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Mukesh Ambani 9th richest person in the world: Forbes

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Reliance Industries Chairman Mukesh Ambani is the ninth richest person in the world, according to ‘The Real-Time Billionaires List’ of Forbes.

He was ranked 13th globally in the Forbes’ 2019 rich list, released earlier this year. His rise can be attributed to RIL surpassing the 10 lakh crore market capitalisation mark, becoming the first Indian company to do so.

ALSO READ: Reliance becomes first Indian company to hit market cap of Rs 10 lakh crore

‘The Real-Time Billionaires List’, RIL Chairman’s ‘Real Time Net Worth’ stood at $60.8 billion on Thursday according to Forbes.

The first in the list was headed by Jeff Bezos, CEO and Founder of Amazon, with ‘Real Time Net Worth’ of $113 billion on Thursday. The list “reflects changes since 5 p.m. EST of prior trading day,” Forbes said on its website.

On Thursday, RIL shares hit the 52-week high of 1,581.25 on the BSE, rising 0.64%. While RIL gained nearly 40% during the last year, the Nifty50 index advanced over 13%.

Reliance is followed by TCS as the second most valued firm.

RIL had announced earlier that it would invest over ₹100 lakh crore to create a digital services company as it seeks to cut debt at Jio.

The company will have the rights to convert its ₹108 lakh crore investment in the new digital company into equity. The new unit will invest the funds in Jio which will help make telecom arm net debt-free by the end of March 2020.

(With Agency Inputs)

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