Anil Ambani Biography
Anil Ambani is a businessman from India. He served as chairman of Reliance Group, which was formed in July 2006 as a result of a demerger from Reliance Industries Limited. He is the CEO of several publicly traded companies, including Reliance Capital, Reliance Infrastructure, Reliance Power, and Reliance Communications.
How old is Anil Ambani? -Age
He is 63 years old as of 4 June 2022. e was born in 1959 in Mumbai, India. His real name is Anil Dhirubhai Ambani.
Anil Ambani Family – Education
Anil Ambani is the younger son of Dhirubhai Ambani, the founder of Reliance Industries, and Kokilaben. Ambani is Mukesh Ambani‘s younger brother, and he has two sisters, Nina Ambani Kothari and Dipti Ambani Salgaocar. He received his Bachelor of Science degree from Kishinchand Chellaram College and his Master of Business Administration from the University of Pennsylvania’s Wharton School in 1983. He is the borther in law of Nita Dalal Ambani.
Dhirubhai Ambani died in 2002 without leaving a clear succession plan. After Anil Ambani and his brother Mukesh fought, their mother Kokilaben intervened and divided the family’s businesses between the two brothers.
Anil Ambani Wife
He is married to Tina Munim, an Indian actress, and they have two sons, Jai Anmol Ambani and Jai Anshul Ambani.
Anil Ambani Net Worth
He has an estimated net worth of $42 billion.
Anil Ambani Career
Anil received stakes in the Reliance Group, which has interests in telecom, entertainment, finance, power, and infrastructure. Ambani is also credited with India’s largest IPO, that of Reliance Power, which was subscribed to in less than 60 seconds in 2008, the fastest in Indian capital markets history to date.
Ambani made his debut in the entertainment industry in 2005 when he purchased a majority stake in Adlabs Films, a company involved in film processing, production, exhibition, and digital cinema. In 2009, the company was renamed Reliance MediaWorks. In 2008, Ambani’s entertainment business was launched on a global scale with a $1.2 billion joint venture with Steven Spielberg’s production company DreamWorks.
He helped to produce several Spielberg films, including the Academy Award-winning Lincoln. He became known as one of the most ruthless destroyers of shareholder wealth in the last century, with the combined group market cap falling by 90% since the formation of the Reliance ADA Group.
In early 2019, a Mumbai court found Ambani in criminal contempt for failing to pay a personally guaranteed debt owed by Reliance Communications to Swedish equipment maker Ericsson. Instead of jail, the court gave him a month to raise the funds. Mukesh Ambani, Ambani’s elder brother, bailed him out at the end of the month.
After a secured NCD default, three ADAG Companies reached a standstill agreement with Franklin Templeton in April 2019. As a result, SEBI changed mutual fund regulations to limit unlisted NCD exposure to 10% and void standstill agreements. As a result, FT India did not sell the pledged securities and wound down six debt funds, affecting 300,000 investors.
Anil Ambani was involved in a legal battle with three Chinese banks in February 2020. The court ordered him to set aside US$100 million, prompting him to declare that his net worth is currently zero after accounting for his liabilities. The dispute continues, with a UK court ordering him to pay the three Chinese banks $716 million.