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Mukesh Ambani becomes 5th richest person

Mukesh Ambani becomes 5th richest person

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RIL chairman Mukesh Ambani (File photo)
MUMBAI: Reliance Industries chairman Mukesh Ambani on Wednesday became the fifth-richest person in the world, according to the Forbes real-time billionaires list.
Ambani’s net worth increased by over $1 billion to $75 billion on Wednesday as RIL’s stock touched a new high of Rs 2,010.
Ambani overtook Oracle co-founder Larry Ellison to the fifth spot and is just behind Facebook CEO Mark Zuckerberg, whose wealth is pegged at $88 billion.
Meanwhile, Reliance Industries on Wednesday crossed the Rs 13 lakh crore market valuation mark.
The company's partly paid-up shares listed separately have a market capitalisation of Rs 46,702.88 crore. The aggregate market capitalisation of Reliance Industries now stands at Rs 13.17 lakh crore or $176.4 billion.
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