Reliance Industries chairman Mukesh Ambani became the first person in the country on Tuesday with a net worth of more than Rs 2 trillion as a booming stock market pushed the value of his shareholding in various group firms.
Ambani's cumulative wealth based on his promoter holding in group companies, led by India's most valued firm RIL, rose to Rs 2,04,945 crore (Rs 2,049.45 billion) at the close of Tuesday's trading, consolidating his position as the richest Indian businessman.
His younger brother Anil stood at second position with a net worth of Rs 1,17,710 crore (Rs 1,177.10 billion), taking a marginal lead over realty giant DLF's K P Singh who has a net worth of Rs 1,15,225 crore (Rs 1,152.25 billion).
The two Ambani brothers and Singh are the only three rupee trillionaires in the country based on the wealth from promoter shareholdings in