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Legends > Anil Ambani
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Introduction: As of March 2007, Anil Ambani has a net-worth of US$ 18.2 billion, making him the 18th 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.Ambani is 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).
With Reliance: Anil 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.He has steered the Reliance Group to its current status as India's leading textiles, petroleum, petrochemicals, power, and telecom company.
Anil is the member of Uttar Pradesh Development Council.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.
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Ambani is married to former Bollywood actress Tina Munim.