As shares surge, Mukesh Ambani’s net worth close to $100 billion

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Ziraat Times
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Mumbai, Sept 4: Reliance Industries (RIL) chairman Mukesh Ambani’s net worth grew $3.7 billion as RIL share price skyrocketed more than 4 per cent on Friday trade session. After this robust rise in Reliance Industries share price on Friday, Mukesh Ambani’s net worth now stands at $92.60 billion — around $10 billion lesser from Warren Buffett’s net worth of $102.6 billion, says Bloomberg Billionaires Index. With $92.60 billion, RIL chairman Mukesh Ambani is closely following L’Oreal’s Francoise Bettencourt Meyers whose net worth stands at $92.9 billion in the Bloomberg Billionaires Index.

RIL shares surged 4.15% on Friday after the RIL chairman announced to double the production of cheaper green hydrogen. Ambani’s Reliance Jio has also become one of the major players in the Indian telecom market. After the Bharti Airtel’s announcement of ARPU (Average Revenue Per User) at ₹200, Indian markets have made an assessment of Reliance Jio ARPU at ₹160 to ₹170, which also led to rise in market valuations of Reliance Jio.

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