Mukesh Ambani, the richest Indian and owner of Reliance Industries Limited, has seen his net worth rise by over ₹45,000 Crores ($7 Billion) since the start of this calendar year. For an Indian businessman, this marks the biggest hike in terms of net worth within this period.
Mukesh Ambani’s fortunes were highly influenced by the strong response to RIL. RIL became the most valued stock on BSE this April. Also, the response people have been giving to Reliance Jio has played a big part in continued surge in share prices of RIL. Reliance Jio had registered over 10.9 crore subscribers till the end of FY17.
On Wednesday, Forbes issued a list of the ‘global game changer’ businessmen who are not satisfied with their progress and still looking to transform lives of people with their business. Mukesh Ambani is the only Indian to feature in the list.
As per data available with Bloomberg, net worth of Mukesh Ambani rocketed to $29.9 billion, up $7.1 billion from $22.8 billion on December 31 last year.
Commenting on Jio, Forbes wrote that Indian businessmen created a wave of consolidation in Indian telecom market by providing internet at dirt cheap price. The move made him amass over 100 million subscribers in a period less than 6 months. Forbes has listed Mukesh Ambani at the top in Global game changer list.