One of the largest corporations in India, the Anil Ambani Group, is chaired by Anil Dhirubhai Ambani. Anil, who comes from one of the richest families in India, has demonstrated remarkable business abilities to place him among the richest persons in the world. Ambani was born in Mumbai, India, on June 4, 1959. He completed his master’s program in business administration at the Wharton School of the University of Pennsylvania after earning his bachelor’s degree from the University of Mumbai. Together with his brother Mukesh Ambani, he inherited the empire his father had established by bringing in synthetic fiber to replace cotton after his father passed away. Anil received his fair share of the duties associated with the telecom, energy, and entertainment sectors. The two brothers have been at odds ever since, with each attempting to surpass the other to become the richest.
Anil Ambani Biography
| Name | Anil Dhirubhai Ambani |
| Age | 63 Years Old |
| Occupation | Businessman |
| Born Place | Maharashtra, India |
| Date of Birth | 4 June 1959 |
| Spouse | Tina Munim |
| Children | 2 Sons Jai Anmol Ambani and Jai Anshul Ambani |
| Residence | Sea Wind Building |
| Education | Bachelor of Science and Master in Business Administrative |
| Siblings | Mukesh Ambani, Nina Ambani Kothari and Dipti Ambani Salgaocar |
Anil Ambani Wife, Children And Family
Gujarati-born Anil Ambani is the youngest son of Reliance Company founder Dhirubhai Ambani and his wife Kokilaben. His three siblings are Nina Kothari, Deepti Salgaocar, and Mukesh Ambani, the second richest man in India. In 1991, Anil Ambani wed Tina Ambani, an actress from the 1980s as well. Two sons are born to them. Jai Anshul Ambani is the youngest, while his older brother, Jai Anmol Ambani, is currently wed to Krishna Shah.
Anil Dhirubhai Ambani Business Career
Business magnate Dhirubhai Ambani passed away in 2022, as you are aware. He did not prepare a plan for his sons’ share of the land. Anil and Mukesh Ambani, his two sons, were often at odds with them other after his death. In order to resolve the issue, Kokilaben chose to divide the business her husband founded for the family between the two of them.
Following the split, Anil Ambani acquired stakes in entertainment, power, infrastructure, communications, and financial services in addition to a portion of Reliance Group. The biggest Reliance Power IPO in Indian history was credited to Ambani as well. In 2008, the IPO attracted subscribers in under a minute. It is currently the fastest subscription in Indian Capital Market history.
Anil Ambani made the decision to enter the entertainment business after that. Thus, in 2005, he made his debut in the entertainment business by owning most of the stock in Abdlans Films. The business engaged in digital marketing, film processing, production, and exhibition. 2009, or about four years later, Ambani rebranded Adlabs Films in conjunction with Reliance MediaWorks. Ambani also established a joint venture between DreamWorks, a production business owned by Steven Spielberg, and Ambani MediaWorks. The project’s main goal was to launch Ambani MediaWorks on a global scale. Additionally, Ambani assisted with the creation of a few Steven Spielberg movies. Lincoln, one of the movies, took home an Academy Award.
Anil Ambani is considered one of the fastest shareholder wealth destroyers within a decade. His Reliance Anil Dhirubhai Ambani Group’s combined group market cap has declined by 90%. It was the first time that the company has lost 90% since its formation of the company.
Anil Ambani And His Political Connection
The Indian National Congress charges Prime Minister Narendra Modi of favoring Anil Ambani’s Defence Company above Hindustan Aeronautics Limited, a public sector enterprise. The French manufacturing company Dassault, with whom the fighter aircraft deal was arranged, has been the subject of accusations.
It was a deal valued at Rs. 58,000 crores. Anil Ambani, however, has refuted all allegations and claims that he profits from crony capitalism. In actuality, Anil Ambani’s company will receive only 3% of the sale price—roughly Rs. 30,000 crores—through the aviation offsets contract, despite the fact that this was the largest and most advantageous deal for Rafale fighter jets.
Awards And Recognition
| Award/ Recognition | By | Year |
| Businessman of the Year 1997 | Business India | December 1998 |
| Businessman of the Year | The Times of India | December 2006 |
| Best Role Model | India Today Magazine | August 2006 |
| The CEO of the Year | Platts Global Energy Awards | 2004 |
| The Entrepreneur of the Decade Award | Bombay Management Association | October 2022 |
| First Wharton Indian Alumni Award | Wharton India Economic Forum (WIEF) | December 2001 |
| Leaders of the Millennium in Business and Finance | Asiaweek magazine | June 1999 |
The Split Between Brothers
Dhirubhai Ambani passed away in 2002 without signing a will. Anil became Reliance Industries’ Managing Director upon the death of his father. At the time, the corporate empire valued at Rs 28,000 crore had Mukesh as its chairman.
A hint of discord started to emerge between the brothers around 2005. A legal battle between the brothers over the gas supply ultimately resulted in the division of the corporation into two. Anil assumed control of the financial services, telecom, and power generation sectors, while Mukesh was assigned to the petrochemicals and oil-refining divisions. Until 2010, they also agreed to a “non-compete pact.”
Reliance Communications, Reliance Power, Reliance Capital, Reliance Infrastructure, Reliance Naval, Reliance Home Finance were the businesses which were run by Anil Ambani’s Reliance Group. And his brother Mukesh Ambani was given the ownership of the Petrochemical business, textile business, with some others.
Anil Ambani Career
- He was the chairman of Reliance Group which mainly includes Reliance Communication, Reliance Power, Reliance Capital and Reliance Infrastructure.
- In 1983, he joined the company set up by his father Dhirubhai Ambani and served as the Co-Chief-Executive Officer.
- In 1991, due to these efforts of Anil Ambani, the global market share of Reliance increased to the US $ 2 billion.
- After the death of his father Dhirubhai Ambani in 2002, Anil Ambani took over Reliance Group, showing his interest in Telecom, Financial Services, Entertainment, Power & Infrastructure.
- Reliance Group, later, had taken possession of the Indian market and some foreign markets. These mainly include distribution, telecommunications, transmission and generation.
- Ambani made her debut in the field of entertainment in 2005. Anil Ambani also gets the credit for building India’s largest media empire.
- He also had tie-ups with international news channels such as “BBC”, buying shares of “TV Today” and “Blumberg TV”.
- According to a deal with Universal Music, consumers associated with Anil’s company can choose their choice from three lakh songs. Anil Ambani has also signed agreements with some of the leading film production houses owned by Steven
Anil Ambani Net Worth
As per the latest data available the net worth of Anil Ambani is $0 Million. His net worth in 2019 was $ 3 Million and in 2018 it was Rs 109 crores.
Major Works
Anil Ambani’s Reliance Group has a market capitalization of US$14 billion and net assets of US$28 billion. Operating in over 20,000 towns and 450,000 villages in India and abroad, the company touches the life of 1 in 10 Indians every single day.
Trivia
- All the people who spoke to Anil Ambani in 1975 during his interview for admission to KC College did so in Sindhi, mistaking his surname—which ends in ‘ni’—for a Sindhi surname. Nonetheless, he said in an interview that he is happy to be Gujarati and that both of his parents are from the state.
- He was a mischievous boy who frequently got into problems for the practical jokes he pulled on people, forcing his mother, who had a soft spot for him, to step in and save the day. Some say that he once smashed another glass to demonstrate how he broke the first one when his father inquired how he did it. This is said to have made him chuckle rather than angry.
Anil Dhirubhai Ambani house
Anil Ambani’s accomplishments much exceed his current net fortune. However, his intriguing personality brilliantly preserves the heritage of nature, culture, and class. It seems sense that he attracted interest outside of the business sphere as well. Similar to his aura, real estate companies and interior designers have found his home “Abode” to be an intriguing topic. This opulent home, named “Abode,” is situated in Mumbai’s Pali Hill and spans more than 16,000 square feet. It is also more than 70 meters tall. The establishment provides all the comforts and features of a seven-star hotel. It’s reasonable to argue that Mr. Ambani lives in a palace fit for a king. The 70-meter-tall villa has all the creature comforts that one can afford. Saying that the residence is nothing less than a palace wouldn’t be incorrect.
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