Mukesh Ambani’s RIL biggest wealth creator in last 5 years

TIL Desk/Business/Mumbai/ Mukesh Ambani’s Reliance Industries has emerged as the biggest wealth creator during 2014-19 by adding Rs 5.6 lakh crore of wealth, according to a study. The top-100 wealth creators generated Rs 49 lakh crore during 2014-19, the highest-ever quantum of wealth added, according to Motilal Oswal’s Annual Wealth Creation Study 2019.

 “After a gap of 7 years, Reliance Industries has once again emerged the biggest wealth creator over 2014-19. A total of Rs 5.6 lakh crore wealth created by Reliance is the highest-ever so far by a huge margin,” it added. According to the study that was released on Wednesday, Reliance Industries, Indiabulls Ventures and IndusInd Bank are the biggest, fastest and most-consistent wealth creators, respectively.

Indiabulls Ventures is the fastest wealth creator for the second time in a row, with stock returns at a whopping 78 per cent compound annual growth rate (CAGR). The study added that Bajaj Finance has the unique distinction of being in the top-10 biggest as well as fastest wealth creators. Also, IndusInd Bank is the most-consistent wealth creator by recording the highest CAGR of 49 per cent over the 10-year period of 2009-19.