BCCL
According to the Bloomberg Billionaires Index, Ambani is also the fifth richest person in the world.
Reliance has also been beating industry estimates in its quarterly results. In the first three months of the current financial year, RIL posted a profit of ₹13,248 crore, despite a lockdown in India.
“At the beginning of the Covid-19 pandemic, Ambani’s wealth dropped by 28% to ₹3,50,000 crore and then backed by a series of fundraising and strategic investment from Facebook, Google and so on into Jio and Reliance Retail, his valuation registered a “V-shaped recovery” and increased by 85% in 4 months,” said the report.
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