Reliance Industries, the most valuable corporation in India based on market valuation, is owned by Mukesh Ambani. According to Forbes, as of July 22, he has a net worth of Rs 976320 crore, making him the richest man in Asia. Reliance Industries, which operates in a number of industries including telecom, retail, and oil, is chaired by him.
The market value of the firm dropped to Rs 20,30,488.32 crore on Monday, a loss of Rs 73,470.59 crore. It happened after Reliance's stock fell more than 3% following the announcement of a 5% decline in net earnings for the June quarter.