Mumbai: Mukesh Ambani, India’s richest person and the chairman and managing director of oil-to-retail-to-telecom conglomerate Reliance Industries, who earlier this year rose to the fourth spot on the Bloomberg Billionaire Index, is no longer among the top 10 richest billionaires in the world.
Ambani’s current net worth is $76.5 billion (Rs 5.63 lakh crore), down from nearly $90 billion (Rs 6.62 lakh crore) earlier this year. This year Mukesh Ambani’s RIL shares witnessed extreme volatility.
During March this year, RIL shares hit a 52-week low of Rs 878 apiece, and zoomed to a record high of Rs 2,368.80 in September, rising 170 per cent. Now from an all-time high, RIL shares are off 16 per cent in over three months.
Reliance Industries Ltd share price ended at Rs 1,943.80 apiece on Thursday. However, on a year-to-date (YTD) basis, RIL shares have surged 28.12 per cent. At present, the RIL top boss is the 11th richest person in the world bellow Larry Ellison of Oracle Corporation and Sergey Brin, co-founder of Google, who stood at 10th and 9th position respectively with $79.2 billion net worth.
Over the last two months RIL shares have witnessed profit booking after US ecommerce giant Amazon challenged its deal with Future group.
Amazon says its 2019 deal in which it invested nearly $200 million in Future Coupons, a Future group company, had clauses saying the Kishore Biyani-led group could not sell its retail assets to anyone on a “restricted persons” list, which included Reliance.
Here is Richest billionaires list
11. Mukesh Ambani with $76.5 billion
10.Sergey Brin with $79.2 billion
9.Larry Ellison with $79.2 billion
8. Steve Ballmer with $80.5 billion.
7. Larry Page with $81.8 billion
6. Warren Buffet with $85.8 billion
5. Mark Zukerberg with $101 billion
4. Bernard Arnault with $110 billion
3. Bill Gates with $131 billion
2. Elon Musk with $160 billion
1. Jeff Bezos with$186 billion.
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