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Indian billionaire Mukesh Ambani added $ 3.7 billion to his net worth on Friday as shares of his flagship company rose after the entrepreneur doubled his clean energy targets.
The wealth of Asia’s richest person now stands at $ 92.6 billion, according to the Bloomberg Billionaires Index. As the Indian billionaire approaches L’Oréal’s Françoise Bettencourt Myers, who has a fortune of $ 92.9 billion, the two also close the gap between them and enter the club of the rich topping $ 100 billion.
Ambani’s jump was sparked by an increase in shares of Reliance Industries Ltd., after it said the company would “aggressively” continue to produce cheaper green hydrogen.
Ambani’s empire telecommunications unit is known to be causing a stir in its business and has become the dominant player in the Indian market as it expands its digital operations with the backing of investors, including Facebook, after to have participated in an agreement that would be of value. to $ 25 billion.
This year, Ambani also unveiled an ambitious $ 10 billion clean energy investment plan, marking a new hub for India’s largest company.
The goal is in line with Prime Minister Narendra Modi’s ambitions to fight climate change and reduce imports from the world’s third-largest oil consumer.
Reliance shares rose 4.1% to a record high in Mumbai on Friday.
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