India’s richest man Mukesh Ambani has who kept his salary unchanged for the last 9 years has decides to continue it further for the 10th consecutive year.
Mukesh Ambani will get an annual salary package of Rs 15 crore this year. The company’s annual report released today said that Mr Ambani’s decision shows “his desire to continue to set a personal example for moderation in managerial compensation levels”.
“Compensation of Shri Mukesh D. Ambani, Chairman and Managing Director, has been set at Rs 15 crore, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels,” the report said.
Mukesh Ambani, who has total assets worth $40.1 billion, became richer by $16.9 billion in 2018. He moved up to the 19th global rank otren the list of 2,208 billionaires worldwide. In 2017, he had ranked 33rd with $23.2 billion.
A report in business magazine Forbes had said that India had 121 billionaires and Mukesh Ambani was the richest among them.