Anil Dhirubhai Ambani is a very well known name in India. He is a businessman and primarily a chairman of the Reliance Group. The Reliance Group was then established in 2006 and was initially a special division of Reliance Industries Limited. Reliance Group is the parent company of Reliance Infrastructure, Reliance Communications, followed by Reliance Capital and also Reliance Power. Know about Anil Ambani net worth.
But there was a time when Anil Ambani excelled in all his businesses. Besides, Reliance Communication Company was leading the telecom sector. But Anil Ambani has been declared as the 6th richest person in the world.However, a UK court has now pronounced Ambani bankrupt. He is the first individual to have lost all of the value of their stock in ten years.
Biography of Anil Ambani
Anil Dhirubhai Ambani is the youngest son of Dhirubhai Ambani, a founder of Reliance Industries. Besides, Anil’s parents divided the company between their sons. Anil Ambani was born in Mumbai, but he married Tina Munim in 1991 who was once a Bollywood actress. Besides, they have two children, Joy Anmol and Joy Anshul Ambani. Mukesh Ambani also served as an MP for the Uttar Pradesh Center in the Rajya Sabha.
However, Anil Ambani’s elder brother Mukesh Ambani is currently one of the country’s leading businessmen and the MD of Reliance Industries Limited.
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Anil Ambani Net Worth According to Forbes
Many people are very interested to know the net worth of Anil Ambani. According to latest news and records, Anil Ambani’s total liabilities are much more than his assets. So according to this his net worth is zero. A UK court declared him bankrupt when he was caught in a debt case with some Chinese banks. His net worth in 2016 was around $2.5 billion. Things looked tough for the once-sixth-richest man in the world. Currently, Anil Ambani’s net worth is estimated to be around 14,800 crores ($2 billion) in Indian rupees.
Anil Ambani Early Life, Education and Family
Anil Dhirubhai Ambani is originally from Gujarati background and his father and mother Mr. Dhirubhai Ambani and Mrs. Kokilaben started business from scratch and built the Reliance Industries empire. Then in 2002 his father died of a heart stroke and before his death, Mr. Ambani handed over the business to his sons. However, the two brothers initially had differences over property, but later they resolved it by splitting the company into two. Reliance Industries Limited and Reliance ADA Group. But Mukesh became the CEO and Anil Ambani became the Managing Director.
Anil Ambani with father and brother
Ambani said in an interview that their father used to take them on incentive-based hikes where they would get rewards such as a box of mangoes for every 10 kilometers hiked. Besides, Mr. Ambani graduated in science from Mumbai’s Kishinchand Chellaram College. He then relocated to New York to finish his subsequent coursework. In 1983, he also graduated with a master’s degree in business administration from the University of Pennsylvania’s Wharton School. He then entered his father’s company after that.
Anil is said to have married Bollywood actress Tina Munim in February 2002.Jai Anmol Ambani and Jai Anshul Ambani are their two boys today. Anil Ambani does, however, presently reside in Mumbai’s Sea Wind Building. Nina Ambani Kothari and Deepti Ambani Salgaokar are his other two sisters.
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After the untimely death of Mr. Dhirubhai Ambani, the two Ambani brothers had a dispute over the property. Then their mother Mrs. Kokilaben Ambani then divided the business between the two brothers and mediated the matter. Reliance Industries was then divided into two parts and the first part was RIL (Reliance Industries Limited) and the other part was called Reliance Anil Dhirubhai Ambani Group.
Anil had particular interests in the areas of finance, leisure, infrastructure, and telecommunications. So he started them as a subsidiary company of Reliance Group and Reliance Communications was once one of the major companies in the telecom sector. But it started in 2004, apart from CDMA2000 network services they also invested in Reliance cell phones. But soon after 2016 it suffered a major decline when its contract with AIRCEL was cancelled.The business has gone through many ups and downs since then.
Anil Ambani, who was once one of the richest men in the world, is currently facing a dire predicament It’s been a tough time for this one-time billionaire, who was deeply engrossed in debt totaling billions.