Mukesh Ambani becomes world's biggest wealth gainer globally on Forbes list

According to a Business Standard report, Reliance Industries chief Mukesh Ambani has emerged as the world's biggest billionaire wealth gainer. According to Forbes' real-time billionaire list, in the update on November 2, his wealth increased by 7.85 percent, or 6.3 billion dollars, in a single day. With this increase, he has become the highest-earning person globally.

This increase was far ahead compared to the 1.7 billion dollar wealth of Spanish retail billionaire Amancio Ortega, who was second on the list, and 1.5 billion dollars of China's Zhong Shanshan. Due to this earnings, Mukesh Ambani reached the 23rd spot on the world's billionaires list. According to the Forbes list, with this he surpassed Gautam Adani to become the richest Indian. Gautam Adani was at the 26th rank with a wealth of 79.12 billion dollars, while Mukesh Ambani's total wealth stood at 88.8 billion dollars.

This sharp surge in Mukesh Ambani's wealth has come alongside the rally in Reliance Industries shares. On Monday, Reliance's shares saw a jump of 11.6 percent, which was its strongest trading session in over six years. This share closed at the day's high level and became the biggest gainer on the benchmark Nifty 50 index.

This surge came after Reliance's September quarter results, in which the consolidated net profit increased by 40.6 percent compared to last year to reach ₹ 25,548 crore, which was much better than analysts' expectations. Improved profitability in the telecom business Jio along with strong refining and petrochemicals margins helped in this earnings growth. These results have strengthened investor confidence in Reliance's two major business engines, namely oil-to-chemicals and digital services, even though there remained pressure on the profitability of the retail business.

The company's refining core earnings increased by 68 percent, while Jio Platforms' core earnings increased by 16.6 percent during this quarter. According to Forbes, Mukesh Ambani runs Reliance Industries with a revenue of 125 billion dollars, which has interests in petrochemicals, oil and gas, telecom, retail, media and financial services.

This Reliance was founded in 1966 by his late father Dhirubhai Ambani as a small textile manufacturer. After the father's demise in 2002, Mukesh and his younger brother Anil divided the family empire. Reliance's telecom and broadband service Jio Platforms was listed in October 2026, which achieved a market capitalization of 137 billion dollars and became the country's second most valuable company after its parent company.

Mukesh Ambani's three children joined Reliance's board in 2023. Son Akash leads Jio, daughter Isha handles retail and financial services, and younger son Anant is in the energy business. The report added that in 2026 Ambani announced plans to invest 110 billion dollars in AI infrastructure to be built across the country in the next seven years.