The only trillionaire of the country !

Mukesh Ambani, Chairman of Reliance Industries has got the rare honour of becoming India’s first trillionaire – his wealth estimated to be Rupees 1,11,000 crores ($27 Billion). This was possible due to the sharp surge in the Reliance Share prices in recent days. Not only that, the younger brother Anil Ambani is the close 2nd who may soon become the second to get this honour. His wealth is estimated to be around Rupees 90,000 crores.

So the combined holding of Ambani brothers is nearly $50 billion, which is nearly 5% of India’s GDP…WOW !!!

The combined market capitalisation of the four Mukesh Ambani Group companies — RIL, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd (RIIL) has crossed the Rs 2,50,000 crore mark. The total promoter holding in these companies is worth over half at about Rs 1,30,000 crore.

The total investors’ wealth in the four Anil Ambani Group firms — Reliance Communications (RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd (RNRL) has reached 1,42,384 crore, while total promoter holding is estimated at about Rs 87,000 crore.

While Anil Ambani holds control of most of these shareholdings, his stakes in some other listed companies such as Adlabs Films takes his total wealth in capital market to around Rs 90,000 crore.