Ambani draws no salary for 5th year; his promoter group earns Rs 3,600 crore in dividends
Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fifth year in a row, and dividends remain his main source of earnings.
Ambani, 68, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential.
The promoter group firms that he controls, own 664.5 crore shares, or 50.07 per cent, give a dividend income of Rs 3,655 crore.
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