Home Business Mukesh Ambani Crossed Jack Ma To Reach Asia's Richest Person

Mukesh Ambani Crossed Jack Ma To Reach Asia’s Richest Person

Social media giant Facebook has bought a 9.99 percent stake in Mukesh Ambani-led Reliance Jio. For this, Facebook has invested 5.7 billion dollars, which is Rs 43,574 crore INR, in Reliance Jio. With this deal, Mukesh Ambani has become the richest person in Asia and has crossed Alibaba founder Jack Ma in China.

Mukesh Ambani’s wealth has increased by 4 billion dollars yesterday and it has increased to 49 billion dollars. With this, he has crossed Jack Ma by 3 billion dollars yesterday itself. By Tuesday, Reliance Industries Chairman Mukesh Ambani had a big decline in assets and was reduced to $ 14 billion and there was a decrease of $ 1 billion in Jack Ma’s assets.

However, After this deal, Reliance Industries shares rose on Wednesday.  Reliance Industries shares registered a sharp jump on Wednesday and it was trading up to 11 percent at Rs 1375. However, RIL shares closed up 9.83 percent at Rs 1359 at the close of business. Just yesterday, the market cap of Reliance Industries had increased by Rs 90,000 crore.

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