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India’s Mukesh Ambani became Asia’s richest person after his wealth rose by about $8.5 billion during Monday’s trading, reaching $88.8 billion—an increase of 10.5%, according to Forbes’ real-time ranking. The gains followed a nearly 12% jump in shares of Reliance Industries after the company reported quarterly results that beat analysts’ expectations. Shares in Jio Platforms also rose more than 27% in their first trading session. Jio’s initial public offering raised about $3.2 billion, valuing the company at around $106 billion, while Reliance retains a roughly 66% stake.
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