Anil Ambani is a 60 year old Indian businessman and managing director. He is the largest shareholder of Reliance Group, created after a separation from Reliance Industries Limited (which is now owned by Mukesh Ambani).
In this article, you will learn about Anil Ambani income, earnings, salary, early life and other information.
Anil Ambani Life
Anil Ambani was born to Indian entrepreneur Dhirubhai Ambani and Kokilaben Ambani on 4th June, 1959 in Bombay in the state of Maharashtra in India. He has an older brother and two sisters. Anil attended Kishinchand Chellaram College to get his Bachelor of Science degree and then attended the Wharton School of the University of Pennsylvania to get his Masters in Business Administration degree.
He married his wife Tina Munim, who was then an actress and they have two sons, Jai Anmol and Jai Anshul. Tina Ambani is the chairperson of the Kokilaben Dhirubhai Ambani Hospital in Mumbai.
Ambani is credited with the largest Initial Public Offering (IPO) in Indian history when his company Reliance Power went public in 2008 and it was subscribed in less than 60 seconds.
ANIL AMBANI INCOME 2020: 500 MILLION DOLLARS (APPROX)
Anil Ambani Income
The younger son of the Ambani family had an income which was one of the highest in India after his father’s assets were split between the two brothers almost evenly. He was worth 42 billion dollars in 2006, making him the 6th richest person in the world, right after the elder Ambani at 5th. In 2008, he was the richest Indian, who was worth more than his brother by Rs. 550 crores.
However, since then, Anil Ambani earnings have taken a massive toll. This has been caused due to almost all of his companies going into massive debt and their stock prices falling immensely.
Anil Ambani income includes his around 75% stock in the Reliance Group which has different companies under it like Reliance Power, Reliance Naval and Engineering, Reliance Communications, Reliance Capital, Reliance Home Finance and Reliance Infrastructure among others.
Reliance Group has a 1.5 billion dollar agreement with Steven Spielberg’s Dreamworks Pictures to finance their films, which has made Anil Ambani a producer on several acclaimed films. Reliance MediaWorks, another of his companies, is a major player in the entertainment industry in India with presence across several businesses. It even has a Scientific and Technical Oscar in 2011.
Other than these, Anil Ambani earnings also come from 44 FM stations, animation studios, multiplex chains and a nationwide DTH service business.
Anil Ambani net worth as of July 2019 is 500 million dollars. The value of his real equity is even lower at 100 million dollars.
Anil Ambani House and Cars
Anil Ambani houses include Sea Wind, the home of the entire Ambani family located at Cuff Parade in southern Mumbai which has 14 floors with the top floor roof used as a helipad.
The house has Venitian glass work and unique design on roof and walls and houses paintings drawn by famous painters like Raza and M.F. Hussain.
Anil Ambani cars include a Mercedes Benz S class worth Rs. 3 crores, a Lamborghini Gallardo worth Rs. 4 crores, a Range Rover Vogue worth Rs. 2.5 crores, a Rolls Royce Phantom worth Rs. 4 crores and Toyota Fortuner worth Rs. 30 lakhs.
He owns a Falcon 2000 which is worth 40 million dollars as a private aircraft with all luxurious facilities. He also owns a 13 seater Bell 412 helicopter which is worth 10 million dollars. Anil Ambani planes also include a Bombardier Global Express aircraft worth 50 million dollars with custom designed conference rooms and suites and a Falcon 7X plane worth 50 million dollars.
He bought a luxury yacht to gift his wife which reportedly cost a whopping 84 million dollars, which was made Genova, Italy and named Tian. It was his long dream to buy a yacht.
While his wealth gap with his elder brother was not that much after the splitting of their father’s assets as his father didn’t leave a will, it is not huge with Mukesh’s wealth increasing slowly over the course of time due to immense progress in his businesses while Anil’s wealth is now only a shadow of what it was before.
His companies are in major debt and have been accused of several wrong doings and bankruptcy cases as well by multiple shareholders and lenders. Most recently, Ericsson took Anil Ambani to court for non payment of dues which was resolved, allegedly due to Mukesh Ambani helping his younger brother out.
Ambani also got into trouble when Indian parties alleged him of crony capitalism to get the tender for manufacturing fighter planes from French company Dassault. This has led to widespread controversy and led to Anil Ambani’s shares taking a big hit. It looks like Ambani’s wealth woes are not going away anytime soon and only time will tell what happens.