Mukesh Ambani Spent 5000 Crores On Anant Ambani’s Wedding, Earned 25000 Crores
It has been two weeks since India’s Ambani family has been busy with the marriage celebrations of Anant Ambani. It was so lavish that it turned out to be the costliest wedding in India. Mukesh Ambani spent 5000 crores on Anant Ambani’s wedding and earned 25000 crores in its return.
Estimates have it that Mukesh Ambani spent 5000 crores on the wedding of Anant Ambani and Radhika Ambani, and DNA reported that the Ambani family, in the past 10 days, has earned 25000 crores.
According to the report by DNA, in the period under consideration, the shares of Reliance and other Ambani-owned companies witnessed a sudden increase in price. Reliance shares zoomed 14.9 percent.
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DNA said that the rise of Ambani family companies’ share prices added 25000 crores to their total wealth.
The Indian newspaper “Aaj Tak” also reported that in the last ten days, the wealth of the Ambani family had increased by 25000 crores.
According to the Bloomberg Billionaires Index, Mukesh Ambani’s wealth was 118 billion dollars as of 5 July. By 12 July, it rose to 121 billion dollars.
With this increase in wealth, Mukesh Ambani has moved from the 12th to the 11th position in the list of the world’s richest people.
The wedding celebrations also brought attention to the broader economic landscape in India, showcasing the country’s potential for wealth creation and economic growth. As the Ambani family continues to make headlines, their business decisions and personal milestones will likely remain under close scrutiny by investors and the public alike.
The extravagant wedding celebrations have been the talk of the town, drawing attention from all over the world. High-profile guests, including Bollywood celebrities, politicians, and business tycoons, attended the wedding, making it a star-studded affair.
The increase in Reliance shares can be attributed to several factors, including positive market sentiment, strong quarterly earnings, and strategic business decisions. Investors have shown confidence in the company’s future prospects, further boosting its stock price.