Anil Ambani Net Worth

Anil Ambani Net Worth
Anil Ambani Net Worth

Anil Ambani net worth

Current Net Worth$0 (USD – 0), (Rupees – 0)

Anil Ambani short biography

Net Worth$0
BornJune 4, 1959 (Age – 62)
Identified asIndian Businessman
StatusChairman of Reliance Group
EducationKishinchand Chellaram College, Mumbai (Bachelor of Science), Wharton School of the University of Pennsylvania (Master of Business Administration)
NationalityIndian
ResidenceMumbai, India
Spousal statusMarried (Tina Munim M. 1991)​
Children2
Anil Ambani short biography

Anil Ambani is a bankrupt man in India withholding a net worth of $0 (Rupees – 0), making him the bankrupt businessman in India.

Anil Dhirubhai Ambani is a businessman from India.

He is the chairman of Reliance Group (also known as Reliance ADA Group), which was spun out from Reliance Industries Limited in July 2006.

He is the CEO of Reliance Capital, Reliance Infrastructure, Reliance Power, and Reliance Communications, all of which are publicly traded companies.

Ambani, who was previously the world’s sixth-richest person, said in February 2020 before a UK court that his net worth is zero and that he is bankrupt, albeit the reality of that assertion is debatable.

Between 2004 and 2006, he served as an Independent Member of Parliament in the Rajya Sabha, India’s upper house of Parliament.

Anil Ambani, Mukesh Ambani’s younger brother, has his own business empire with holdings in finance, defense, infrastructure, and media.

His Reliance Defence includes a number of partner ventures, including Rafael Advanced Defense Systems of Israel and Dassault Aviation of France.

The much-anticipated $3 billion sales of his debt-ridden Reliance Communication’s telecom businesses to his brother’s Reliance Jio have fallen through.

In February, India’s Supreme Court decided that Ambani would face jail time if Reliance Communication did not refund Ericsson $77 million. The order would be followed, according to Reliance Communication.

Anmol, his son, is a board member of Reliance Capital.

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Anil Ambani biography

Full NameAnil Dhirubhai Ambani
BirthplaceBombay, Bombay State, India
Height6 feet, 183 cm
Weight72 Kg
FatherDhirubhai Ambani
MotherKokilaben Ambani
BrotherMukesh Ambani
SisterNita Dalal Ambani
Anil Ambani Biography

Anil Ambani was born on June 4, 1959, in Bombay, Bombay State, India.

He is the younger son of Dhirubhai Ambani, the founder of Reliance Industries, and his wife, Kokilaben.

According to Ambani, his father would take the boys on “incentive-oriented expeditions” in which they would be awarded a box of mangoes for completing a 10-kilometer climb, but would also be chastised if they misbehaved in front of visitors.

Education

Kishinchand Chellaram College awarded him a Bachelor of Science degree, and the Wharton School of the University of Pennsylvania awarded him a Master of Business Administration degree in 1983.

Career

Dhirubhai Ambani, Ambani’s father, died in 2002 without leaving a clear succession plan. Following a squabble between Anil and his brother Mukesh, their mother Kokilaben intervened and divided the family’s assets between the two boys.

Anil Ambani got a piece of the Reliance Group, which has holdings in telecommunications, entertainment, financial services, electricity, and infrastructure. Ambani is also responsible for India’s biggest IPO, Reliance Power, which was subscribed in less than 60 seconds in 2008, the quickest in Indian capital markets history.

Ambani first entered the entertainment sector in 2005, when he purchased a controlling position in Adlabs Films, a firm that specializes in film processing, production, exhibition, and digital cinema. In 2009, the firm was renamed Reliance MediaWorks.

Ambani’s entertainment business was launched on a worldwide scale in 2008 when he formed a joint venture worth US$1.2 billion with Steven Spielberg’s production firm DreamWorks.

He worked on a number of Steven Spielberg films, including the Academy Award-winning Lincoln.

Since the founding of the Reliance ADA Group, Ambani has earned a reputation as one of the quickest destroyers of shareholder capital in the previous 100 years, with the combined group market cap falling by 90%.

In early 2019, a Mumbai court found Ambani guilty of criminal contempt for failing to pay a personally guaranteed debt due by Reliance Communications to Swedish equipment maker Ericsson.

Instead of sending him to jail, the judge offered him a month to come up with the money. Mukesh Ambani, Ambani’s older brother, bailed him out at the end of the month.

After a secured NCD default, three ADAG Companies negotiated a standstill agreement with Franklin Templeton in April 2019. As a result, SEBI changed mutual fund regulations, limiting unlisted NCD exposure to 10% and nullifying standstill agreements.

Following the incident, FT India decided not to sell the pledged securities and shut up six debt funds, impacting over 3,000 investors.

Anil Ambani was involved in a court fight with three Chinese banks in February 2020. The court ordered him to set aside US$100 million, prompting him to claim that his net worth is presently zero after accounting for his liabilities.

The case is still ongoing, with a UK court ordering him to pay US$716 million to three Chinese banks.

The Pandora Papers were named Anil Ambani in October 2021.

Anil Ambani income model

Monthly IncomeRupees – 0 Crore+
Yearly IncomeRupees – 0 Crore+
Anil Ambani income model

Private & early life

Ambani is from the Gujarati ethnic group.

Jai Anmol Ambani and Jai Anshul Ambani are his two kids from his marriage to Indian actress Tina Munim.

Ambani has two sisters, Nina Ambani Kothari and Dipti Ambani Salgaocar, and is Mukesh Ambani’s younger brother.

Awards

YearAward
1998India’s top business journal
1999Leaders of the Millennium in Business and Finance
2001First Wharton Indian Alumni Award
2002Entrepreneur of the Decade Award
2004CEO of the Year
2006Businessman of the Year
2006Best role model
Anil Ambani awards

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