(Image source from: Forbesindia.com)
Mukesh Ambani adds 17 billion USD to his Wealth in 2019:- Reliance Industries Limited (RIL) Chairman Mukesh Ambani's wealth saw a rise of 18 billion USD as of December 23rd which is the most in Asia. His net worth reached 60.8 billion USD as per the Bloomberg Billionaires Index. Mukesh Ambani's wealth got increased by 40% in the shares of Reliance. The rally in the conglomerate's stock is more than twice the S&P BSE Sensex index during the period. Along with oil and gas, Mukesh Ambani also expanded the market in the field of telecom and retail.
Mukesh Ambani minted gold in all the fields he invested in. Mukesh Ambani has been unstoppable in the continent and is followed by Alibaba founder Jack Ma who net worth rose by 11.3 billion USD. Amazon CEO Jeff Bezos is said to have lost 13.2 billion USD. The investors started betting big on Ambani's newer RIL's businesses such as retail and telecommunication. Ambani earlier announced that he has plans to cut the net debt to zero by early 2021. Ambani owns almost 42% in RIL and is the owner of the world's largest oil refining complex.