Mukesh Ambani becomes trillionaire
New Delhi, May 27 (PTI): A sharp surge in share prices of his group companies has earned Reliance Industries Chairman Mukesh Ambani a rare distinction of being the only trillionaire in the country with over Rs 1,00,000 crore of wealth through his shareholdings.
Younger brother Anil is also trailing behind closely with close to Rs 90,000 crore of wealth in the stock market through his holdings in various group companies.
The combined market capitalisation of the four Mukesh Ambani Group companies -- RIL, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd (RIIL) has crossed the Rs 2,50,000 crore mark. The total promoter holding in these companies is worth over half at about Rs 1,30,000 crore.
The total investors' wealth in the four Anil Ambani Group firms -- Reliance Communications (RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd (RNRL) has reached 1,42,384 crore, while total promoter holding is estimated at about Rs 87,000 crore.
While Anil Ambani holds control of most of these shareholdings, his stakes in some other listed companies such as Adlabs Films takes his total wealth in capital market to around Rs 90,000 crore.
Mukesh Ambani, based on his direct and indirect holdings in various group companies, is estimated to have control of about Rs 1,11,000 crore worth shares.
The wealth of the two Ambanis include value of shares held in their names, as well as those held in the names of their children, wives and various holding companies.
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