Mukesh Ambani now second richest Asian
According to the Bloomberg Billionaires Index, the Reliance Industries Chairman's wealth has seen a rise of $12.1 billion (around Rs. 77,000 crore) .
According to reports, the shares of Ambani's refining-to-telecom company surged to a record while a new $23 phone (Rs. 1,500) launched last month will expand the market for his fourth-generation mobile network.
Ambani in the Reliance Industries Annual General Meet last month announced the launch of the JioPhone.
The phone is effectively free, but buyers will have to pay a refundable security deposit of Rs 1,500 which will be returned to the consumers after a period of 36 months.
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