New Delhi: A sharp surge in share prices of his group companies has earned Reliance Industries’ chairman Mukesh Ambani a rare distinction of being the only trillionaire in the country with over Rs1,00,000 crore of wealth through his shareholdings.
Younger brother Anil is also trailing behind closely with close to Rs90,000 crore of wealth in the stock market through his holdings in various group companies.
The combined market capitalization of the four Mukesh Ambani Group companies — RIL, Reliance Petroleum RPL, IPCL and Reliance Industrial Infrastructure Ltd has crossed the Rs2,50,000 crore mark. The total promoter holding in these companies is worth over half at about Rs1,30,000 crore.
The total investors’ wealth in the four Anil Ambani Group firms — Reliance Communications, Reliance Capital, Reliance Energy Ltd and Reliance Natural Resources Ltd has reached Rs1,42,384 crore, while total promoter holding is estimated at about Rs87,000 crore.
While Anil Ambani holds control of most of these shareholdings, his stakes in some other listed companies such as Adlabs Films takes his total wealth in capital market to around Rs90,000 crore.
Mukesh Ambani, based on his direct and indirect holdings in various group companies, is estimated to have control of about Rs1,11,000 crore worth shares.
The wealth of the two Ambanis include value of shares held in their names, as well as those held in the names of their children, wives and various holding companies.
While RIL has witnessed a jump of about Rs1,08,000 crore in its market value in the past one year, that of Reliance Communications has gained by about Rs70,500 crore in the same period.
Reliance Capital has also gained about Rs14,000 crore in one year, while the gain for RPL is around Rs12,250 crore.
According to the data available with stock exchanges, Mukesh’ direct and indirect holding in RIL is estimated at around 46% or close to Rs1,10,000 crore, while his holdings in other group firms total to about Rs1,000 crore.
Anil’s wealth comes mostly from his over 65% stake in Reliance Communications, which has a market cap of about Rs1,03,000 crore. He also has over 50% in Reliance Capital (market cap of Rs24,000 crore), 35% in REL (market cap of Rs12,700 crore) and close to 54%in RNRL, which has a market cap of about Rs2,600 crore.
RIL, which has a market cap of Rs2,40,624 crore currrently, has 50.95 % of total promoter holding worth about Rs1,22,600 crore.