INSUBCONTINENT EXCLUSIVE:
NEW DELHI: At a time when 10 out of top 20 billionaires lost anywhere between $1 billion and $5 billion (Rs 7,000 crore- Rs 35,000 crore) in
added billions to their wealth
Ambani, whose entire wealth addition of 2018 got erased in the post-August selloff, has seen steady recovery in fortunes in the market
rebound in last one month.
The RIL scrip is up 12 per cent since October 26 against an 8.56 per cent rise in the BSE Sensex
The figure stood at sub-$40 billion level early October, still off an August high of $50.7 billion
RIL, which also owns telecom giant Reliance Jio, is expected to see a 100 per cent jump in earnings over the next five years
and execute complex, time-critical and capital-intensive projects which will prove advantageous as it embarks on large investments in all
Damani, whose Avenue Supermarts is now among 30 top companies by market capitalisation on BSE, seen his wealth surge 21.5 per cent since
Analysts said the D-Mart owner is doing small things repetitively better and better
But they are not so bullish on the stock, given its rich valuations
$6.17 billion in October from $9.5 billion in August only to see a recovery later
At present, he is worth $8.23 billion, up $1.27 billion year-to-date
three other billionaires from among the top 20, who managed to add to their wealth during this period.
