New daughter-in-law brightens fortune: Mukesh Ambani earns 25000 crores in 10 days
India’s richest man Mukesh Ambani has seen a significant increase in net worth after the lavish wedding of his son Anant Ambani to Radhika Merchant on July 12, 2024. The grand event has attracted global attention and marked significant financial gains for Ambani.
Despite the lavish spending on the wedding, Mukesh Ambani’s wealth did not decrease. In fact, it increased significantly. In just ten days following the wedding, Ambani’s net worth reportedly rose by an astounding ₹25,000 crore, or roughly $3 billion, according to Aaj Tak.
The Bloomberg Billionaires Index reported that Ambani’s net worth was $118 billion on July 5. By July 12, the figure rose to $121 billion. This remarkable rise has boosted Mukesh Ambani’s position in the global wealth rankings, moving him from 12th to 11th among the world’s richest individuals. He remains the richest person in Asia.
The rise in Ambani’s net worth can be attributed to the strong performance of Reliance Industries shares. On the wedding day, Reliance shares saw a rise of 1%. In the past month, the shares have risen by 6.65%, and in the past six months, they have returned 14.90%. However, the shares saw a marginal decline of 1.11% on Tuesday after the wedding, trading at ₹3,159.
Mukesh Ambani’s financial acumen and the strong performance of Reliance Industries have ensured that despite substantial personal expenditure, his wealth continues to grow. The grand celebration of Anant and Radhika’s wedding is not only a significant personal achievement for the Ambani family, but it also led to a significant increase in Mukesh Ambani’s wealth, cementing his position as one of the world’s leading billionaires.
