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Reliance Industries' share rally adds $8.5 billion to Mukesh Ambani's net worth

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Shares of Reliance Industries Ltd have climbed sharply, lifting the market value of the stake held by chairman Mukesh Ambani. The rally has added roughly $8.5 billion to his personal wealth. The gain reflects investor enthusiasm around the conglomerate's businesses, which span oil-to-chemicals, retail and telecom. Ambani's holding is largely tied to his promoter stake in the company, so its value moves directly with the share price. The article notes that the increase underscores how closely his fortune is linked to the performance of Reliance on the stock market.

Read the full story at Economic Times

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Reliance Industries' share rally adds $8.5 billion to Mukesh Ambani's net worth · ShortSingh