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BUSINESS
While people are still reeling from the after-effects of the Ambani wedding, many are left wondering about the total wealth that the Ambani family owns and the person who holds the maximum stake in Reliance Industries.
Mukesh Ambani and Nita Ambani's youngest son Anant Ambani and Radhika Merchant tied the knot on Friday, in the presence of family and friends, at Jio World Drive in Mumbai. Mukesh Ambani, one of the richest men in Asia, made sure that there was no stone unturned to make the day memorable for his son. The extravagant affair attracted the attention of the whole world.
Let us tell you that Mukesh Ambani is the current chair and managing director of Reliance Industries, an Indian conglomerate with interests in refining, oil & gas, petrochemicals, telecoms, retail, and media.
While people are still reeling from the after-effects of the Ambani wedding, many are left wondering about the total wealth that the Ambani family owns and the person who holds the maximum stake in Reliance Industries.
Do you know which Ambani family member owns the maximum stake in Reliance? Its not Mukesh Ambani, Nita Ambani, Isha Ambani, Akash Ambani, or Anant Ambani.
Reliance Industries, founded by Dhirubhai Ambani, currently operates under the leadership of his son Mukesh Ambani. As per Forbes, Mukesh Ambani's net worth is a massive $123.7 billion (over Rs 10 lakh crore).
Within Reliance, the promoter group, the Ambani family, holds 50.39% of the total shares. The remaining 49.61% of shares are held by public shareholders, including FII, and corporate bodies.
The maximum stake in Reliance is owned by none other than the Ambani family matriarch - Mukesh Ambani's mother, Dhirubhai Ambani's wife Kokilaben Ambani.
Kokilaben Ambani holds 1,57,41,322 shares which is a 0.24% stake in the company.
Mukesh Ambani's three children Akash Ambani, Isha Ambani, and Anant Ambani hold 80,52,021 shares each which is close to 0.12% stake in the company.
Some media reports suggest that Kokilaben Ambani's net worth is around Rs 18000 crore.