Question: Who Bought Jio?

Who is Asia’s richest person?

Mukesh AmbaniMukesh Ambani, Asia’s richest man who spent the early few months of the pandemic raising more than $20 billion by selling stakes in his technology venture, is now on a shopping spree..

Who is the poorest person in the world?

man Jerome KervielThe world’s poorest man Jerome Kerviel has handed himself in to French authorities. Jerome Kerviel, the ex-Societe Generale trader who has more debt than anyone else in the world, has turned himself in to French authorities to begin a three-year jail sentence.

Is Ambani selling Jio?

Since April 22, billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has announced 12 deals to sell more than 25 per cent stake in its digital services arm, Jio Platforms. Together, the deals have helped the country’s most valuable company to raise about ₹ 1.18 lakh crore.

How much should I invest in Jio?

As a result of Google’s investment, Jio Platforms has raised a total of Rs. 1,52,056 crores. Google is investing Rs. 33,737 crores in Jio Platforms for 7.7 percent stake, Reliance Industries Limited (RIL) announced on Wednesday.

How much money did Mukesh Ambani have?

85.1 billion USD (2020)Mukesh Ambani/Net worth

Is Jio making profit?

The telco, led by Mukesh Ambani, on Friday said profit for the quarter rose to Rs 1,350 crore compared with Rs 831 crore a year ago. The market had estimated profit to be more than Rs 1,300 crore. Profit was up 36.4 per cent from the preceding quarter.

Did Zuckerberg buy Jio?

Facebook-Reliance Jio USD 5.7 billion (Rs 43,574 crore) deal: In the first mega cross-border deal of the year, Mark Zuckerberg’s Facebook has agreed to buy a 9.99% equity stake in Mukesh Ambani’s Reliance Jio for Rs 43,574 crore, with an eye on the country’s 6 crore small businesses and a huge digital customer base of …

Who is richer Bill Gates or Ambani?

Mukesh Ambani’s net worth is $72.4 billion, according to the Bloomberg Billionaires Index. … Jeff Bezos ($184 billion), Bill Gates ($115 billion), Bernard Arnault ($94.5 billion), Mark Zuckerberg ($90.8 billion), and Stele Ballmer ($74.6 billion) are placed higher than Mukesh Ambani in the Bloomberg Billionaires Index.

Is Jio a profit or loss?

Jio had reported a net profit of Rs 830 crore in the third quarter of 2018-19 fiscal year. After considering depreciation normalisation impact and subsidy expenses, the normalised net earnings should have been a loss of Rs 3,800 crore, it said.

Is Ambani a trillionaire?

India’s Mukesh Ambani could become a trillionaire in 2033 when he will be aged 75, according to the research which said that Chinese real estate tycoon Xu Jiayin will follow Bezos to become the second trillionaire in the world in 2027. Alibaba’s Jack Ma could become a trillionaire in 2030 when he will be aged 65.

Who purchased Jio?

US-based tech giant Google is set to buy stake in Reliance Jio for over Rs 33,700 crore after RIL’s telecom announced multiple deals with global partners in the last few weeks.

In which country Internet is cheapest?

India was named the cheapest country for one gigabyte of data with the average cost in U.S. dollars only coming to $0.26. Kyrgyzstan came second with $0.27 while Kazakhstan rounded off the top-three with $0.49.

Is Jio safe?

A Jio spokesperson has said: “We have come across the unverified and unsubstantiated claims of the website and are investigating it. Prima facie, the data appears to be unauthentic. We want to assure our subscribers that their data is safe and maintained with highest security.

Which country has most expensive Internet?

South Africa Has The Most Expensive Internet In The World – Report Shows.

How much of Jio does Ambani own?

about 33%At the 2019 Annual General Meeting, Ambani announced that he intended to make Reliance Industries net debt-free. Over the subsequent year, the company has announced deal after deal with a number of major global players bringing in Rs 152,000 crore by selling about 33% of its stake in Jio Platforms.

How much debt is Jio?

In March 2020, the company had reported a net debt of ₹1.61 trillion ($21 billion). Since then, it has raised $15.2 billion by selling stakes in Jio Platforms Ltd. Its $7 billion rights issue was oversubscribed 1.6 times.

Who is the real owner of Jio?

Mukesh AmbaniResponding to this, Mukesh Ambani, owner of Jio, said, “All operators have publicly said last week that they will provide this (interconnect and MNP).

Why is Jio so cheap?

I think it is so cheap because Jio works on internet, which is the latest technology. If you are in an area, where there is no internet coverage, the phone will stop working. … The 4G network made by Jio all over India during the past two years was by spending about two and half lakh crores rupees, according to a report.