Mumbai42 minutes ago
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According to the report, the assets of Ambani family are worth Rs 8.45 lakh crore.
Bloomberg released the list of the world’s 25 richest families. His wealth has increased by Rs 34.5 lakh crore this year. The Walton family, which runs consumer retail company Walmart, tops the list. It was at second place last year. The total net worth of this family was Rs 36.7 lakh crore. This is Rs 14.6 lakh crore more than last year.
The royal families of UAE and Qatar are at second and third place in the list. The Ambani family of the country is at 8th position with a net worth of Rs 8.45 lakh crore. The Mistry family of the country stood at 23rd position with a net worth of Rs 3.5 lakh crore. The family owns the Shapoorji Pallonji Group.
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Third generation active in 7 of the world’s top 10 richest families
(Wealth in lakhs of crores, source-Bloomberg)
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Business of prominent families
- Walton family: In 1950, Sam Walton started five and dime stores in America. There are now 10,600 stores worldwide. Walmart has a 46% stake.
- Hermès Family of France: The fourth richest family in the world. It is a French luxury fashion company. In 1837, Thierry Hermes started the business of making horse bridles.
- Mars Family: Frank Mars, who was suffering from polio, started a candy business in 1902. It is known for the Milky Way, Snickers bar. Now the focus of the world’s 7th richest family is on pet products.
- Ambani family: Dhirubhai Ambani formed Reliance Commercial Corporation Company in 1955. He started the business of exporting spices to western countries. Today Riyalny is into telecom, petroleum, retail and other businesses.
Ambani family’s wealth is 10% of India’s GDP. Barclays-Hurun India’s Most Valuable Family Business 2024 list was released in September. According to this, the valuation of Ambani family is ₹ 25.75 trillion, which is about 10% of India’s GDP.
According to the Barclays-Hurun India report, the family business empire under the leadership of Reliance Industries operates in the energy, retail and telecom sectors. This ranking of Barclays-Hurun India is based on the valuation of the company till March 20, 2024.
Private investment and liquid assets are not included in this valuation. The value of Ambani’s wealth includes stake in Reliance, Jio Platforms, Reliance Retail and other group companies. Read the full news...
Dhirubhai Ambani had laid the foundation of Reliance The foundation of Reliance was laid by Dhirubhai Ambani. He was born on 28 December 1933 in Junagadh district of Saurashtra. When he entered the world of business, he had neither ancestral property nor bank balance.
Dhirubhai was married to Kokilaben in 1955. He has two sons Mukesh-Anil and two daughters Deepti and Neena. After Dhirubhai’s death on July 6, 2002, his wife Kokilaben played a major role in the distribution of his property.
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Kesh Ambani has three children. Akash-Isha and Anant. In 2022, Mukesh made his elder son Akash the chairman of Reliance Jio Infocomm Limited. Isha Ambani is handling Reliance Retail and Anant Ambani is looking after the New Energy business. Read the full news…
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