Mukesh Ambani is among the top 10 rich in the world, money rained heavily on Jio platform

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Mukesh is the ninth richest person in the world according to the Bloomberg Billionaires Index. In this race, he took oracle corp. K is defeated by Larry Ellison and François Betancourt Meyers of France.

Mukesh Ambani, chairman of Reliance Industries, is not only the richest person in Asia but now he has also joined the club of the world’s ten richest people. Mukesh Ambani’s total wealth has now increased to $ 64.5 billion and he is the only rich person in Asia who has become one of the richest people in the world.

Mukesh is the ninth richest person in the world according to the Bloomberg Billionaires Index. In this race, he took oracle corp. K is defeated by Larry Ellison and François Betancourt Meyers of France.

Mukesh Ambani has a 42 percent stake in Reliance Industries. Recently, his group has now become debt-free with one 10 investment in the group’s Jio platforms. He had set a target of March 2021 to make Reliance Industries debt-free. But issuing a statement, he said that this target has been completed much ahead of time. Now the shares of Reliance have reached double the price of their lows in March.

The country’s industries have suffered heavy losses during the lockdown, but Mukesh Ambani’s company Jio has received huge support from outside investors. Facebook, General Atlantic, Silver Lake Partners, KKR & Co, and Saudi Arabia’s Sovereign Fund Jio platform Have bought a stake. A report by Sanford C. Bernstein said that by 2025, 48 percent of India’s mobile subscribers can be from Jio.

Through the Jio platform, Mukesh Ambani wants to play a big stake in the business of e-commerce. Reliance may soon finalize the deals being done to buy some units of the Future Group. The Future Group currently has an alliance with Amazon.