Wealth of Reliance Industries to increase by $100 billion; Mukesh Ambani can leave behind Warren Buffett

The wealth of Mukesh Ambani, the owner of Reliance Industries and the richest person in the country, can soon reach $ 100 billion. On Friday (August 3, 2021), he made a profit of $ 3.7 billion in a single day due to the rise in the shares of Reliance.

Mukesh Ambani has reached close to Warren Buffett

Due to this strong jump in RIL shares on Friday, Mukesh Ambani’s net worth reached $ 92.60 billion. Which is about $ 10 billion less than the $ 102 billion of veteran investor Warren Buffett. According to the Bloomberg Billionaires Index, behind Mukesh Ambani is Francois Betancourt Meyers of L’Oreal. His net worth is $92.9 billion. The net worth of Mukesh Ambani is $ 92.60 billion.

Rapid gains in Reliance shares

Actually, for the last few days, there has been a new rise in the shares of Reliance Industries. Its shares rose more than 4.5 percent on Friday. He had announced to double the production of cheap green hydrogen. Along with this, he announced the launch of the Jio Phone this Ganesh Chaturthi. Due to this, the company’s shares have seen an increase and they earned about $ 3.7 billion on Friday.

After the new high in the shares of Reliance, the market capitalization increased to Rs 2,368.80. Earlier on September 16, the market capitalization had reached this level. In the last five days, the shares of Reliance have registered a rise of 5.42 percent. Whereas in the last one month, this stock has seen a rally of 14 percent. So far in 2021, this stock has climbed 19.71 percent. In the last five years, the shares of Reliance Industries have given tremendous returns of 360 percent to the investors.