Mukesh Ambani, the bigwig behind Reliance Industries, is sitting atop India’s rich list with a cool $96.4 billion in his pocket. And you know what’s even more interesting? He’s not just the kingpin here – he’s also clinching the 11th spot on the global billionaire leaderboard. Talk about making a splash! Bloomberg’s Billionaires Index from August 11th confirms this financial prowess of his. But let’s not stop there. Ambani’s also got his foot in the door of the world’s elite – yup, 11th place globally, folks. Oh, and did I mention it? This 66-year-old mogul pulled off a comeback that’s got everyone talking. Back in January, he swooped in and grabbed India’s billionaire throne again. You might ask why? Well, turns out Gautam Adani, the head honcho of Adani Group, took a hit after some pesky report from Hindenburg Research, those US-based naysayers.
Now, let’s shift gears and talk about the Indian stock market – it’s like the wind beneath these billionaires’ wings. Riding on this market magic, our Sensex, that benchmark thing, has shot up by a solid 7.3% since this year kicked off.
But hold on, the plot thickens. The only two among the top 15 billionaires seeing their fortunes dip this year are none other than Gautam Adani and Radhakishan Damani.
Now, let’s talk about Reliance shares – they’ve gone up a whole 10% since the year started, which basically means Ambani’s cash vault just got a bit shinier.
Here’s a tidbit for you: Jio Financial Services, a fancy unit that split from RIL, is looking at joining the stock market party by the end of this month. Watch out for that!
Let’s rewind a bit. Remember last September? Adani had his moment of glory, becoming the second-richest dude globally, waving goodbye to even Jeff Bezos, the Amazon whiz, with a wallet boasting $147 billion. Fast forward to now, and things aren’t as rosy – Adani’s stash is down by a jaw-dropping $57 billion. Yep, his 10 big-shot companies lost a whopping $104 billion in market cap since January 25th. Ouch!
Time to peek into the retail territory. Radhakishan Damani, once the second-biggest deal in town back in 2020, is now settling for the number ten spot.
This year, his wealth took a dive, losing about $2.4 billion. Blame it on the falling share prices of Avenue Supermarts. Tough luck, right?
Let’s zoom out and look at the global stage. Elon Musk, the brains behind Tesla, is still rockin’ the title of the world’s richest person. His fortune grew by an insane $87 billion this year alone, putting him at a jaw-dropping $224 billion. Talk about hitting the jackpot!
The second place? Taken by Bernard Arnault, the French big shot who’s got a sweet $191 billion under his name. He’s the luxury guru owning LVMH, just so you know.
Now, let’s not forget the legends – Jeff Bezos from Amazon and Bill Gates, the Microsoft maestro. They’re holding strong in the third and fourth spots, flashing their wallets filled with $163 billion and $130 billion, respectively.”_
