MUMBAI – Ambani family wealth urged by 25,000 Crore INR amid Anant Ambani’s wedding Celebrations, the Indian media reported on Monday.
The marriage celebrations of Anant Ambani, son of India’s business magnate Mukesh Ambani, led to a remarkable increase of 25,000 crore Indian rupees in the Ambani family’s fortune.
The festivities, spanning seven months, concluded recently with Anant Ambani formally entering wedlock.
The wedding ceremonies, Scheduled from July 12TH to 14th, drew eminent guests including Indian Prime Minister Narendra Modi, former British Prime Minister Tony Blair, Samsung Chairman Lee Jae-yong and personalities from Bollywood and Hollywood.
Indian media reports estimated the expenses for Anant Ambani’s wedding at 5,000 crore INR.
Despite this substantial outlay, Mukesh Ambani’s wealth has not only remained intact but has seen a significant record increase.
Mukesh Ambani’s net worth surged by $3 billion (approximately 25,000 crore INR) following the marriage to Radhika Merchant, the newly-wed bride.
According to Bloomberg, Ambani’s assets escalated from $118 billion on July 5th to $121 billion on July 12th, elevating him to the 11th position among the world’s wealthiest individuals.
On the wedding day, July 12th, shares of Reliance Industries, Mukesh Ambani’s flagship company, rose by 1%, contributing to the growth in their asset value.
The increase followed a previous month’s rise of over 6% in their share price.
