Anil Ambani: Anil Dhirubhai Ambani is a well-known name in India. He is a businessman and primarily the chairman of Reliance Group. Reliance Group was established in 2006 and was initially a part of Reliance Industries Limited. Reliance Group is the parent company of Reliance Infrastructure, Reliance Communication, Reliance Capital and Reliance Power. There was a time when Anil Ambani was excelling in all his business. Reliance communication company was leading the telecom sector. Anil Ambani was declared the 6th richest person in the world. But now Ambani has been declared bankrupt by a UK court. He is in fact the first person to lose all his stock value in a decade span.
Anil Ambani Personal Details
Anil Dhirubhai Ambani is the youngest son of Dhirubhai Ambani who is the founder of Reliance Industries. Anil’s parents divided the company between their sons. Anil Ambani was born on 4th June 1959 in Mumbai. He married Tina Munim in 1991 who was once a Bollywood actress. They have two children Jai Anmol and Jai Anshul Ambani. Mukesh Ambani also served as the MP in the Rajya Sabha from the Uttar Pradesh constituency. Anil Ambani’s elder brother Mukesh Ambani is currently the leading businessman in the country and MD of Reliance Industries Ltd.
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Many have been interested in knowing the Net Worth of Anil Ambani. According to the latest news and records, Anil Ambani’s total liabilities are far greater than his wealth. So according to this his total asset worth is zero. A court in the UK also declared him bankrupt when he was locked in a debt case with some Chinese banks. Check out more details in the table below.
|Born||4th June 1959|
|Parents||Dhirubhai Ambani (Father) |
Kokilaben Ambani (Mother)
|Brother||Mukesh Ambani (Brother)|
Nita Ambani (Sister in Law)
|Children||Jai Anmol Ambani|
Jai Anshul Ambani
|Residence||Sea Wind Building|
|Education||B.Sc- Kishinchand Chellaram College, Mumbai|
MBA- Wharton School of the University of Pennsylvania
|Managing Director of||Reliance Group|
|MP, Rajya Sabha Constituency||Uttar Pradesh 2004-06|
Anil Ambani Early Life, Education and Family
Anil Dhirubhai Ambani is basically from the Gujrati background. His father and mother Mr Dhirubhai Ambani and Mrs Kokilaben started the business from zero and built an empire of Reliance Industries. In 2002 his father died of a heart stroke. Before dying Mr Ambani handed over the business to his sons. Initially, there were differences between the two brothers regarding property but later they resolved it by splitting the company into two parts. Reliance Industries Ltd and Reliance ADA group. Mukesh became the CEO and Anil Ambani was the Managing Director.
Ambani in one of his interviews said that their father used to take them on incentive-oriented outings where they used to get rewards like a box of mangoes for each 10 km hike. Mr Ambani completed his graduation in Bachelor of Science from Kishinchand Chellaram College, Mumbai. After that, he went to New York to complete his further studies. He did a Master’s in Business Administration from the Wharton School of the University of Pennsylvania in 1983. Later he joined his father’s business.
On 2nd February 2002, Anil got married to the Bollywood actress Tina Munim. Now they have two sons named Jai Anmol Ambani and Jai Anshul Ambani. Presently Anil Ambani lives in Mumbai in Sea Wind Building. He also has two sisters, Nina Ambani Kothari and Dipti Ambani Salgaocar.
Anil Dhirubhai Ambani Business Career
After the untimely demise of Mr Dhirubhai Ambani, there was a property dispute between the two Ambani brothers. Then their mother Mrs. kokilaben Ambani distributed the business between the two brothers and mediated the issue. Reliance Industries was divided into two parts. The first part was RIL (Reliance Industries Limited) and the other was Reliance Anil Dhirubhai Ambani Group.
Anil had interests in telecom, entertainment, infrastructure, power and financial services. So he started these as a subsidiary company of the Reliance Group. Reliance Communication was once one of the main companies in the telecom sector. It started in 2004. Apart from the CDMA2000 network services they invested in Reliance cell phones too. But soon there was a major drop in it after 2016 when its deal with AIRCEL got cancelled. In between, there were many ups and downs in the company. As per the latest news, In March 2020, Reliance Communication was working on its 4G data services, data centre services, fixed line communication and enterprise solution.
Reliance Power which is a major company of the Reliance Group was founded in 1995. This company was the electricity distributor in many regions of Maharashtra. This company produces Electricity and Natural Gas. In 2017, Adani Power acquired this company and took the charge of electricity distribution. They have also started this in Goa and Andhra Pradesh. Reliance Power is currently operating 13 medium and large-sized power projects in India.
Ambani started Reliance Power in 2008. It is still the fastest subscribed company in the field of capital market of India. In 2008, Ambani invested in an entertainment company by acquiring the majority stake in Adlabs films. Later in 2009, it was renamed Reliance MediaWorks. It was a production house. In 2008, he collaborated with Steven Spielberg’s entertainment company named DreamWorks and took Reliance MediaWorks on a global platform. He has contributed to many movies including Lincoln which is an Academy Award winner.
In 2019, Ambani was accused of not paying the debt to the Swedish gear maker Ericsson. He was given the time of one month to pay all his debt by the Mumbai court. After not paying the debt, he was held in jail for 1 month. His elder brother Mukesh Ambani bailed him out. Again in 2020, he got locked in criminal contempt for not paying a loan borrowed from three Chinese banks. UK court declared him bankrupt. In 2021, he was also in news due to his name in Pandora Papers.
Anil Ambani Awards
During his good business days, Anil Ambani was conferred many awards and recognition. Check the list below for more details:
- In December 1998, Anil Ambani was given the Businessman of the Year 1997 Award by the magazine Business India.
- In a poll organized by the renowned newspaper The Times of India, Ambani was voted winner of Businessman of the Year in 2006.
- In 2006, a poll was conducted by India Today magazine for Best Role Model among Business Leaders and Mr Ambani was the voted winner.
- In 2004, Anil Ambani was awarded the CEO of the year 2004 award in Platts Global Energy awards.
- A Bombay Management association awarded him with The Entrepreneur of the Decade Award on October 2002.
- He was conferred with the First Wharton Indian Alumni Award by Wharton India Economics Forum.
- Asiaweek Magazine awarded Anil Ambani as the Leader of the Millennium in Business and Finance. He was also conferred as the new hero in Finance and Business in India, in June 1999.
Political Connections Allegations
Anil Ambani has been in news many times for his political connections. In 2018, the Congress party accused Mr Modi of favouring Anil Ambani in the Rafale Aircraft deal with the french company Dassault. He was blamed for getting the benefits out of this deal. Reliance said that he only gets the 3% of the deal while the opposition says that he has got many.
Anil got married to the Bollywood actress Tina Munim on 2nd February 2002,.
Anil Ambani has two sons named Jai Anmol Ambani and Jai Anshul Ambani
According to the latest news and records, Anil Ambani’s total liabilities are far greater than his wealth. So according to this his total asset worth is zero. A court in the UK also declared him bankrupt when he was locked in a debt case with some Chinese banks.
The subsidiary company of Reliance Group are Reliance Infrastructure, Reliance Communication, Reliance Capital and Reliance Power. Some of these companies are on the verge of closing down permanently.
Yes, Mukesh Ambani is the real brother of Anil Ambani.