Mukesh Ambani takes zero salary for the second year in a row; here's why

Updated : Aug 11, 2022 14:03
|
Gazal Malik

India's second richest man Mukesh Ambani for the second year in a row drew zero salary from his flagship firm Reliance Industries. 

In June 2020, Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, voluntarily decided to forego his salary for the year 2020-21, in light of the COVID-19 outbreak in India, which exacted a huge toll on the societal, economic and industrial health of the nation.

Read More: Reliance to bring Balenciaga to India

He continued to forgo his salary in 2021-22 as well.

Despite not taking any salary in 2020-21, Ambani has seen consistent rise in his net worth. In the past one week, his wealth surged $6.2 billion to $83.2 billion, Bloomberg Billionaire Index shows. Ambani holds 49.14 per cent stake in Reliance Industries.

Reliance Industries LtdMukesh Ambani HouseMukesh AmbaniReliance IndustriesReliance Jio

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