Anil Ambani Net Worth is $0 Million (Rs. 0 Crores): It is said there are no businesses man across the globe as that of Gujarati’s. The chairman and founder of Reliance group Mr. Anil Ambani is also one of them; he is regarded as one of India’s most influential people across the globe. Anil Ambani was once richer than his elder brother, but now net worth is 0; The country’s richest person Mukesh Ambani now has such a net worth around $90 Billion.
Mr. Anil Ambani and his Reliance Group hold a pivotal role in the ongoing economic transformations in India. With such a huge empire, Mr. Anil Ambani is among the richest Indian and the man behind the rise of such a large company. Also read Net Worth details of Mark Zuckerberg, Bill Gates Net Worth, Salman Khan and Sundar Pichai. check out net worth of Anil Ambani from below…
13 March 2006, This was the day when a big merger took place in Anil Ambani’s telecom company. On this day in the board meeting, it was decided that Reliance Infocomm would merge with Reliance Communication Venture Limited. This led to Reliance Communication Venture Limited’s share price rising 67%. As a result of this, Anil Ambani’s net worth on this day was 45 thousand crores. Whereas, the net worth of elder brother Mukesh was 37 thousand 825 crore rupees on that day.
In March 2005, Mukesh Ambani and Anil Ambani had a combined net worth of $ 7 billion. Before that, both had a combined net worth of $ 6 billion in 2004. Whereas, in 2003 only $ 2.8 billion. Meaning that Mukesh and Anil’s net worth had increased by two and a half times in two years of taking over the business.
Here, we will discuss Mr. Anil Ambani, who is one of the richest Indian, his businesses across the globe, investments, charity, and social work, and most importantly the wealth and net worth of the individual.
Anil Ambani Net Worth
Actually, this period of ups and downs was seen in the year 2007. According to Forbes magazine, Anil’s net worth was then $45 billion, while the elder brother was at $49 billion in this case. Time changed and he went further backward. At present his net worth is zero. Anil Dhirubhai Ambani Group (ADAG) said during the hearing of a case filed against Reliance Communication on behalf of the Chinese debtor in a UK court, “His net worth is zero and he is almost bankrupt.”
Since 2006, Mukesh Ambani’s net worth has increased more than 9 times. Whereas, in February 2020, in a UK court, Anil Ambani has said that his net worth is zero and he has gone bankrupt.
The total net worth of Mr. Anil Ambani is estimated to be $0 Million USD, which in Indian Currency is approximately equal to 0,00.00 Indian Rupee (i.e. approx Zero INR).
Apart from such a massive wealth and net worth, Mr. Ambani always believes in charity, his company and he himself works for the rural development and education of the poor. Also he is among the highest tax payers in the country.
Anil Ambani Story
Anil Ambani had telecom, power and energy business, which was believed to be a guarantee of success in the new era. In these sectors, he wanted to become a big player of the country and he made many ambitious plans, but due to lack of accurate planning, he had to face huge losses instead of profits. In the year 2008, Anil Ambani was on the sixth position in the list of the world’s top rich on the basis of the companies that came to him near the partition, whereas today the situation is that his companies are on the verge of being sold. Let us understand in five points that what were the major reasons for their destruction.
Reasons Why Anil Ambani Failed
First Reason
When Anil Ambani got the new-age business, he hastened to take forward the business without proper planning, which cost him a lot. Without any preparation, he kept investing money in new projects one after the other.
Second Reason
At that time, in the new projects in which Anil Ambani was betting to become the king of the telecom sector, the cost was more than expected and the returns were negligible. This is one of the major reasons for his downfall.
Third Reason
According to experts, one of the many reasons for Anil Ambani’s downfall was his lack of focus on any one business and he kept jumping from one business to another. Due to the flaw in the implementation, a lot of money was spent in many of his projects.
Fourth Reason
Due to cost overruns, he had to raise additional equity and borrow from creditors to complete the projects. The debt burden kept on increasing and the projects in which he invested the loan money, could not get returns from them.
Fifth Reason
Most of the business-related decisions by Anil Ambani were taken in a fit of ambition. Apart from this, he was interested in jumping into the competition without any strategy. Due to this, the burden of debt and the global recession of 2008 did not even give them time to rise again.
Mr. Anil Ambani owns:
- Reliance Capital
- Reliance Communications Limited
- Kokilaben Dhirubhai Ambani Hospital.
- Reliance Infrastructure Limited
- Reliance Entertainment
- And Reliance Power
Apart from such a huge empire, Mr. Anil Ambani believes to build a global enterprise, a great future for our country and to give millions of young Indians the means to realize their potential and Destiny.
Mr. Anil Ambani’s Assets:
Anil Ambani House: Mr. Ambani resides in a luxurious home which he bought in the year 2010 in Mumbai, India. Also, he owns multiple real-estate properties across India.
Anil Ambani Cars: Mr. Ambani has a huge collection of luxury cars in the world, which includes brands like Range Rover, Audi, BMW, Lamborghini, Rolls Royce, Jaguar and Mercedes Benz.
Average Annual Income and investments:
| Estimated Net Worth 2022 | $0 Million |
| Estimated Net Worth 2021 | $0 Million |
| Estimated Net Worth 2020 | $0 Million |
| Estimated Net Worth 2019 | $3 Million |
| Estimated Net Worth 2018 | Rs. 109 Crores |
| Estimated Net Worth 2017 | Rs. 309 Crores |
| Average Annual Income | Rs. 186 Crores |
| Personal Investments | Rs. 195 Crores |
| Luxury cars | Rs. 20 Crores |
India’s Rich list Rank: Let us have a look at the facts about Mr. Anil Ambani and his ranking among the richest Indians for the last few years.
- #32 India Rich List 2016
- #29 India Rich List Rank 2015
- #13 India Rich List Rank 2014
- #11 India Rich List Rank 2013
Update on Mr. Anil Ambani’s Net Worth:
Recently, a London court ordered Ambani to deposit $ 100 million in six weeks for violating the personal guarantee of his $ 69.5 million return to three Chinese banks. At the same time, Ambani informed the court that they are unable to do so as the total value of their assets (net worth) is zero. He told the court, “The value of my investments has fallen and the net worth of my assets is zero in view of the liabilities.”
I do not have any valuable assets that can be sold to meet this action target. ”In 2012, these three banks — China Development Bank, The Exim Bank of China and Industrial and Commercial Bank of China — gave RCom Had a loan of $ 92.5 million. Banks argue that this loan was given on Ambani’s personal guarantee. Ambani argued that when he issued a non-binding ‘comfort letter’, it was not guaranteed to repay the loan from his personal property.
At the same time, another firm of Anil Ambani, Reliance Infrastructure, owed Rs 6,000 crore to the banks till September 2019. Regarding this company operating in the field of engineering and construction as well as government defense contracts, Ambani says that its goal will now be to reduce its assets and capital. This company has reported loss of Rs 913 crore in the financial year 2018-19.
About Mr. Anil Ambani:
Following are some of the interesting facts about Mr. Anil Ambani:
Mr. Anil Ambani was born on 4thJune, 1959. His full name is Anil Dhirubhai Ambani. He completed his Graduation in Bachelor of Science from K. C. College, Mumbai University and MBA at Wharton University of Pennsylvania.
He is married to former actress – Tina Munim and has two sons – Jai Anmol and Jai Anshul.
Mr. Anil Ambani is a long distance marathon runner and has been running for nearly 15 years. He has successfully participated in over 50 half and full marathons, also he is a nature and wildlife conservationist and deeply spiritual.
Not many of us knew that Mr. Anil Ambani was elected in 2004 for a six-year term as an independent member of the Rajya Sabha, the Upper House of India’s Parliament.
Recognitions and Honours:
Mr. Ambani was Selected by Asia week magazine for its list of ‘Leaders of the Millennium in Business and Finance’ and was introduced as the only ‘new hero’ in Business and Finance from India.
He was also awarded the First Wharton Indian Alumni Award by the Wharton India Economic Forum (WIEF).
He is rated as one of “India’s Most Admired CEO’s” by Business Barons.
Also he was Conferred “The Entrepreneur of the Decade Award” by the Bombay Management Association.
He is also the humble human being and respects others achievements a lot. Once when Dhanraj Pillai met him and asked for his autograph, he said he would only agree to do so if he also received Pillai’s autograph in return.
At the end, we wish Mr. Anil Ambani a successful year ahead with lots of achievements and a good health filled with lots of love.
Recommended Articles
