Key Points
The richest person in India and in Asia saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd, rose 2.6% to close at a record high..
Ambani, Reliances chairman, owns 42% of the company, which has businesses in the energy, telecommunications and retail sectors, among others...
Adani lost more wealth than anyone else in 2023 after a withering short-seller attack and now sits two spots behind Ambani on the index.. Ambani, 66, has helped build Reliance into Indias largest company by market value..
The listing last year of Reliances financial services unit, Jio Financial Services Ltd., helped to broaden the sources of Ambanis wealth even further...
Last year, his eldest son, Akash, an alumnus of Brown University, took over as chairman of wireless operator Reliance Jio Infocomm Ltd, while younger son Anant took on the groups renewable energy flank..
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