How did Mukesh Ambani become the richest person in Asia? | Will Ambani now run EV and Toy businesses in India?

Mukesh Ambani beat Adani in the race for the richest person:

Mukesh Ambani has again become the richest person in India. These days there is a tough competition going on between Adani and Ambani to become rich men. Sometimes Adani is ahead and sometimes Ambani. Now once again Mukesh Ambani has become the richest person in Asia. According to Bloomberg Sensex, Mukesh Ambani has assets of $ 99.7 billion, while Gautam Adani has assets of $ 97.7 billion.

On June 3, Mukesh Ambani's wealth increased by $ 3.6 billion. At the same time, an increase of $ 2.96 billion was seen in the wealth of Gautam Adani. The rise in Ambani's wealth was due to the rise in Reliance's stock. There was a good rally in Reliance's stock this week. On Wednesday, Reliance's shares closed at ₹ 2,778 with a jump of 2%.

The stock of Reliance has seen a rise of 6% this week. Reliance's stock has gained 16% since January this year. The new EVs in Reliance's stock has brought many new deals to the company. Recently, Reliance's subsidiary company Plastic Legno SPA is owned by the Sunino group, which has made a big deal with the company plastic. 

Reliance has bought a 40% stake in the Indian business of Plastics Legno SPA. Apart from this, Jio-BP has entered into two strategic partnerships to develop an EV charging station with MG Motor and Castrol. This means that apart from Reliance and business, it is also trying to strengthen its hold in other states. Jio has already made its dominance in the telecom sector and retail sector. 

The slackness in business is also spreading rapidly. Because of all these reasons, Mukesh Ambani has now become the number one noble in Asia. As well as the world's 8 biggest personalities, Tesla's founder Elon Musk remains on the list of the world's 25. According to the Bloomberg Billionaires Index, Elon Musk has a net worth of $227 billion. While at number two, Jeff Bezos, his wealth is $ 149 billion. 

At number three is the French business Bernard Arnault, whose wealth is $ 138 billion. Bill Gates with a net worth of $124 billion ranked fourth with a net worth of $114 billion Warren Buffet at number five, Larry Page at number Six with a net worth of $106 billion, Sergey Brin ranked seventh with a net worth of $102 billion. 

Mukesh Ambani is at the eighth position among countries with a net worth of $ 99 .7 billion and Adani is at the ninth position with a net worth of $98.7 billion. Overall, Mukesh Ambani has again removed the chair of Asia's richest person from Adani, but still, there is not much money among the people's wealth. Now it has to be seen how long Mukesh Ambani will remain in the chair of the world's richest person.

Ambani will now run electric vehicles in the country:

Now the day is not far when instead of petrol and diesel vehicles, electric vehicles will be seen running on the roads. Electric vehicles are believed to be the future of Auto. Countries around the world are emphasizing increasing electric vehicles. The Government of India also has a plan to run 30% electric vehicles in the country by 2030. Right now there is a lack of charging infrastructure for electric vehicles in India.

For this reason, many customers are shying away from making electric vehicles, but now private companies along with the government are working to repair the charging infrastructure. Reliance's subsidiary Jio-BP has tied up with MG Motors and Castrol to strengthen the charging infrastructure. Jio-BP and MG Motor Castrol will jointly develop four-wheeler EV charging operations.

Castrol's existing auto service network will be used for EV customers. Jio is a joint venture between BP, Reliance Industries, and British Petroleum. Jio-BP said that it is creating an ecosystem that will benefit all stakeholders of the EV value chain. The objective of this strategic partnership is to establish a robust fast charging and service infrastructure in the country.

Also, EV-friendly roads are to be constructed for intercity and intracity travel. Customers will also be able to locate nearby charging stations using Jio-BP Pulse Mobile to easily charge their EV's vehicle. You can download Jio-BP Pulse Mobile from Google Play Store. Last year Jio-BP also launched two big EV charging in India.

These are operated under the Jio-BP brands. According to the Ministry of Power, India currently has 1,742 electric vehicle charging stations, out of which 940 stations are present only in nine cities of the country, while the number of electric vehicles in the country is close to 11 lakh. Considering the number of electric vehicles, the number of charging stations at present is very less. 

However, in the coming days, the government plans to build 22,000 new electric charging stations. These days the Indian Oil Corporation will set up 10,000 charging stations. At the same time, Bharat Petroleum will set up 7000 and Hindustan Petroleum 5000 new EV charging stations. 

All this is being done to bring an EV revolution in India because the government wants the era of petrol and diesel cars to end as soon as possible and only electric vehicles to run on the roads. Reaching new heights through His company Reliance Fresh is rapidly expanding its portfolio.

Ambani will dominate the toy business:

From the freelance limited to the textile business of Ambani, the businessman who occupied the country's mobile business, its scope has now spread from Britain to Green Energy. Now Mukesh Ambani's eyes are on the children's world i.e. toys. A few years back, Reliance bought international toy company Hamleys. Expanding the portfolio, the Reliance industry is now foraying into the luxury toys business as well.

Reliance Brands Limited, a Reliance Group company, has entered into a deal with the Italian toy company Plastics Legno SPA. Reliance Brands Ltd has said it has bought a 40% stake in the Indian business of plastic Legno SPA, a company with 25 years of toy-making experience. From this deal, a joint venture will be formed between Reliance brands Limited and Plastic Legno SPA.

However, Reliance Brands Ltd did not say how much the Indian business stake has been bought by Plastics Legno SPA. A Reliance Brands Limited spokesperson said of the deal that Plastic Legno has a business about world-class toys. While reliance has a strong position in the global toy retail industry. The deal will open new doors and limited opportunities for toys made in India.

 On the other hand, co-owner Paolo sunino of sunino group limited said that their Joint venture with Reliance will prove to be successful. Let us tell you that the portfolio of Reliance Brand Limited already includes British toy company Hamleys and domestic brand Rowan. Hamleys also has a presence in more than 15 countries and is the largest chain of toy stores in India. 

Plastic Legno SPA is owned by Sunino Group. Sunino Group has been manufacturing toys in Europe for more than five years. Sunino group made its business debut in India in 2009. The company has rapidly forayed into India to create a strong production hub to cater to the needs of the Indian market as well as supply the global market.

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