Anil Ambani Net Worth

Anil Ambani is a household name in India and a common name in Forbes magazine. He is one of the famous business moguls controlling the corporate sector in the country. He has also been featured in several international news outlets as one of the wealthiest men in the world. However, the latest controversies have left many people wondering whether Anil Ambani is still rich or if he went bankrupt. Keep reading this article to get more exciting information about Anil Ambani, including his estimated net worth. 

Who Is Anil Ambani?

Anil Ambani is an Indian businessman. He was born on June 4, 1959, in Mumbai, India’s largest and most densely populated city, well-known as the heart of the Bollywood film industry. He is the younger son of the wealthy businessman Dhirubhai Ambani and his wife, Kokilaben. The legendary industrialist Dhirubhai Ambani was the founder of Reliance Industries, which became one of the multi-billion industries in India. 

Anil Ambani grew up in a happy but strict family where his father would reward them for doing what was good but punish them for doing what was wrong.  He once said their father would take them for “incentive-oriented outings” and reward them with a box of mangoes for a 10-km hike. But he added that their father would at the same time punish them for acting out in front of visitors.

Anil Ambani is married to Tina Ambani with whom they have two sons, Jai Anshul Ambani and Jai Anmol Ambani. Tina Ambani is also a popular name in India owing to her previous acting career. 

Anil Ambani holds a Bachelor of Science degree from the University of Mumbai. He also graduated with a Master’s degree in Business Administration from Wharton School, the University of Pennsylvania in the United States.

Exciting Facts About Anil Ambani 

• He has a collection of jets, including Bombardier Global Express XRS, Global Express (aircraft), Falcon 2000, and Falcon 7X.
• He neither smokes nor drinks.
• He is a pure vegetarian.
• He grew up in a lower-middle-class Indian family together with his siblings. 
• He lived in a 2-bedroom apartment at Bhuleshwar in Mumbai alongside his parents and siblings. This was in the early 1970s.
• His hobbies include jogging or running.
• He is a religious person and a strong devotee of Mahadev. Reports indicate that he has done the Kailash Mansarovar Yatra twice. 
• He resigned as director of the bankrupt Reliance Communications in November 2019 after leading the company since 2006.

Anil Ambani Investments and Career 

Having grown up in a business-oriented family, Anil Ambani also began building himself in the corporate world. He and his brother Mukesh Ambani helped their father run Reliance Industries and learned essential practical business growth and management skills. 

After their father passed on in 2002, their mother mediated between them and divided the family-owned wealth between them in June 2005.   Anil inherited part of the Reliance Group, with interests in financial services, telecom, entertainment, power, and infrastructure. The two brothers then took control of their businesses separately. 

Anil Ambani would later become the chairman of the Reliance Group, a company he established in 2006 following the split of Reliance Industries Limited.  At Reliance Group, he established and led several stock-listed companies, including Reliance Infrastructure, Reliance Capital, Reliance Power, and Reliance Communications.

Anil Ambani invested in various industries, including the entertainment industry, where he acquired a majority stake in Adlabs Films, a company dealing with film production and exhibition and digital cinema. He also invested a whopping $825 million in Steven Spielberg’s DreamWorks Studios to co-produce movies, making him a crucial player in the global entertainment industry. 

Anil Ambani Net Worth

Following the controversies surrounding Anil Ambani, it is a bit challenging to establish his actual net worth at the moment. Most media reports indicate that his current net worth is zero. But let’s look at the available data to find out his estimated wealth value of wealth.

In 2007, the Bombay Stock Exchange data ranked the Ambani brothers among the richest globally, with accumulated wealth standing at $ 91.41 billion. From the fortunes, Anil owned shares worth USD 35.6 billion. However, Anil Ambani net worth deteriorated due to several factors, including loan burdens. Though Forbes still ranked him as one of the wealthiest people in the world in 2017, his net worth stood at $3.15 billion.

Legal and Financial Issues

 In February 2019, the Supreme Court of India held him in criminal contempt for non-payment of $77 million that his Reliance Communication company owed Swedish firm Ericsson. 

In February 2020, Anil Ambani got into another legal battle where a UK court ordered his company Anil Dhirubhai Ambani Group (ADAG) to pay three Chinese banks $717 million within 21 days. The court made the ruling after it determined that a personal guarantee that Ambani had disputed was binding.

During the legal proceedings, the world’s sixth-richest person informed the London court that his net worth is zero, with no assets, and on the verge of bankruptcy. He stated the current worth of the shareholdings was only about $82.4 million. The news shocked many who knew Ambani as the richest Indian.

In March 2022, India’s Security and Exchange Board barred Anil Ambani from trading with any listed companies over the alleged misappropriation of funds from Reliance Home Finance Ltd. He stepped down as the director of Reliance Power and Reliance Infrastructure companies following the decision. 

Then, however, in a new turn of events, Anil Ambani was named in the Pandora papers. The documents alleged that he had 18 offshore companies in Jersey, Cyprus, and the British Virgin Islands (BVI).

The papers indicated the companies were established between 2007 and 2010, and seven of them had borrowed and invested at least $1.3 billion. 

Anil Ambani’s Home

Based on his financial strength over the years, former billionaire Anil Ambani could possibly own several homes in India and abroad. But his best-known official residence is the one located at Pali Hill in the Western Part of Mumbai.

The lucrative home is spread over an area of about 16,000 square feet. The property is said to have 17 floors and is about 66 meters high. 

Several media reports also indicate that it has a helipad, some helicopters, and high-end amenities, including a gymnasium, an open swimming pool, and a vast garage hosting a collection of family cars.

Anil Ambani’s home is one of the most expensive homes in India. It is valued at Rs 5,000 crore. 

Ambani’s Cars

Media reports indicate that Anil Ambani owns luxurious cars, including

• Mercedes-Benz S-Class
• Rolls Royce Phantom
• Range Rover Vogue
• Lamborghini Gallardo
• Toyota Fortuner.

What Next For Anil Ambani

Anil Ambani has been busy handling legal battles in court lately. However, after concluding the cases, expect the business mogul to invest billions of dollars in various lucrative markets, including stalk and entertainment markets in India and abroad.

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