Mukesh Ambani's net worth tops $100 billion again after Reliance share price rallies 8% since Q4 results

Billionaire industrialist Mukesh Ambani's net worth topped the $100 billion mark again on Wednesday, April 30, after Reliance Industries' share price extended its winning streak for three straight days post strong quarterly results. The share price of the oil-to-telecom conglomerate has rallied eight per cent in three days after the Ambani-led empire reported strong January-March quarter results for fiscal 2024-25 (Q4FY25) on Friday, April 25.

According to the Bloomberg Billionaire Index, Ambani's net worth crossed $100 billion earlier today, driven by the quarterly earnings boost. The index last saw his net worth at $99.24 billion. Ambani is the 16th richest globally and the richest Indian, followed by Adani Group chairman Gautam Adani.

Mukesh Ambani retains richest Indian tag, Adani close second

According to the Bloomberg Billionaire index data, Mukesh Ambani's rank is followed by the ports-to-power conglomerate's chairman, Gautam Adani, with a net worth of $77.5 billion. Adani is the 20th richest person globally. HCL Enterprise chairman Shiv Nadar is at the 43rd position globally and is the third richest Indian in the index, with a net worth of $36.4 billion.

Reliance Industries' share price rallies after Q4 results 2025

On Monday, shares of Reliance Industries rose 5.3 per cent on the BSE, three per cent on Tuesday and nearly 0.5 per cent today. Shares of India's most valued company, in terms of market capitalisation, have risen nearly eight per cent in three days, picking up steam from strong March quarter results.

Reliance Industries commands a market cap of ₹19,05,831.74 crore. Shares of Reliance have rallied nine per cent in five days, 12 per cent in a month, and 15 per cent year-to-date (YTD). Analysts said Reliance's share price is poised for healthy gains in the long term due to the company's growth outlook, especially in the telecom, retail, and new energy segments.

Foreign brokerage JP Morgan maintained an "overweight" rating with a target price of ₹1,530, while Morgan Stanley reiterated an "overweight" stance. Among the domestic brokerage firms, Motilal Oswal Financial Services reiterated its buy rating with a target price of ₹1,515. Kotak Securities reiterated buy but increased the fair value to ₹1,520 from ₹1,400 earlier.

Reliance Industries Q4 Results

Reliance Industries beat Street estimates with a six per cent year-on-year growth in its consolidated profit for Q4FY25, led by robust retail business growth and better telecom segment realisations. However, its core oil-to-chemicals (O2C) business remained under pressure. The board recommended a dividend of Rs. 5.50 per equity share of Rs. 10/- each for FY25.

Reliance reported a consolidated profit of ₹22,434 crore in Q4FY25, higher than the ₹18,471.4 crore consensus estimate of analysts polled by Bloomberg. The board also approved a fundraising plan of raising up to ₹25,000 crore through the issuance of listed, secured/unsecured, redeemable non-convertible debentures in one or more tranches on a private placement basis.

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