Mukesh Ambani becomes richest in Asia
Mukesh Ambani becomes richest in Asia
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Mukesh Ambani, chairman of Reliance Industries, has become the richest person in Asia after India. Forbes has reached the top of the list of rich in Asia by overtaking China's Huai Yun with a wealth of 4210 million dollars (about 2.82 lakh crore rupees) in the list of Real-Time Billionaires. Ambani is ranked number 14 on Forbes Global's list. Ambani's personal wealth increased by 466 million rupees after rising 1.22 percent in Reliance Industries shares at Rs 952.30 on Wednesday.  

Left Yan Hui of China behind who has 1.28 billion dollars worth, chairman of Avrgrande Group China dropped went down to 40.6 billion dollars (about 2.63 million). This list is prepared on the basis of stock holdings and real-time assets of traders.

There is a jump in the property of Mukesh Ambani in the year 2017.  Reliance Industries shares have increased by 75% this year. 

Last month, Reliance Industries Ltd had registered a huge profit in the September quarter. This is the profit due to the large growth in the company's refining and petrochemical income. Profitability of the company has increased 13 percent to Rs 8,109 crore. 

Reliance Cap reached Rs 6 lakh crore. On  Wednesday, Reliance Industries has become India's first company with a market capitalization of Rs 6 lakh crore. If the  stock market was closed on Wednesday, its market capitalization was Rs 6,03,098 lakh crore. Earlier on October 24, Reliance's market cap crossed 6 lakh crore, but it came down even in a while. Reliance after top 5 companies TCS market cap of 4.98 lakh crore, HDFC Bank 4.70 lakh crore, ITC 3.28 lakh crore and HDFC at Rs 2.79 lakh crore. 

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