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)