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How did Mukesh Ambani earn $3bn from his son Anant’s wedding?

22 July, 2024 10:16

India’s richest businessman Mukesh Ambani’s wealth increased by 25,000 crore Indian rupees during the days of his son Anant Ambani’s wedding.

Mukesh Ambani’s son Anant Ambani wedding celebrations continued for 7 months and recently Anant Ambani got married.

The wedding celebrations continued till July 14 in which Indian Prime Minister Narendra Modi, former British prime minister Tony Blair, Samsung Chairman Lee Jae Young, Bollywood and Hollywood celebrities participated.

According to Indian media reports, 5,000 crores of Indian rupees have been spent on Anant Ambani’s wedding, but despite this, Mukesh Ambani’s wealth has not decreased, but has increased.

They added that with the arrival of daughter-in-law Radhika Merchant, father-in-law Mukesh Ambani’s wealth increased by $3 billion i.e. 25.000 crore Indian rupees.

According to Bloomberg’s report, on July 5, Ambani’s assets were worth $118 billion, but on July 12, the assets became $121 billion and he moved up one rank to the 11th place in the list of the world’s richest people.

On the day of his son’s wedding on July 12, the share price of Reliance Industries increased by one per cent, due to which his assets also increased.

 

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