Pros­per­ous Times

Business Today - - PEOPLE BUSINESS -

Wealth begets wealth, goes the adage. Since the launch of his tele­com ven­ture Re­liance Jio last year, Mukesh Am­bani has been on a roll. Early this year, Jio crossed the 100-mil­lion sub­scriber mark in a record 170 days. The rev­enue po­ten­tial of Jio, cou­pled with a steady growth in other busi­nesses, has re­stored in­vestor con­fi­dence in Re­liance In­dus­tries ( RIL). On the back of the jump in RIL stock price, Am­bani’s wealth has shot up a whop­ping 58 per cent to `2.57 lakh crore this year, as per Hu­run In­dia Rich List. Not only has Am­bani re­tained the top spot in In­dia, but has also made it to the top 15 in Hu­run’s global rich list for the first time.

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