The speed with which RIL shares are rising and looking at its further potential, it is a matter of months before Ambani, who is currently world’s 5th richest person with a fortune of $81 billion, overtakes Mark Zuckerberg of Facebook and Bernard Arnault of Louis Vuitton.

Mukesh Ambani said Reliance Jio's 5G solution will be ready for trials as soon as 5G spectrum is available .

Reliance India chairman Mukesh Ambani said Google will invest over Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms.

Reliance Industries had a net-debt of Rs 1.61 lakh crore as on March 31, 2020.

Mukesh Ambani owns the Indian Premier League (IPL) franchise, Mumbai Indians, which he bought for over $100 million in 2008 through a RIL subsidiary

Silver Lake - one of the world's largest tech investors - has agreed to invest Rs 5,655.75 crore to Jio Platforms

The company has also deferred annual cash bonus and performance-linked incentives that are normally paid in the first quarter.

Reliance in a statement said the investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value (USD 65.95 billion, assuming a conversion rate of Rs 70 to a US dollar).

Other Indian businessmen who have seen a major drop in wealth include Gautam Adani whose wealth eroded by 37%, HCL Technologies’ Shiv Nadar (26%) and banker Uday Kotak 28%).

Ambani's current net worth amounts to $41.8 billion, while that of Alibaba co-founder Jack Ma stands at $44.5 billion.