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Where does Mukesh Ambani invest his money – Bank, Mutual Funds or some where else?


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Many Indians typically invest their money in Fixed Deposits, Stocks, Mutual Funds, and Real Estate. However, have you ever wondered where India’s wealthiest man, Mukesh Ambani, chooses to invest his funds? Join us today as we delve into Mukesh Ambani’s investment portfolio in this article. Check Top 10 richest people in India in 2024

Mukesh Ambani, the chairman and managing director of Reliance Industries, is not only the richest person in India but also the richest person in Asia. As of April 12, 2024, his net worth is estimated to be USD 116.1 billion, which is approximately Rs 9,69,600 crore. Reliance Industries, under his leadership, has a market capitalization of Rs 19,86,000 crore. The company has a presence in various sectors, including telecom, oil and gas, and retail. Ambani also owns the Mumbai Indians IPL team and resides in a mansion named Antilia in Mumbai. Check Top 10 richest people in the world in 2024

Mukesh Ambani Investments

Mukesh Ambani has diversified his investments across various sectors, including future businesses. Here are some notable investments made by Ambani:

  1. Netmeds: Ambani recently acquired a 60% stake in Netmeds, a medicine delivery company.
  2. Addverb Technologies: Ambani acquired a majority stake in Addverb Technologies, an Indian robotics startup, for around Rs 983 crore.
  3. Viacom18: Reliance Industries is likely to buy Paramount Global’s 13% stake in TV and streaming company Viacom18 for around USD 517 million (Rs 4310 crore).
  4. Urban Ladder: Reliance Industries’ retail arm acquired a 96% stake in online furniture retailer Urban Ladder for over Rs 182 crore in 2020.

If we talk about Reliance company in specific, then the company has invested nearly USD 30 billion between FY13-18 to increase scale, integration and cost competitiveness of the O2C (oil to chemical) business, and close to USD 60 billion between FY13-24E in 4G/5G capabilities to create a high-growth telecom business. RIL has invested over USD 125 bn in capex in the last 10 years, mostly in hydrocarbon and telecom, which are more capex intensive and have a longer gestation period

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