Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Twitter
Vivo
Chitra Ramkrishna
Stock Market
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Now, Mukesh Ambani is 9th richest, ahead of Google founders
Business

Now, Mukesh Ambani is 9th richest, ahead of Google founders

Now, Mukesh Ambani is 9th richest, ahead of Google founders
Written by Shubham Sharma
Nov 28, 2019, 03:43 pm 2 min read
Now, Mukesh Ambani is 9th richest, ahead of Google founders

Mukesh Ambani, the chairman and managing director of Reliance Industries, has become the 9th richest person in the world. The business magnate overtook Google founders, Larry Page and Sergey Brin, after RIL's market capitalization crossed the Rs. 10 lakh crore ($140 billion) mark - the first Indian company to achieve the milestone. Here's all about it.

Worth
Ambani's wealth surpassed $70 billion mark

On Thursday, Reliance Industries' shares jumped to a record high of Rs. 1,581 per piece, taking conglomerate's market capitalization to more than Rs. 10 lakh crore or $140 billion (at the current exchange rate). The development took the wealth of Ambani, who is the largest shareholder in RIL, beyond Rs. 5 lakh crore or $70 billion.

Net worth
Net worth increased by $707 million

According to Forbes, Ambani's net worth, calculated by deducting a proportionate share of debt from the total wealth, witnessed an increase of about $707 million. It took his total net worth well beyond $60 billion, helping him overtake Page and Brin and take the spot of 9th richest person in the world. At the time of writing, Ambani's net worth stood at $60.6 billion.

Other members
Page follows closely, Bezos still on top

While Ambani has taken the top spot, it is worth noting that he is being closely followed by both Page and Brin with a net worth of $59.6 billion and $57.5 billion, respectively. Meanwhile, the toppers of the list still include familiar names: Amazon's founder Jeff Bezos, Microsoft's Bill Gates, and French business magnate Bernard Arnault with a net worth over $100 billion.

Growth
Strong performance of oil and telecom ventures

The increase in RIL's market capitalization, and therefore Ambani's worth, can be directly attributed to the strong performance of the company's oil and telecom businesses. Reliance Jio, in particular, has not only raked customers at a faster rate than its competitors Vodafone Idea and Bharti Airtel but its average revenue per customer has also increased up to Rs. 120/customers, which is higher than Vodafone's.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Shubham Sharma
Shubham Sharma
Twitter
Editor with over five years of experience in covering all things science, consumer tech, space tech, AI, infosec, and business. A commerce graduate from University of Lucknow. I have been handling Tech beat at NewsBytes since 2018.
Latest
Bharti Airtel
Mukesh Ambani
Larry Page
Bill Gates
Reliance Jio
Latest
Huawei unveils new MateBook laptops with 12th-generation Intel chipsets
Huawei unveils new MateBook laptops with 12th-generation Intel chipsets Technology
IPL 2022: Gujarat Titans overcome Rajasthan Royals to reach final
IPL 2022: Gujarat Titans overcome Rajasthan Royals to reach final Sports
Presidential polls: BJP, Opposition parties begin preparations in full swing
Presidential polls: BJP, Opposition parties begin preparations in full swing Politics
Centre calls meeting with restaurant body over 'forced' service charge
Centre calls meeting with restaurant body over 'forced' service charge Business
Top 5 fashion movies we got from Hollywood
Top 5 fashion movies we got from Hollywood Entertainment
Bharti Airtel
Airtel's internet services restored after major outage across India
Airtel's internet services restored after major outage across India Technology
Sensex scales fresh peak, ends 152 points higher
Sensex scales fresh peak, ends 152 points higher Business
AGR dues: SC rejects telcos' plea seeking corrections in dues
AGR dues: SC rejects telcos' plea seeking corrections in dues Business
Reliance set to relaunch JioPhone next year
Reliance set to relaunch JioPhone next year Business
Beating Jio, Airtel gained 3.77mn new subscribers in September: Details
Beating Jio, Airtel gained 3.77mn new subscribers in September: Details Business
More News
Mukesh Ambani
Gautam Adani joins $100 billion club, surpasses Mukesh Ambani
Gautam Adani joins $100 billion club, surpasses Mukesh Ambani Business
Why did Anil Ambani resign? What is his net worth?
Why did Anil Ambani resign? What is his net worth? Business
At $49 billion, Adani's wealth jumped the most in 2021
At $49 billion, Adani's wealth jumped the most in 2021 Business
Gautam Adani overtakes Mukesh Ambani as Asia's richest person
Gautam Adani overtakes Mukesh Ambani as Asia's richest person Business
Mukesh Ambani brings home a new Rolls-Royce Cullinan SUV
Mukesh Ambani brings home a new Rolls-Royce Cullinan SUV Auto
More News
Larry Page
Japan's 'flying car' successfully completes first public flight
Japan's 'flying car' successfully completes first public flight Technology
How Silicon Valley's star engineer earned himself 18-months prison time?
How Silicon Valley's star engineer earned himself 18-months prison time? Business
Mukesh Ambani becomes 6th richest person in the world
Mukesh Ambani becomes 6th richest person in the world Business
Eric Schmidt, Google's former CEO, has reportedly resigned: Details here
Eric Schmidt, Google's former CEO, has reportedly resigned: Details here Business
Sundar Pichai is getting a huge pay raise in 2020
Sundar Pichai is getting a huge pay raise in 2020 Business
More News
Bill Gates
Gautam Adani becomes world's 5th richest person, surpasses Warren Buffett
Gautam Adani becomes world's 5th richest person, surpasses Warren Buffett Business
Epstein among 'many things' why divorce happened: Melinda French Gates
Epstein among 'many things' why divorce happened: Melinda French Gates World
Bill Gates was advised against flirting with employee in 2008
Bill Gates was advised against flirting with employee in 2008 World
Know all about Bill and Melinda Gates's son-in-law Nayel Nassar
Know all about Bill and Melinda Gates's son-in-law Nayel Nassar World
After divorce, Bill, Melinda Gates walk daughter down the aisle
After divorce, Bill, Melinda Gates walk daughter down the aisle Business
More News
Reliance Jio
Everything about Reliance JioFiber's postpaid plans with zero entry cost
Everything about Reliance JioFiber's postpaid plans with zero entry cost Business
JioPhone 5G to debut in June under Rs. 12,000
JioPhone 5G to debut in June under Rs. 12,000 Technology
Jio TV and tablet tipped. Is Reliance building an ecosystem?
Jio TV and tablet tipped. Is Reliance building an ecosystem? Technology
Reliance JioBook's specifications tipped. Can it disrupt the laptop segment?
Reliance JioBook's specifications tipped. Can it disrupt the laptop segment? Technology
JioPhone Next launched at Rs. 6,499: How to buy it
JioPhone Next launched at Rs. 6,499: How to buy it Technology
More News
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022