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Mukesh Ambani enters $100-bn club; analysts see further rise in RIL's m-cap

Ambani not only gained from a rally in RIL share price, but also from a steady rise in his family stake in the company

Mukesh Ambani. Photo: Bloomberg
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Mukesh Ambani | Photo: Bloomberg

Krishna Kant Mumbai
India's richest promoter and billionaire Mukesh Ambani continues to see steady rise in net worth, thanks to a rally in the share price of Reliance Industries (RIL). Ambani entered the $100-billion club as the value of his family stake in RIL surpassed the $100-billion mark.

The Ambani family's 49.14-per cent stake in RIL was worth around $107 billion on Friday, while the company's market capitalisation (m-cap) reached $218 billion, according to numbers from the Capitaline database. This includes the company’s partly paid shares.

The numbers suggest that Ambani first entered the $100-billion club on Monday and added nearly $8 billion

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First Published: Sep 06 2021 | 6:07 AM IST

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