Reliance’s rally also made it the biggest contributor to the Nifty50’s 1.2% rise over the same period. With a net worth of $100.2 billion, Ambani occupies 16th rank on the Bloomberg Billionaires Index, just behind Dell Technologies founder Michael Dell.
As of Tuesday’s close, Reliance Industries commands a market capitalisation of $222.4 billion—accounting for nearly 90% of the group’s total valuation of $247 billion. Jio Financial Services contributes another 8%. A significant portion of Ambani’s wealth stems from the Reliance Industries where the promoter group holds slightly over 50% stake.
Ambani’s fortune had previously peaked at $121 billion in July 2024 but dropped to a low of $81.5 billion by March this year, weighed down by prolonged underperformance in Reliance shares. However, his net worth has since rebounded by over $20 billion, driven by renewed investor confidence and stronger business fundamentals. The company’s core retail segment grew 15.6% in the March quarter, while Jio’s improving free cash flow and growing home broadband penetration further bolstered sentiment around the stock.
So far in 2025, Mukesh Ambani has added $11 billion to his net worth—ranking him among the top global billionaires in terms of year-to-date wealth gains. Warren Buffett leads with a $24.9 billion surge, followed by L’Oréal heiress Françoise Bettencourt Meyers and ByteDance founder Zhang Yiming, who added $17 billion and $14 billion, respectively.
Among Indian billionaires, Avenue Supermarts founder Radhakishan Damani and Bharti Airtel’s Sunil Mittal followed Ambani in wealth gains, each adding $3.5 billion so far this year. They were closely followed by Lakshmi Mittal, whose net worth rose by $3.1 billion
In contrast, Gautam Adani—India’s second-richest person—has seen his net worth decline by $2.2 billion year-to-date, underscoring the divergent trajectories of India’s top industrialists. Adani’s net worth currently stands at $77 billion, show Bloomberg data.
First Published: Apr 30, 2025 3:02 PM IST
