In a double-treat of sorts, Reliance Industries' [Get Quote] emergence as India's most valued firm has also catapulted its Chairman and Managing Director Mukesh Ambani to the top of the country's rich list.

After toppling state-run energy giant ONGC [Get Quote] as India's largest corporate house among listed entities after more than four years, RIL's market cap has further swelled to over Rs 1,65,000 crore taking Mukesh Ambani's net worth based on his shareholding in group companies to more than Rs 70,000 crore.

Ambani's elevation has pushed Wipro's [Get Quote] Azim Premji [Images] to the second position with a net worth of about Rs 64,700 crore.

The younger Ambani brother Anil's net worth has also soared after the recent record-breaking rally in the stock market. Anil Ambani maintains his position as the country's third richest person with a net worth of over Rs 61,000 crore based on his shareholding in group companies.

The combined market value of Mukesh Ambani group companies -- RIL, Reliance Petroleum [Get Quote] (RPL), IPCL [Get Quote] and Reliance Industrial Infrastructure Ltd [Get Quote] (RIIL) has soared to about Rs 2,04,000 crore.

The cumulative market capitalisation of Anil Dhirubhai Ambani Group companies -- Reliance Communications [Get Quote], Reliance Capital [Get Quote], Reliance Natural Resources [Get Quote] and Reliance Energy [Get Quote] -- currently stands at about Rs 1,08,500 crore.