Anil Ambani: Difference between revisions

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{{short description|Chairman of Reliance ADA Group|bot=PearBOT 5}}
{{short description|Chairman of Reliance Group}}
{{Use Indian English|date=June 2021}}
{{Use Indian English|date=June 2021}}
{{Use dmy dates|date=October 2020}}
{{Use dmy dates|date=October 2020}}
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| nationality        = <!-- Do not add nationality as it can be deduced from birth place as per WP:INFONAT -->
| nationality        = <!-- Do not add nationality as it can be deduced from birth place as per WP:INFONAT -->
| residence          = Sea Wind Building<ref name=EconomicTimes>{{Cite web|url=https://economictimes.indiatimes.com/coming-up-in-bandras-palli-hill-anil-ambanis-new-house/articleshow/7046365.cms?from=mdr|title=Coming up in Bandra's Palli Hill: Anil Ambani's new house|website=Economic Times}}</ref>
| residence          = Sea Wind Building<ref name=EconomicTimes>{{Cite web|url=https://economictimes.indiatimes.com/coming-up-in-bandras-palli-hill-anil-ambanis-new-house/articleshow/7046365.cms?from=mdr|title=Coming up in Bandra's Palli Hill: Anil Ambani's new house|website=Economic Times}}</ref>
| alma_mater          = {{Unbulleted_list|[[Kishinchand Chellaram College|Kishinchand Chellaram College, Mumbai]]<br>{{small|([[Bachelor of Science]])}}|[[University of Pennsylvania]]<br>{{small|([[Master of Business Administration]])}}}}
| alma_mater          = {{Unbulleted_list|[[Kishinchand Chellaram College|Kishinchand Chellaram College, Mumbai]]<br>{{small|([[Bachelor of Science]])}}|[[Wharton School of the University of Pennsylvania]]<br>{{small|([[Master of Business Administration]])}}}}
| occupation          = Businessman
| occupation          = Businessman
| net_worth          = {{USD|82.5 million}} in assets against {{USD|305 million}} in liabilities (February 2020)<ref>{{cite web|url=https://timesofindia.indiatimes.com/business/india-business/anil-ambani-tells-uk-court-his-net-worth-is-zero-despite-fleet-of-cars-private-jet-and-yacht/articleshow/74017394.cms |title=Anil Ambani tells UK court his 'net worth is zero'}}</ref>
| office2            = [[Member of Parliament, Rajya Sabha]]
| office2            = [[Member of Parliament, Rajya Sabha]]
| constituency2      = [[Uttar Pradesh]]
| constituency2      = [[Uttar Pradesh]]
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In February 2020, Anil Ambani was locked in a legal battle with 3 Chinese banks. He was asked to set aside {{USD|100 million}} by the court which led him to make the statement that his net worth is currently zero after considering his liabilities.<ref>{{Cite news|title=One-time billionaire Anil Ambani says he's now worth nothing|work=The Economic Times|url=https://economictimes.indiatimes.com/news/company/corporate-trends/onetime-billionaire-says-hes-now-worth-nothing/articleshow/74019910.cms?from=mdr|access-date=2020-10-06}}</ref> The dispute still rages on with the UK court ordering him to pay the 3 Chinese banks to the tune of {{USD|716 million}}.<ref>{{Cite web|date=2020-06-24|title=UK court order to pay 3 China banks: Anil Ambani denies giving any personal guarantee|url=https://www.financialexpress.com/industry/uk-court-order-to-pay-3-china-banks-anil-ambani-denies-giving-any-personal-guarantee/2001496/|access-date=2020-10-06|website=The Financial Express|language=en-US}}</ref>
In February 2020, Anil Ambani was locked in a legal battle with 3 Chinese banks. He was asked to set aside {{USD|100 million}} by the court which led him to make the statement that his net worth is currently zero after considering his liabilities.<ref>{{Cite news|title=One-time billionaire Anil Ambani says he's now worth nothing|work=The Economic Times|url=https://economictimes.indiatimes.com/news/company/corporate-trends/onetime-billionaire-says-hes-now-worth-nothing/articleshow/74019910.cms?from=mdr|access-date=2020-10-06}}</ref> The dispute still rages on with the UK court ordering him to pay the 3 Chinese banks to the tune of {{USD|716 million}}.<ref>{{Cite web|date=2020-06-24|title=UK court order to pay 3 China banks: Anil Ambani denies giving any personal guarantee|url=https://www.financialexpress.com/industry/uk-court-order-to-pay-3-china-banks-anil-ambani-denies-giving-any-personal-guarantee/2001496/|access-date=2020-10-06|website=The Financial Express|language=en-US}}</ref>
In October 2021, Anil Ambani was named in the Pandora Papers.<ref>{{Cite news|last=Indian|first=Express|date=4 October 2021|title=After Panama, it's Pandora: facing regulatory heat, elite Indians find new ways to ringfence wealth in secret havens|language=English|work=[[Indian Express]]|url=https://indianexpress.com/article/express-exclusive/pandora-papers-exclusive-how-elite-indians-ringfence-wealth-7550012/|access-date=4 October 2021}}</ref>


==Personal life==
==Personal life==
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==Allegations of political connections==
==Allegations of political connections==
In 2018, India's principal opposition party, [[Indian National Congress]], accused [[Prime Minister of India|Prime Minister]] [[Narendra Modi]] of favouring Anil Ambani's defence manufacturing company over [[Hindustan Aeronautics Limited|HAL]], a public sector enterprise, in a fighter aircraft deal worth {{INRConvert|58,000|c|lk=|year=2018}}with French manufacturing firm [[Dassault]]. Ambani, several of whose companies are debt-ridden, has denied all charges of benefiting from crony capitalism. In factual terms, Reliance Defence stood to get just over 3 per cent of the {{INRConvert|30,000|c|year=2018}}Dassault Aviation offsets contract, contrary to the impression that it was to be the biggest beneficiary of the Rafale fighter jet deal.<ref>{{Cite news|last=Pubby|first=Manu|title=Rafale deal: Reliance Defence to get 3% of Rs 30,000 crore offset|work=The Economic Times|url=https://economictimes.indiatimes.com/news/defence/reliance-defence-to-get-3-of-rs-30000-crore-offset/articleshow/66228334.cms?utm_source=contentofinterest&utm_medium=|access-date=2020-10-06}}</ref>
In 2018, India's principal opposition party, [[Indian National Congress]], accused [[Prime Minister of India|Prime Minister]] [[Narendra Modi]] of favouring Anil Ambani's defence manufacturing company over [[Hindustan Aeronautics Limited|HAL]], a public sector enterprise, in a fighter aircraft deal worth {{INRConvert|58,000|c|lk=|year=2018}} with French manufacturing firm [[Dassault]]. Ambani, several of whose companies are debt-ridden, has denied all charges of benefiting from [[crony capitalism]]. In factual terms, Reliance Defence stood to get just over 3 per cent of the {{INRConvert|30,000|c|year=2018}} Dassault Aviation offsets contract, contrary to the impression that it was to be the biggest beneficiary of the Rafale fighter jet deal.<ref>{{Cite news|last=Pubby|first=Manu|title=Rafale deal: Reliance Defence to get 3% of Rs 30,000 crore offset|work=The Economic Times|url=https://economictimes.indiatimes.com/news/defence/reliance-defence-to-get-3-of-rs-30000-crore-offset/articleshow/66228334.cms?utm_source=contentofinterest&utm_medium=|access-date=2020-10-06}}</ref>


In a possibly related controversy, one of his businesses partly financed a French film in which former [[President of France|French president]] [[François Hollande|Francois Hollande]]'s then-partner had acted around the same time the aircraft deal was being negotiated.<ref>{{cite web|url=https://indianexpress.com/article/india/rafale-controversy-reliance-entertainment-francois-hollande-bjp-narendra-modi-india-france-5376140/ |title=Rafale row: Reliance Entertainment confirms it paid 1.4 million Euros for film by Hollande's partner through partner|date=27 September 2018|work=The Indian Express}}</ref>
In a possibly related controversy, one of his businesses partly financed a French film in which former [[President of France|French president]] [[François Hollande|Francois Hollande]]'s then-partner had acted around the same time the aircraft deal was being negotiated.<ref>{{cite web|url=https://indianexpress.com/article/india/rafale-controversy-reliance-entertainment-francois-hollande-bjp-narendra-modi-india-france-5376140/ |title=Rafale row: Reliance Entertainment confirms it paid 1.4 million Euros for film by Hollande's partner through partner|date=27 September 2018|work=The Indian Express}}</ref>
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[[Category:Former billionaires]]
[[Category:Former billionaires]]
[[Category:Hill Grange High School alumni]]
[[Category:Hill Grange High School alumni]]
[[Category:People named in the Pandora Papers]]
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