Rising From The Ashes: Anil Ambani's Journey Back To Financial Success; Check Net Worth, Properties & Car Collection
Industrialist Anil Ambani turns 65 today. His better half, Tina Ambani posted a sweet note for him.
¡°A very happy birthday to the man who has my heart, and my respect!¡± Tina Ambani wrote in her Instagram post, sharing photos of them and the rest of their family.
¡°Thank you for all the joy and happiness you bring to our lives, our home and our family. And for always encouraging me, every step of the way, in all my endeavors.¡±
Coincidentally, his birthday coincides with the day of the Lok Sabha election 2024 results, a day marked by the extensive process of tallying votes.
Anil Ambani Was Once World's Sixth Wealthiest Individual
During the early 2000s, Anil Ambani emerged as a symbol of achievement and promise within the corporate realm, especially following the notable division of the Reliance conglomerate, a titan in Indian industry established by Dhirubhai Ambani.
Following the passing of their father, Dhirubhai Ambani, in 2002, a family dispute arose between the two brothers. As a result, Kokilaben, their mother, made the decision to divide the family businesses between them. Anil Ambani inherited the Reliance Group, which encompasses sectors such as telecom, entertainment, financial services, power, and infrastructure. Additionally, India¡¯s largest IPO, Reliance Power, was also entrusted to Anil whereas Mukesh Ambani retained control over the traditional core enterprises.
Also Read:?Meet Anmol Ambani, Anil Ambani's Savior Son Who Turned Misfortune Into A Rs 20,000 Crore Empire
By 2008, Anil Ambani had remarkably surpassed Mukesh in wealth, achieving the status of the world's sixth wealthiest individual with a net worth of $42 billion(Rs 1.8 Lakh Crore approx).
Over the following 17 years, their fortunes took divergent paths. Mukesh Ambani's net worth soared to around $117.3 billion, driven by his expansion into retail and digital sectors, solidifying his position as Asia's wealthiest individual.
In contrast, Anil Ambani experienced a drastic decline, with his financial standing deteriorating to the extent that he declared his net worth had essentially plummeted to zero.
Anil Ambani's empire faced initial challenges with a failed merger attempt with MTN, a South African telecom giant, aimed at easing debt on Reliance Communications, a leader in India's mobile service market. Subsequent setbacks included involvement in the 2011 2G scandal, implicating executives and raising questions about business practices, particularly regarding Reliance Communications' alleged ties to Swan Telecom, one of the firms benefiting from irregularities in 2G spectrum allocation.
He faced bankruptcy before a UK court in February 2020. Official data from Reliance Capital Limited (RCL) revealed that the company's total outstanding debt amounted to INR 20,379.71 crore by December 2020, compared to INR 19,805.7 crore including interest in August 2020.
Also Read:?Second Innings! Anil Ambani Shows How It's Done As Reliance Power Settles Debts Of Three Banks
Anil Ambani's sons, Jai Anmol and Jai Anshul Ambani, assumed control of the business to revitalize it and restore Anil Ambani's reputation. Significant strides have been made in reclaiming his former stature. As of 2024, Anil Ambani's net worth, the companies under his ownership, and his spending habits reflect his ongoing efforts to rebuild his empire.
Anil Ambani's Net Worth
In recent years, the Reliance Group has experienced substantial growth, marked by notable developments such as Japan¡¯s Nippon investing in Reliance Capital and a notable increase in the share prices of various companies within the group. These positive indicators suggest that Anil Ambani's wealth status is gradually improving.
As of 2024, Anil Ambani¡¯s net worth reportedly stands at Rs 8,349 crore.
Properties Owned By Anil Ambani
To rival his elder brother's lavish residence, Antilia, the head of Reliance Power also constructed his dream home, Abode. This majestic 16,000-square-foot, 17-story mansion is located on Pali Hill and is valued at approximately INR 5,000 crore. Anil Ambani resides in Abode with his mother, his wife Tina Munim Ambani, his two sons, and his daughter-in-law, Krisha Shah. Notably, Abode ranks as the third most expensive house in Mumbai.
Cars Owned By The Business Tycoon
Reports suggest that Anil Ambani¡¯s garage houses several high-end vehicles. This impressive collection includes a Rolls Royce Phantom valued at INR 3.5 crore, a Lexus XUV, a Porsche, an Audi Q7, and a Mercedes GLK350. Additionally,
Ambani possesses a private jet¡ªa Bombardier Global Express XRS valued at INR 311 crore.
