Anil Ambani

Infobox Celebrity


image_size =
name = Anil Ambani
birth_date = birth date and age|1959|6|4
birth_place = Mumbai, India
death_date =
death_place =
occupation = Chairman, Anil Dhirubhai Ambani Group
networth = gain US$42 billion , see List of billionaires (2008)
residence = flagicon|IND Mumbai, India
spouse = Tina Munim
website = http://www.relianceadagroup.com
footnotes =

Anil Ambani (born June 4,1959) is an Indian businessman. As of October 6th 2007, he has a net-worth of US$42 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.Fact|date=October 2008

During 2006-current, he's also in the limelight due to his increasing disputes with his own brother Mukesh Ambani.Fact|date=October 2008

Introduction

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%. [cite web |url=http://www.forbes.com/lists/2007/10/07billionaires_Anil-Ambani_VX6G.html |title=Forbes Anil ambani |accessdate=2007-03-09 |format=HTML |publisher=forbes|quote=Year 2007 . ] . 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. He has been linked with buying Newcastle United and Everton premier league football clubs.

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.His net worth subsequently plunges by over 60% owing to poor stock market condition in India led by ADAG stocks. [cite web |url=http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=ddf05d90-ab39-48e0-bd98-e11a6f47dfc2&MatchID1=4465&TeamID1=10&TeamID2=6&MatchType1=1&SeriesID1=1109&MatchID2=4467&TeamID3=2&TeamID4=4&MatchType2=1&SeriesID2=1110&PrimaryID=4465&Headline=Mukesh+Ambani+becomes+India's+only+trillionaire |title=Mukesh Ambani becomes trillionaire, Anil close behind |accessdate=2007-05-27 |format=HTML |publisher=HT|quote=Year 2007 . ] .

Education

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.

Career

Ambani joined Reliance, the company founded by his late father Dhirubhai Ambani, 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 wizardFact|date=January 2008. 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 list of Indian Trillionaires(In terms of Indian Rupee).Fact|date=July 2007

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 BachchanFact|date=January 2008 . 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.

Awards

*Voted Businessman of the Year 2006 by Times of India-TNS poll [http://www.relianceadagroup.com/adportal/ADA/media/businessman_year.html]

*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.

Criticism and allegations

Involvement in Notes-for-Vote scandal

Prominent British think-tank Oxford Analytica quotes [http://economictimes.indiatimes.com/Rivalry_between_Ambani_siblings_affecting_economy/articleshow/3455058.cms] :cquote
"When four Marxist parties forced a confidence vote (held on July 22) by withdrawing their support over the issue of a nuclear energy deal with the US, Anil played an important role in securing the requisite backing to keep the government intact -- at a cost estimated at some three million dollars per vote," it added.

"Where the SP's rapprochement with the ruling Congress Party will leave Mukesh and the older Reliance Industries is now a matter of open conjecture."

Economic Times noted [http://economictimes.indiatimes.com/Anil_Ambani_becomes_richer_by_Rs_27000_cr_after_SP-UPA_realignment/articleshow/3278535.cms] :cquote
Since July 7, when it became clear that Amar Singh, who is considered to be close to Anil Ambani, and his Samajwadi Party (SP) would support the government, the market capitalisation of Anil's holdings in six companies increased by 24% to Rs 1,41,415 crore. That means, he became richer by almost Rs 27,000 crore [~ USD 7 billion] .

English Premier League

Ambani was in talks with Everton officials over a deal to takeover the club. ref>cite web|url=http://www.liverpooldailypost.co.uk/everton-fc/everton-fc-news/2008/09/13/indian-tycoon-anil-ambani-sets-his-sights-on-buying-everton-64375-21809389/|title=Indian Tycoon Anil Ambani sets his sights on buying Everton] [http://www.mirror.co.uk/sport/football/2008/09/29/exclusive-everton-targetted-for-take-over-by-indian-tycoon-worth-20billion-115875-20760882/]

ee also

*List of billionaires
*Anil Dhirubhai Ambani Group

References

External links

* [http://birlaa.com/index.php?s=reliance Latest News on Reliance ]
* [http://www.daiict.ac.in Dhirubhai Ambani Institute of Information and Communication Technology]
* [http://www.forbes.com/finance/lists/10/2004/LIR.jhtml?passListId=10&passYear=2004&passListType=Person&uniqueId=NY3A&datatype=Person Forbes.com: Forbes World's Richest People]
* [http://www.relianceadagroup.com Reliance ADAG]
* [http://www.relianceindiacall.com Reliance India Call]
* [http://www.reliancecommunications.co.in Reliance Communications]
* [http://www.rel.co.in Reliance Energy]
* [http://www.reliancecapital.co.in Reliance Capital]
* [http://www.relianceworld.in Reliance World]
* [http://www.reliancelife.co.in Reliance Life Insurance]
* [http://www.reliancegeneral.co.in Reliance General Insurance]
* [http://www.reliancemutual.com Reliance Mutual Fund]
* [https://www.reliancepms.com/ Reliance Portfolio Management]
* [http://www.rnrl.in/rnrlportal/home.jsp Reliance Natural Resources]
* [http://www.rtvl.co.in Reliance Technology Ventures Ltd]
* [http://www.reliancemoney.com Reliance Money]
* [http://www.reliancehealth.co.in Reliance Health]
* [http://www.adlabsfilms.com Adlabs Films]
* [http://www.adlabscinemas.com Adlabs Cinemas]