Shloka Mehta proves lucky mascot as father-in-law Mukesh Ambani adds $4.1 billion to his net worth to retain position as India’s richest man

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Mukesh Ambani has retained the top spot as India’s richest man after Forbes released its new list of the country’s biggest wealth creators this week. Mukesh Ambani added $4.1 billion to his net worth to retain position as India’s richest man. This was the first Forbes list since Shloka Mehta became the daughter-in-law of Mukesh and Nita Ambani. Mukesh Ambani adding $4.1 billion to his wealth when 2019 list of India’s business tycoons saw their total wealth drop by 8% showed just how lucky Shloka has turned out to be for the Ambanis.

Shloka Mehta

The Reliance Industries has been on an upward trajectory ever since Shloka Mehta married Akash Ambani to officially become an integral part of the Ambani family in March this year. When the Mukesh Ambani-owned RIL reported its financial performance for the quarter ending 30 June, the company had reported a phenomenal growth of 22.1 percent to Rs 172,956 crore or $ 25.1 billion to its consolidated revenue. The company’s overall profit also registered a growth of Rs 9,036 crore, which was an increase of 2.4 % compared to the same quarter last year.

Talking about Mukesh Ambani’s wealth in 2019, Forbes said, “Mukesh Ambani remains the richest Indian for the 12th year in a row. He added $4.1 billion to his net worth as Jio, a three-year-old telecom unit of his Reliance Industries, became one of India’s biggest mobile carriers with 340 million subscribers.”

A continuous growth in Ambanis’ wealth assumes significance in light of tech tycoon Azim Premji dropping to 17th overall in the list of country’s richest businessmen. He was at number 2 in the last year’s list. This year he was replaced by Gautam Adani, who jumped eight places with a total wealth of $15.7 billion.

One of the reasons why Premji dropped from 2 to 17 is also because he’s donated most of his wealth in charity in the recent past.

The Ambanis couldn’t have asked for more with the arrival of Shloka in the family. Last week, Reliance Jio also decided to charge its customers 6 paise per minute for calls made to non-Jio networks. This was in contrast to what Mukesh Ambani had promised that Jio customers will never have to pay for voice calls when he launched Jio three years ago.

Ashok Leyland owners Hinduja brothers occupied the third position in this year’s list of richest people with $15.6 billion net worth. Placed at the fourth position was Shapoorji Pallonji Group’s Pallonji Mistry, whose net worth stood at $15 billion. Kotak Mahindra Bank’s Uday Kotak occupied the fifth position with $14.8 billion net worth, while HCL Technologies’ Shiv Nadar occupied the sixth rank with a net worth of $14.4 billion.

 

 

1 COMMENT

  1. Don’t call Shloka Mehta lucky—– it’s the employees of Reliance group who have put in efforts to keep the numbers ( volume,profits, turn over etc — in tern the investors who maintained their confidence and hence share price up — subsequently Mukesh Ambani as number 1. Mukesh Ambani should give credit to all those involved in making him on top instead of his daughter in law.

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