Mukesh Ambani now world’s 4th richest person

• With a total net worth of $80.6 billion, up $22 billion so far this year

• Ambani has jumped 10 places on the Index since January as shares of his giant surged over 145% from a low of Rs 867.82 in March

• Billionaire Mukesh Ambani-led Reliance Industries’ market capitalization stood at ₹ 13.61 lakh crore at the end of trade on Friday

• Reliance Industries is now “in its golden decade”, Mr. Ambani had said in June

• Since April 22, Reliance Industries has sold a 32.82% stake worth more than ₹ 1.5 lakh crore in Jio Platforms

Source: IndiaTVnews, Bloomberg (as on 09-Aug-2020)

Vivek Jain

Analyst at Axis Bank