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Mukesh Ambani Overtakes ByteDance's Zhang Yiming to Become Asia’s Richest Man as RIL Rally Lifts Wealth to $88.8 Billion
- Mukesh Ambani overtook ByteDance founder Zhang Yiming to become Asia’s richest person, with wealth reported at $88.8 billion.
- Reliance Industries shares rose nearly 12% after the company reported record quarterly revenue, EBITDA, and net profit.
- Forbes ranked Zhang Yiming second in Asia at $84 billion and Gautam Adani third at $80.1 billion.
- Reliance’s quarterly revenue reached Rs 3.62 lakh crore, while net profit rose to a record Rs 29,550 crore.
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Richest person in Asia: Mukesh Ambani vs Zhang Yiming net worth — Reliance boss overtakes China's ByteDance TikTok head
The bullish momentum in Reliance stock also rides on the coattails of a blockbuster market debut by its digital and telecommunications arm, Jio Platforms.
·New Delhi, India
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Mukesh Ambani Asia's Richest: Mukesh Ambani has made a big jump in the list of world's top billionaires and due to the rally in Reliance shares on Monday, he has again become the richest person in Asia, leaving behind the Chinese billionaire.
Ambani's wealth surged after Reliance Industries shares rose nearly 12% on Monday, adding more than $19 billion to the company's market value.
Coverage Details
Total News Sources15
Leaning Left0Leaning Right3Center1Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
C 25%
R 75%
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