Ambani tops Forbes' global billionaire gainers list with $7B wealth jump as Reliance shares soar
The gains pushed Ambani to No.23 spot on the world billionaire list, making him the richest Indian ahead of Gautam Adani, who was ranked at No.26.
Mukesh Ambani, the chairman of Reliance Industries, has claimed the title of the world's biggest billionaire wealth gainer, according to Forbes' Real-Time Billionaires list. In a single day, Ambani's wealth surged by a whopping $7 billion, thanks to a notable 7.85% increase in Reliance Industries' shares. This marked the largest single-day wealth gain globally, surpassing the next closest gainers.
Ambani's wealth now stands at $88.8 billion, elevating him to the 23rd spot on the global billionaire list, surpassing fellow Indian Gautam Adani. The sharp rise in Ambani's fortune was driven by a stronger-than-expected quarterly earnings performance from Reliance Industries. Reliance's refining and petrochemical margins improved significantly, alongside robust profitability at its telecom business, Jio.
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