Not only India but Asia's richest man Mukesh Ambani's wealth has increased by 17 billion dollars till 23 December this year. Mukesh Ambani's total wealth has increased to $ 61 billion with this year's growth, according to a new list by news agency Bloomberg. According to the Bloomberg Billionaires Index, Jack Ma's wealth increased by $ 11.3 billion this year. According to this index, Jeff Bezos' wealth decreased by $ 13.2 billion during the same period. This report said that the increase in Reliance Industrial Ltd's stock by 40% this year led to an increase in Ambani's total assets.
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Help was given to resolve to make the group debt free
Mukesh Ambani had vowed to bring the group's net debt to zero by early 2021. This helped the company's stock to climb significantly. Since the launch of Reliance Jio in the year 2016, the value of Reliance shares has increased up to 3 times. Reliance Jio is the only telecom company in the country operating in profit.
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Company from petroleum to telecom communication business
Mukesh Ambani-led company is doing business in several sectors including energy, petrochemicals, textiles, natural resources, retail and telecommunication. Apart from this, the market capitalization of the group stood at Rs 10,13,892.21 crore on last Friday.
Alibaba Group does business in E-Commerce, Retail
The assets of Jack Ma, co-founder and former executive chairman of AliBaba Group, also increased by $ 11.3 billion. Alibaba is the main business group of China. The company mainly deals in e-commerce, retail, internet, and technology sectors.
