Anil Ambani
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| Anil Ambani | |
| Image:Http://www.wharton.upenn.edu/alum mag/issues/125anniversaryissue/img/lg/ambani.jpg |
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| Born | June 4, 1959  Mumbai, India |
|---|---|
| Residence | Mumbai, India |
| Occupation | Chairman, Anil Dhirubhai Ambani Group |
| Net worth | ▲ US$42 billion , see List of billionaires (2008) |
| Spouse | Tina Munim |
| Website http://www.relianceadagroup.com |
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Anil Ambani(born June 4, 1959) is an Indian businessman. As of October 6th 2007, he has a net-worth of US$45 billion, making him the 6th richest person in the world. His was the world's fastest-growing multi-billion-dollar fortune in percentage terms as his wealth tripled in 1 year. [1]
Ambani is the chairman of Reliance Capital, Reliance Communications and Chairman & Managing Director, Reliance Energy, and was formerly Vice Chairman and Managing Director of Reliance Industries Limited. His personal stake in Reliance Communications is 66%.[1]. Reliance group is India's largest business house, founded by Anil's late father Dhirubhai Ambani (1938-2002). His mother is Kokilaben Ambani. He is married to Tina Ambani (Munim) who was a well known Indian Actress in early 80's, and with whom he has two sons, Jai Anmol and Jai Anshul.
The total investors' wealth in the four Anil Ambani Group firms -- Reliance Communications (RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd (RNRL) has reached 1,42,384 crore rupees, while total promoter holding is estimated at about Rs 87,000 crore. Anil's wealth comes mostly from his over 65 per cent stake in RCOM, which has a market cap of about Rs 1,03,000 crore. He also has over 50 per cent in RCL (market cap of Rs 24,000 crore), 35 per cent in REL (market cap of Rs 12,700 crore) and close to 54 per cent in RNRL, which has a market cap of about Rs 2,600 crore.[2].
As of 6th October 2007, his net worth was calculated at $45 billion. [2]
Ambani holds a Bachelor of Science degree from the University of Mumbai and an MBA degree from The Wharton School at the University of Pennsylvania. Currently, he serves as a member of the Wharton Board of Overseers.
Ambani joined Reliance in 1983 as Co-Chief Executive Officer and is credited with having pioneered many financial innovations in the Indian capital markets. For example, he led India's first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. He directed Reliance in its efforts to raise, since 1991, around US$2 billion from overseas financial markets; with a 100-year Yankee bond issue in January 1997 being the high point, after which people regarded him as a financial wizard[citation needed]. He has steered the Reliance Group to its current status as India's leading textiles, petroleum, petrochemicals, power, and telecom company.
Anil was the member of Uttar Pradesh Development Council (This council has now been scrapped) He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar and a member of the Board of Governors of the Indian Institute of Technology, Kanpur. He is member of the Board of Governors, Indian Institute of Management, Ahmedabad. He is also a member of the Central Advisory Committee, Central Electricity Regulatory Commission. In June 2004, Anil was elected as an Independent Member of the Rajya Sabha - Upper House, Parliament of India with the support of the Samajwadi Party. In March 2006, he resigned. Recently after his brother Mukesh Ambani he also has his name in the books of Trillionaires.[citation needed]
Anil has been linked with several starlets in his long career including his current wife of more than 15 years. He is a close friend of movie star Amitabh Bachchan[citation needed] . One of his major achievements in the entertainment industry is the takeover of Adlabs, the movie production to distribution to multiplex company that owns Mumbai's only dome theatre.
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[edit] Awards
- Voted Businessman of the Year 2006 by Times of India-TNS poll [3]
- Adjudged as the CEO of the Year at the prestigious Platts Global Energy Awards for 2004.
- Voted 'MTV Youth Icon of the Year', September 2003.
- Conferred 'The Entrepreneur of the Decade Award' by the Bombay Management Association, October 2002.
- Awarded the First Wharton Indian Alumni Award by the Wharton India Economic Forum (WIEF) in recognition of his contribution to the establishment of Reliance as a global leader in many of its business areas, December 2001.
- Conferred the 'Businessman of the Year 1997' award by India's leading business magazine Business India, December 1997.
[edit] Trivia
- Ambani is married to former Bollywood actress Tina Munim.
- He has two sons who currently study at the Cathedral and John Connon School in Mumbai and Sevenoaks School near London and not the family owned Dhirubhai Ambani International School.
- Ambani once weighed 115kgs, but upon being ridiculed for his weight in a boardroom meeting, he lost weight and is now a self-proclaimed "fitness freak."
- Anil's close friend circle includes Bollywood superstar Amitabh Bachchan and politician Amar Singh, among many other prominent Indian socialities, filmstars and businessmen.
- In 2006, his group company NIS Sparta saw big movement of senior people joining Bharti.
- He is of Sindhi descent, a socio-ethnic group in India.
[edit] See also
[edit] References
- ^ Forbes Anil ambani (HTML). forbes. Retrieved on 2007-03-09. “Year 2007 .”
- ^ Mukesh Ambani becomes trillionaire, Anil close behind (HTML). HT. Retrieved on 2007-05-27. “Year 2007 .”
[edit] External links
- ADAG Cheating Investors
- Dhirubhai Ambani
- Dhirubhai Ambani Institute of Information and Communication Technology
- Forbes.com: Forbes World's Richest People
- Mukesh Ambani- Brother of Mr. Anil Ambani.
- Reliance ADAG
- Reliance India Call
- Reliance Communications
- Reliance Energy
- Reliance Capital
- Reliance World
- Reliance Life Insurance
- Reliance General Insurance
- Reliance Mutual Fund
- Reliance Portfolio Management
- Reliance Natural Resources
- Reliance Technology Ventures Ltd
- Reliance Money
- Reliance Health
- Adlabs Films
- Adlabs Cinemas
- Anil Ambani Plans Big Indian Media Venture
