Anil Ambani is an Indian business magnate who serves as the chairman of the Anil Dhirubhai Ambani Group. He is the son of late business tycoon Dhirubhai Ambani and the younger brother of Mukesh Ambani. Though the brothers were under the same roof (Reliance) for years, they later ended up in a split which made them part ways. Let us have a brief look at the career and net worth of Anil Ambani in 2018.
Early Life & Biography
Anil Ambani was born on June 4, 1959, in Bombay, India to Dhirubhai Ambani and Kokilaben Ambani. His brother Mukesh Ambani is two years elder to him. Anil got a Bachelor of Science degree from the University of Bombay and then finished MBA at The Wharton School, the University of Pennsylvania. Anil currently is one of the members of the Wharton Board of Overseers.
Anil Ambani is married to former Bollywood actress Tina Munim. The couple met through common friends and gradually fell for each other. Anil’s family did not encourage their relationship which made them put an end to the relationship. But after four years of separation, the couple reunited and Anil convinced his family to get him married to Tina. The couple got married in February 1991 and has two sons Jai Anmol Ambani and Jai Anshul Ambani.
Career, Awards & Nominations
In 1983, Anil joined Reliance as its Co-CEO and led the company to excel in overseas capital markets. He helped Reliance to generate $2 billion in 1991, through overseas financial markets and played an important role in the Yankee Bond in 1997. Under his guidance, Reliance enjoyed great success in textiles, petroleum, and telecommunication.
After the death of Dhirubhai Ambani in 2002, a feud for assets and properties broke between Mukesh and Anil which made their mother derive a truce according to which Reliance Communications, Reliance Capital, and Reliance Natural Resources Ltd went into the hands of Anil Ambani through which he formed the Anil Dhirubhai Ambani Group.
Anil later stepped into the entertainment industry by acquiring the Adlabs Films in 2005 and renamed it to Reliance MediaWorks. In 2008, he entered the global entertainment industry by investing $1.2 billion in Stephen Spielberg’s DreamWorks production company.
In 2006, the Times of India announced him as the Businessman of the Year through poll results. Anil was honored with the CEO of the Year Awards in 2004 at the Platts Global Energy Awards. In 2002, the Bombay Management Association presented him The Entrepreneur of the Decade Award.
Net Worth & Earnings
His net worth was estimated to be $35 billion in October 2007 with most of his income coming from the RCOM. In 2016, Forbes announced his net worth to be $3.3 billion and according to the businesstoday.in the market value of his ADAG has reduced to 50,000 crores rupees from a peak of 4 lakh crores rupees. His current net worth is estimated to be $2.1 billion.
Anil also served as the member of Rajya Sabha from June 2004 to March 2006 which adds another feather to his cap. Though his group is currently experiencing a downfall, we expect the highly talented businessman to lift it soon back to the heights it enjoyed.