On the day of the wedding, Reliance shares experienced a 1% rise. Over the past month, the shares have appreciated by 6.65%, and in the past six months, they have delivered a 14.90% return.
India's wealthiest individual, Mukesh Ambani, has seen a significant increase in net worth following the lavish wedding of his son Anant Ambani to Radhika Merchant on July 12, 2024. The grand event has gathered global attention and marked a significant financial gain for Ambani.
Despite the lavish expenditure on the wedding, Mukesh Ambani's wealth did not decline. In fact, it surged significantly. According to Aaj Tak, Ambani's net worth increased by a staggering ₹25,000 crores (approximately $3 billion) in just 10 days post-wedding.
The Bloomberg Billionaire Index reported that on July 5, Ambani's net worth was $118 billion. By July 12, this figure had risen to $121 billion. This remarkable increase has boosted Mukesh Ambani's position in the global wealth rankings, moving him from the 12th to the 11th among the world's richest individuals. He remains the wealthiest person in Asia.
The increase in Ambani's net worth can be attributed to the strong performance of Reliance Industries' shares. On the day of the wedding, Reliance shares experienced a 1% rise. Over the past month, the shares have appreciated by 6.65%, and in the past six months, they have delivered a 14.90% return. However, on the Tuesday following the wedding, the shares saw a slight dip of 1.11%, trading at ₹3,159.
Mukesh Ambani's financial acumen and the strong performance of Reliance Industries have ensured that even with substantial personal expenditures, his wealth continues to grow. The grand celebration of Anant and Radhika's wedding has not only marked a significant personal milestone for the Ambani family but also coincided with a substantial boost in Mukesh Ambani's fortune, strengthening his position as one of the world's leading billionaires.
As the celebrations continue and the world watches, Mukesh Ambani's financial journey remains an extraordinary testament to his business prowess and strategic investments.
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 "New Daughter-in-Law brings luck: Mukesh Ambani earns 25000 Crores in 10 Days")
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