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Mukesh Ambani gets richer by Rs 40L/min!
In this age of high economic growth, it is not uncommon to hear of annual salaries of Rs 40 lakh. some top executives and CEOs even earn that kind of money every month. but, every minute?
Hold your breath. In the past three months, Reliance Industries boss Mukesh Ambani increased his wealth by roughly Rs 40 lakh every minute. Thanks to the rapid rise in stock prices of his company, his wealth is a staggering rs 2.20,463 crore or $55.8 billion. The elder Ambani is also clsose to becoming the planet’s richest individual.
The men who stacked their bets on bussinesses have come into incredible wealth. A splurge by foreign investors combined with an unexpectedly good performance in the first quarter of the year saw the sensex soar by 3,000 points. Delhi based DLF’s stock price in the past few days had made KP Singh the second richest Indian, ahead of Anil Ambani.
The 10 richest people in India have seen their collective wealth increase by $42.4 bilion or Rs 1,67,505 crore since July1. That’s twice as fast as their welath increased in the first six months this year. since January, the wealth of India’s ten richest men shot up by Rs 2,57,813 crore or $65.3 billion.
Anil Ambani is a close third, with the value of his personal stake in his group firms now at $32..4bn or Rs 1,27,965 crore. during the third quarter, his wealth has shot up by 36% or roughly $8.5bn, as his firms such as RNRL, REL, Rcomm and Reliance Captial touched new life time hights. He is also set to hit the capital markets with a public offering worth $2.5 billion for Rel subsidiary Reliance power before the end of this year.
Sunil Mittal has also seen his wealth surge by 52% to $20.9 billion on the back of robust growth in the telecom sector. Kumar birla and anil Agarwal are also now worth over $12 billion each. Azim Premji is the only one in the top ten to have seen his net worth drop during this quarter as the outlook for IT companies remains uncertain in the near term.