Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Mukesh Ambani becomes first person with 2 trn net worth
BackBack

Mukesh Ambani becomes first person with ₹2 trn net worth

Mukesh Ambani becomes first person with ₹2 trn net worth

Premium

Mumbai: Reliance Industries chairman Mukesh Ambani today (25 September) became the first person in the country with a net worth of more than two trillion as a booming stock market pushed the value of his shareholding in various group firms.

Ambani’s cumulative wealth based on his promoter holding in group companies, led by India’s most valued firm RIL, rose to 2,04,945 crore at the close of today’s trading, consolidating his position as the richest Indian businessman.

His younger brother Anil Ambani stood at second position with a net worth of 1,17,710 crore, taking a marginal lead over realty giant DLF’s K P Singh who has a net worth of 1,15,225 crore.

The two Ambani brothers and Singh are the only three rupee trillionaires in the country based on the wealth from promoter shareholdings in various group companies.

Telecom major Bharti Airtel’s Sunil Mittal is seen moving toward joining this super-elite club with a net worth of about 91,500 crore. Wipro’s Azim Premji, once the richest Indian, is at fifth place with a net worth of about 50,600 crore.

The collective wealth of the five richest Indians has surged to about 5,60,000 crore, over 11% of the total investor wealth of about 51,11,546 crore invested in Indian stock market.

The collective market capitalisation of all four Mukesh Ambani group companies -- RIL, Reliance Petroleum, IPCL and Reliance Industrial Infrastructure Ltd (RIIL) -- has grown to 4,22,170 crore, while the same for various Anil Ambani group firms is about 2,00,500 crore.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 25 Sep 2007, 07:06 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie