• About
  • Contact
Tuesday, June 28, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Ambani Family Is Wealthiest Family In Asia With Combined Wealth $76 Bn

Pritish raj by Pritish raj
December 2, 2020
in News
Reading Time: 2 mins read
A A
0
637012313822860567

With a combined wealth of $76 billion, the Ambani family is now the richest in Asia, according to a Bloomberg Billionaire Index that lists the 20 wealthiest families in Asia. Alone, Ambanis controls approximately 17 percent of the total wealth of $463 billion that Asia’s top 20 richest families own.

The Ambani family is now more than twice as affluent as Hong Kong’s Kwok family, which is the region’s second-wealthiest family and three times wealthier than South Korea’s Lee family (owner of Samsung), whose total wealth is pegged by the Bloomberg Index at $26.6 billion.

During the COVID pandemic, the wealth of Ambanis saw a huge leap. Mukesh Ambani, India’s wealthiest and chairman of the oil-to-telecom-retail conglomerate Reliance Industries, was in a fund-raising spree while the entire world was busy battling the pandemic.

Earlier, from investors such as Facebook, Intel, and Google, Reliance raised an incredible Rs 1.52 lakh crore for Jio Platforms, the group’s telecom and digital services business.

The oil-telecom-to-retail conglomerate plans to divest minority interests in its digital and retail businesses and to conduct, within five years, initial public offerings for both of them.

JioMart, an e-commerce company, was launched by Reliance Retail in May this year to connect mom-and-pop stores, named Kirana, with customers.

Worth noting here is that in the retail space, it was the biggest fundraising exercise and was completed within two months. In the shortest span of time, such a huge fundraising and Ambani’s efforts to diversify from his conventional oil & gas company, whose returns are dwindling, fueled a buying spree of shares in Reliance Industries. Before experiencing a correction last month, RIL shares soared more than 50 percent this year.

This year the stock rally of RIL pushed the wealth of Mukesh Ambani by over $16 billion, establishing such a large gap in wealth for the top 20 richest families in Asia. Despite the decline of Anil Ambani (ADAG chairman), who is no longer a billionaire, Ambanis retained the top spot.

The above ranking excludes first-generation wealth as well as those in the hands of a single heir, such as that of Jack Ma of Alibaba Group Holding. There is no entry from mainland China on the list because of this.

Previous Post

Dell is India’s Most Trusted Brand for second time, Mi Mobiles rises to 2nd

Next Post

King Of Spices & CEO Of MDH- Mahashay Dharampal Gulati Dies Aged 97

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Next Post
128848426 701596600730854 3892089645651585700 o

King Of Spices & CEO Of MDH- Mahashay Dharampal Gulati Dies Aged 97

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital
  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker

Latest News

20220627 152251 0000

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.