Mukesh Ambani, Asia’s richest man, added US$18 billion to his fortune on the back of a 40 per cent gain in shares of Reliance Industries. Photo: AFP Mukesh Ambani, Asia’s richest man, added US$18 billion to his fortune on the back of a 40 per cent gain in shares of Reliance Industries. Photo: AFP
Mukesh Ambani, Asia’s richest man, added US$18 billion to his fortune on the back of a 40 per cent gain in shares of Reliance Industries. Photo: AFP
Business /  Companies

Mukesh Ambani, Asia’s richest man, increases his wealth by US$18 billion while Alibaba’s Jack Ma adds US$11 billion to fortune 

  • Rise in Reliance Industries’ stock is almost triple that of India’s benchmark S&P BSE Sensex index
  • Investors are piling money on Reliance, betting newer businesses such as telecommunications and retail could soon unlock value

Topic |   Millionaires and billionaires
Bloomberg
Bloomberg

Updated: 1:17pm, 24 Dec, 2019

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Mukesh Ambani, Asia’s richest man, added US$18 billion to his fortune on the back of a 40 per cent gain in shares of Reliance Industries. Photo: AFP Mukesh Ambani, Asia’s richest man, added US$18 billion to his fortune on the back of a 40 per cent gain in shares of Reliance Industries. Photo: AFP
Mukesh Ambani, Asia’s richest man, added US$18 billion to his fortune on the back of a 40 per cent gain in shares of Reliance Industries. Photo: AFP
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