Mukesh Ambani moves up to the 11th spot in world’s richest billionaires list

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By Ashish Mitra --
Saturday, 23 Jan, 2021

With the BSE Sensex and Nifty 50 trading near their record-high level and RIL posting handsomely, RIL's chairman Mukesh Ambani has moved up two places in the list of world’s richest billionaires.

Yesterday, RIL posted a 12.55 per cent on-year rise in its net profit at Rs 13,101 crore in the October-December quarter of the third fiscal. Ahead of third fiscal quarter earnings, the conglomorate’s share price dipped 2.30 per cent to end the session at Rs 2,049.65 apiece on BSE.

From Friday’s close, RIL shares are off 15.53 per cent from record high level. Mukesh Ambani’s RIL share price hit a 52-week low of Rs 878 apiece on March 23, 2020, and zoomed 170 per cent to an all-time high. Reliance Industries Ltd’s shares have rallied nearly 31 per cent in the calendar year 2020, ending at Rs 1,984.65 per share.

According to the latest data collated by Bloomberg Billionaire Index, as of January 22, 2021, Ambani has now moved up to 11th spot with a total net worth of $79.2 billion (5.78 lakh crore) surpassing Larry Ellison of Oracle Corporation and world’s richest woman Francoise Bettencourt Meyers with a net worth at $78.4 billion and $72.2 billion respectively.

In this list, former CEO of Microsoft, Steve Ballmer has also climbed up one place entering in the list of top 10 world’s richest billionaires with a net worth at $81.6 billion.

Mukesh Ambani moves up to the 11th spot in world’s richest billionaires list. With the BSE Sensex and Nifty 50 trading near their record-high level and RIL posting handsomely, RIL's chairman Mukesh Ambani has moved up two places in the list of world’s richest billionaires.

Yesterday, RIL posted a 12.55 per cent on-year rise in its net profit at Rs 13,101 crore in the October-December quarter of the third fiscal. Ahead of third fiscal quarter earnings, the conglomorate’s share price dipped 2.30 per cent to end the session at Rs 2,049.65 apiece on BSE.

From Friday’s close, RIL shares are off 15.53 per cent from record high level. Mukesh Ambani’s RIL share price hit a 52-week low of Rs 878 apiece on March 23, 2020, and zoomed 170 per cent to an all-time high. Reliance Industries Ltd’s shares have rallied nearly 31 per cent in the calendar year 2020, ending at Rs 1,984.65 per share.

According to the latest data collated by Bloomberg Billionaire Index, as of January 22, 2021, Ambani has now moved up to 11th spot with a total net worth of $79.2 billion (5.78 lakh crore) surpassing Larry Ellison of Oracle Corporation and world’s richest woman Francoise Bettencourt Meyers with a net worth at $78.4 billion and $72.2 billion respectively.

In this list, former CEO of Microsoft, Steve Ballmer has also climbed up one place entering in the list of top 10 world’s richest billionaires with a net worth at $81.6 billion.