How Mukesh Ambani become world’s 4th richest man
How Mukesh Ambani become the world’s 4th richest man – net worth $80.6 billion, overtook Bernard Arnault Warren Buffett, Elon Musk, etc.
Indian Business Magnate Mukesh Ambani become world's 4th richest man.
The Indian Businessman Mukesh Ambani (Chairman of RIL) is now the world 4th richest man, overtake Europe’s richest person Bernard Arnault (chairman and CEO of Louis Vuitton).
India the second most populous country with the population of 1.366 Billion, is divided by so many religion, so many cultures and by so many languages but when it comes to money, luxury and richest man only one name comes into the mind of 1 billion people and that is “Mukesh Ambani” Indian Billionaire Business Magnate Chairman and Managing Director of Reliance Industries.
Now the question is what makes him unique from rest of his peers?
When the whole world is struggling with economic crises, People are dying of covid-19 pandemic, companies are going bankrupt because of lack of business and lockdowns., When no one could thought of running a business at that time Reliance has managed to receive over 1,52,055.45 crore RS Which is roughly 1.5 trillion rupees from the Jio investments, according to a tally of company filings.
Reliance has sold 32.84 percent stake in Jio Platforms Ltd. in the subsidiary which is the India’s youngest but largest telecom firm, Jio to 13 investors
The list of investors are as follows:
- 1) Google – Rs 33,737 crore (7.7% stake)
- 2) Facebook – Rs 43,573.62 crore.(9.99% stake)
- 3) Silver Lake Partners – Rs 5,655.75 crore.(1.15% stake)
- 4) Vista Equity Partners – Rs 6,598.38 crore(1.34% stake )
- 5) KKR – Rs 11,367 crore.(2.32% stake )
- 6) Mubadala – Rs 9,093.60 crore(1.85% stake )
- 7) Silver Lake – Rs 4,546.80 crore(2.80% stake )
- 8) ADIA – Rs 5683.50 crore(1.16% stake)
- 9) TPG – Rs. 4,546.80 crore(0.93% stake )
- 10) L Catterton – Rs 1894.50 crore(0.39% stake )
- 11) The Public Investment Fund (PIF) – ₹ 11,367 crore(2.32% stake )
- 12) Intel Capital – Rs 1,894.50 crore(0.39 % stake )
- 13) Qualcomm – Rs 730 crore(0.15 % stake )
Due to the selling of over 32 % of stake the shares of Reliance ltd soared from 850Rs (As of march 25th) to now all time high of over 1900rs.(As of 14thJuly ) In less than 4 months the shares of reliance has doubled the investors capital. Those deals not only help reliance to become the most valued company of India with the highest market capitalization India has ever witnessed but also made Mukesh Ambani world’s 4th richest man. Because of stake selling Reliance has already achieved its target of becoming Debt free company. Just 5 Months ago the company had over 1 lakh crore Rs of debt and now within 5 months it has zero debt. The ability to win confidence of investors and sound business knowledge makes Mukesh Ambani what he is today.
The Indian Business Magnate Mukesh Ambani (63) CMD of RIL, real time net worth (in August) is $80.6 billion, he overtook Bernard Arnault, Warren Buffett, Steve Ballmer, Larry page, Elon Musk, etc. and become the 4th wealthiest man in the world. According to Bloomberg Billionaires Index Ambani accumulate $22 billion this year.
What lies ahead for Reliance and Mukesh Ambani ?
Zero debt, Highest Market capitalization, having businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. The future looks Promising for Reliance. Unlike TATA’S, As of now Reliance is only a private company who only manages its business in India alone but in near future one could expect this cash rich company to become a full Multinational corporation having businesses all over the globe.
