Anil Dhirubhai Ambani

NameAnil Ambani Born on4th June 1959 Place of BirthMumbai, Maharashtra Educated from University of Mumbai,University of Pennsylvania Works forDhirubhai Ambani Group Personal Wealth$8.8 billion PositionChairman Age 53 Married toTina Ambani

At a Glance Source of Wealth: diversified Country of Citizenship: India Marital Status: Married Children: 2

Anil Ambani Chairman, Reliance ADA Group An MBA from the Wharton School of the University of Pennsylvania, Anil Dhirubhai Ambani is the non executive Chairman of the company. He also heads Reliance Communications, Reliance Capital, Reliance Infrastructure and Reliance Natural Resources Limited. In 2006, he was voted ‘Businessman of the Year’ by Times of India newspaper.

Anil Ambani’s Educational Background & Qualification Anil Ambani has taken his Bachelor’s degree at University of Bombay and after that he went for MBA in Wharton School at University of Pennsylvania, USA. This shows that, Anil Ambani is a highly educated billionaire. Many Billionaires around the world are drop out billionaires but Anil Ambani is not among them. He has excellent educational qualification and Background. Anil Ambani is a Forbes Billionaire and his majority of fortune comes from his 66% stake in Reliance Communications (RCOM).

Reliance group was founded by Dhirubahi Ambani in 1966 as a polyester firm. Dhirubhai started the equity cult in India. Reliance later entered into financial services, petroleum refining, power sector. By 2002 Reliance had grown into a $15 billion conglomerate. After the death of Dhirubhai Ambani on July 6, 2002, Reliance was headed by his sons. The group was formed after the two feuding brothers Mukesh Ambani and Anil Ambani, split Reliance Industrias. Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy, Reliance Capital and RNRL. This led to a new beginning called RELIANCE. Later this group entered the power sector through Reliance Power, and the entertainment sector by acquiring Adlabs.

Younger Ambani brother was poorer by $2.6 billion, continuing a three-year decline in his fortune. He's reportedly negotiating to lease his telecom towers with brother Mukesh's Reliance Industries, a deal that is likely to help Reliance Communications, his debt-laden telecom unit. He's partnering China's Dalian Wanda Group in a property venture. He recently sold shares in Reliance Power to bring down holding as per a regulatory requirement. Reliance Capital concluded the sale of a 26% stake in its asset management arm to Japan's Nippon Life for $275 million in August. Group's entertainment arm Reliance MediaWorks bought 30% stake in Digital Domain, a Hollywood special effects firm owned by film maker James Cameron, at a bankruptcy auction in September. His Reliance-DreamWorks Studios' Jv with Steven Spielberg got 2 Academy Awards for their film Lincoln. In January, he co-hosted a party at Mukesh's sky palace in Mumbai for their niece's wedding. Profile

Ambani joined Reliance Industries, 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. [citation needed] 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$2 billion from overseas financial markets; with a 100-year Yankee bond issue in January 1997 being the high point, after which people regarded him as a financial wizard [citation needed]. He along with his brother, Mukesh Ambani, has steered the Reliance Group to its current status as India's leading textiles, petroleum, petrochemicals, power, and telecom company.( [citation needed] ) [citation needed] He is a close friend of movie star Amitabh Bachchan and Subrata Roy. One of his major achievements in the entertainment industry is the takeover of Adlabs, the movie production to distribution to multiplex company that owns India's only dome theatre and the recently announced joint venture worth US$ 825 million with Steven Spielberg. [citation needed]Reliance IndustriesDhirubhai Ambanicitation neededYankee bondcitation needed citation neededAmitabh BachchanSubrata RoyAdlabsSteven Spielbergcitation needed He has been embroiled in a dispute with his brother, Mukesh Ambani, over the supply of gas from the latter's KG basin. [citation needed]citation needed He recently topped Business Sheet's "world's biggest loser" list of business leaders who lost money in the late 2000s recession, [6] losing $32.5 billion in 2008, which brought him out of the top ten list to number 34 in [6] Career

Endeavors 1)In 1983, Anil Ambani joined Reliance, a conglomerate company founded by his late father, as the Co-Chief Executive Officer. He has also pioneered in initiating many financial innovations in the Indian capital market, some of which were leading India's first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. 2) Under his leadership Reliance has been raising around US$2 billion from the overseas financial markets, since ) The 100-year Yankee bond was launched under his leadership. The two Ambani brothers took Reliance Group to great heights and due to their effort and intelligence it enjoys its current status as India's leading textiles, petroleum, petrochemicals, power and telecommunication company. 4) Anil Ambani was also elected as the Independent Member of the Rajya Sabha- Upper Sabha, Parliament of India with the support of the Samajwadi Party, in June 2004.

The Beginning It all started when Anil Ambani was said to be embroiled in a dispute with his brother, Mukesh Ambani, over the supply of gas which led to the split of the Reliance Group and after which Anil Ambani founded the “Anil Dhirubhai Ambani Group”. Anil Ambani is the Chairman of Reliance Communications, Reliance Capital, Reliance Energy, and Reliance Natural Resources Limited. Conjugal Relationship Anil Ambani is married to Indian Bollywood Actress, Tina Munim and has two sons, Anmol and Anshul. Tina Ambani, wife of this powerful scion of the Corporate India, is also the Managing Director of Reliance Industries. She has worked in the film industry for about 10 years.