MUKESH AMBANI NET WORTH 2024
As of October 9, 2024, Mukesh Ambani’s net worth is $119.5 billion, making him Asia’s wealthiest person. He has been ranked among the world’s top 10 wealthiest people by Forbes magazine for the past three years.
As of 2024, Mukesh Ambani’s net worth is estimated to be around $90 billion to $100 billion, though it fluctuates depending on stock market conditions, particularly the performance of Reliance Industries, the conglomerate he chairs.
Ambani’s wealth primarily comes from his stake in Reliance Industries, a company with diverse interests in sectors like petrochemicals, refining, telecommunications (through Reliance Jio), retail (through Reliance Retail), and media. His personal fortune has seen significant growth in recent years, especially with the rapid rise of Jio, which revolutionized the Indian telecommunications market by offering affordable data and mobile services.
Mukesh Ambani has consistently ranked as one of the wealthiest people in India and globally, often appearing in the Forbes Billionaires List. His wealth places him among the top 10 wealthiest individuals in the world, although the exact position can change depending on market conditions.
To put it in perspective:
- Reliance Industries’ market cap: As of 2024, the market capitalization of Reliance Industries is over $200 billion, making it one of the largest publicly traded companies in India.
- Ownership stake: Mukesh Ambani holds a substantial stake in Reliance, which is the key driver behind his wealth.
His fortune has seen significant growth in recent years, especially with the expansion of Reliance’s Jio and Reliance Retail businesses, which have both become dominant players in their respective sectors in India.