Giving away free internet to 100 million subscribers hasn’t made a dent in Mukesh Ambani’s wealth

Even as Indias richest human devoted away “unlimited” 4G internet access to more than 100 million subscribers for six months, his personal wealth is far from taking a dent.

Mukesh Ambani, the chairman and managing director of Indias largest industrial house Reliance Industries Limited, added$ 6 billion to his personal wealth last year, according to Bloomberg Billionaires Index .

With 40 percentage stake in Reliance Industries Limited, Ambani is the largest stockholder at the conglomerate.

Reliance Jio began commercial operations in India on Sept. 5. The 4G-only network has been offering tons of free data and access to a plethora of content services for free to all its subscribers.

In a price-sensitive marketplace such as India, Reliance Jio has been a runaway success. Reliance Jio has already observed a spot in top five Indian telecom operators with more than 100 million subscribers.

According to a report, the 59 -year-old Ambani had spent north of $20 billion in setting up the telecom operator and striking licensing deals for the corsage of content.

The addition of$ 6 billion last year has upped Ambanis net worth to $28.7 billion. Joining him from India is steel mogul Laxmi Nivas Mittal, who added $1.5 billion last year. Pharmaceuticals baron Dilip Shanghvi added $1.9 billion to presume the third largest richest human in India as of last year.

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