Reliance Industries Limited (IIL) Chairman Mukesh Ambani has become the richest person in Asia. He left behind Alibaba group founder Jack Ma. According to the Bloomberg billionaire index, on Friday, the total assets of Reliance Industries is estimated at $ 44.3 billion. At the same time, Jack Ma’s total assets are estimated to be $ 44 billion. According to Bloomberg’s report, Reliance Industries rose 1.7 percent on Friday. This year Ambani’s total assets have increased by $ 4 billion. Jack Ma’s Alibaba Group lost $ 1.4 billion this year.
According to the report, Reliance Chairman has received the benefit of doubling its petrochemicals capacity. Let us tell you that Mukesh Ambani had told Reliance Industries’s AGM in Mumbai this year that the year would double Reliance by 2025. At the same time, Reliance also announced the launch of Jio Giga Fiber in the AGM.
Ambani had told that the company is going to start Jio Giga Fiber in the first 1100 cities. Through this, customers will be able to access data from 1 GBps speed. At the same time, its registration will begin on August 15. In the AGM, Mukesh Ambani had announced to increase his e-commerce business on the lines of Amazon and Walmart with 21.5 million telecom customers.
Reliance becomes a $ 100 billion company
Reliance has joined the club after becoming the company’s largest IT company, Tata Consultancy Services’s $ 100 billion (about Rs 6.85 lakh crore) company. After the stock market rally on Thursday, Reliance has managed to become a $ 100 billion company. Its market capitalization went up to Rs 6.89 lakh crore. Earlier, Reliance crossed the $ 100 billion market cap figure for the first time in October 2007.