Mukesh Ambani surpasses Larry Page to become world's 6th richest person

Guwahati: With a net worth USD $72.4 billion, Reliance Industries Ltd Chairman Mukesh Ambani has now become the world's sixth richest person, surpassing Alphabet co-founder Larry Page. Ambani's real-time net worth rose by $2.17 billion to $72.4 billion on Monday, July 13.

It is to be noted that earlier this month, the RIL chairman Ambani made his place in the top 10 billionaires list by dislodging Warren Buffett, known as the Oracle of Omaha from the eighth position.

According to the latest Bloomberg Billionaires Index, the real-time net worth of Mukesh Ambani jumped to $72.4 billion (Rs 5.44 lakh crore), a rise of $2.17 billion in a day.

It is to be mentioned that the RIL stock has outperformed the Sensex by soaring 29% so far this year, compared with an 11% drop in the benchmark index.

It has been reported that following the surge in its share price, the oil-to-telecom conglomerate's market valuation climbs from  Rs 38,163.22 crore to Rs 12,29,020.35 crore on the BSE. Analysts say the RIL shares have been on a rise since the company announced its plan to reduce its net debt to zero by March 2021 and stake sales in its digital arm Jio Platforms.

Ambani's net worth of Rs 5.44 lakh crore is higher than the combined net worth of India's next five billionaires—Azim Premji ($16.9 billion), Shiv Nadar ($15.8 billion), Gautam Adani ($12.6 billion), Radhakishan Damani ($11.8 billion) and Cyrus Poonawala ($11.8 billion).

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