each financial year.
