$91 billion:Ambani
The Indian stock market boom has made the Ambani brothers arguably the richest in the world if one clubs the fortunes of Mukesh and Anil, which at $91.41 billion is far ahead of even the Walton family of Wal-Mart.
Sons of legendary industrialist Dhirubhai Ambani, who began his career as a petrol station attendant in Yemen and later founded Reliance Industries, Mukesh and Anil split their father’s business empire between them in June 2005. While Mukesh controls shares worth $55.81 billion, Anil owns shares worth $35.6 billion in their respective groups, whose combined worth stands at just over $170 billion. The wealth of the two brothers, as also their group companies, are based on information available on Bombay Stock Exchange (BSE) and the closing price of the group companies on Tuesday.
The net worth of the Walton family, which controls nearly 39% in Wal-Mart, is around $72 billion based on the market capitalisation of the retailer, which is $184.21 billion. In June 2005, when the Reliance empire was split, its market valuation stood at a little over Rs 1,10,000 crore, which has since shot up to over Rs 6,00,000 crore.
In March, Forbes magazine had ranked Mukesh and Anil Ambani as the 14th and 18th richest persons in the world respectively. Their combined wealth then stood at $38.3 billion, just a little over the $32 billion wealth of steel baron Lakshmi Mittal (fifth richest).
After Tuesday’s surge in the stock market, which saw sensex crossing the 18,000-point milestone with a gain of 789 points, the wealth of the five richest resident Indians too has soared.
The total market cap of firms listed on BSE on Tuesday soared to Rs 54,85,247.44 crore, BSE data shows. The market cap stood at about Rs 51,19,729 crore on September 26, when the sensex hit the 17,000-mark.
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