What is the total wealth of Mukesh Ambani after the Facebook investment in Jio?


What is the total wealth of Mukesh Ambani after the Facebook investment in Jio?

RIL or the Reliance Industries Ltd…has been one the biggest and most successful indian conglomerate…since from its inception under the guidance of Dhirubhai Ambani company had a great vision of becoming the top company of India…but it was.. Mukesh Ambani under whose guidance and supervision this vision had been converted into reality.


Now coming to your question…as recently a major deal with Facebook (a whopping $5.7 billions) had really set the ideal growth environment for RIL..and because of this .. Mukesh Ambani has been also rewarded quite wealthy…as After the Reliance Jio-Facebook deal was announced recently, Mukesh Ambani's wealth surged to make him Asia's richest man surpassing Jack Ma. Ambani's fortune rose by $4.69 billion to $49.2 billion after the deal…and it's still on the rise.

Comments

Post a Comment

Popular posts from this blog

3 Ways to Invest in Commodities in India stock market concept

Image
Invest in Commodities in India Recently, the price of crude oil went negative due to very low oil demand because of coronavirus. This very low price of crude oil aroused interest in many traders and investors to invest in crude oil. Not only just crude almost every commodity be it natural gas, copper, aluminium, etc are also trading at very low prices. In this post we will discuss 3 ways to invest in commodities in India. #1. Buy directly from MCX All you need is a commodity trading account, which almost every broker offers. Once you have activated the commodity trading account you can directly buy crude oil and also other commodities as well through your broker. The drawback here is that commodities are traded in derivative form, which means you can trade in them through futures and options contract, which have an expiry date. So this is more of a trading product and not an investment product as you can’t hold it for long without rollover. Just recently, since US
Read more

Do you also believe that long-term investors make more money than day traders? Why and how?

Image
Do you also believe that long-term investors make more money than day traders? Why and how? There are a number of highly successful long-term investors. The likes of Warren Buffett and Charlie Munger instantly spring to mind. They have generally returned around 20% per annum over their investment careers. While this level of return is unlikely to make any investor rich in the short run, when compounded over a long period it can lead to significant returns. For example, over a 30-year time period it could propel an initial sum of money around 237 times higher. As such, even modest sums could become seven-figure portfolios. Of course, most investors may be unable to deliver returns which are as high as 20% per annum over a 30-year time period. However, even returns which are in line with those of the wider index could end up turning a small portfolio into a large one in the long run. For example, returns of 8% per annum over the course of three decades would equate to an end
Read more