Mukesh Ambani and Anil Ambani are brothers who are leading businessmen of India. They both head two business conglomerates which till recently were one entity. After their division, they now have separate business entities.
Personal Life of Anil and Mukesh Ambani
Mukesh Ambani was born on April 19, 1957 in Yemen to Hindu parents. His father is the Late Dhirubhai Ambani, founder of the Reliance group. Anil Ambani was born on June 4,1959 and is Mukesh's younger brother with the same parentage. Mukesh Ambani is married to Nita Ambani and they have three children while Anil is married to Tina Ambani, former Bollywood actress, they have 2 children.
Educational Background for Anil Ambani vs Mukesh Ambani
Anil Ambani holds a Bachelor of Science degree from the University of Bombay 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. Mukesh Ambani holds a Bachelor of Chemical Engineering from the University Department of Chemical Technology (UDCT), which is currently known as University of Mumbai, Institute of Chemical Technology (UICT). He began the MBA program at Stanford Business School, but dropped out after his first year in order to assist in his father's ongoing efforts to build the Patalganga petrochemical Plant.
Career of Anil and Mukesh Ambani
Anil Ambani 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.
Mukesh Ambani joined Reliance in 1981 and initiated Reliance's backward integration from textiles into polyester fibers and further into petrochemicals. In this process, he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance's manufacturing capacities from less than a million tonnes to twelve million tonnes per year.
He directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, Gujarat, India, with a present capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $26 billion USD).
Mukesh Ambani set up one of the largest telecommunications companies in India in the form of Reliance Communications (formerly Reliance Infocomm) Limited.
The feud between the brothers
A feud broke between the two brothers who were heirs to the multi billion dollar Reliance Group after their father's death in 2002. It was their mother who was finally able to broker a truce. Mukesh kept the group’s petrochemicals flagship, Reliance Industries(RIL), Indian Petrochemicals Corp Limited, Reliance Petroleum and Reliance Industrial Infrastructure Ltd (RIIL) and kept the Reliance name. Anil formed the Anil Dhirubhai Ambani Group(ADAG) with Reliance Communications (RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd (RNRL) forming the group.
Present Relationship between Anil and Mukesh Ambani
The net worth of Mukesh Ambani rose to $55.8 billion in October 2007 following a sharp rise in the stock price of three of his companies. Mukesh Ambani's RIL is India's most valued company. He is the group Chairman and the largest shareholder of RIL. He is the richest Indian in the world and the fifth richest person alive.
Anil Ambani's net worth was $35 Billion in October 2007. Anil Ambani's wealth comes mostly from his over 65% stake in RCOM, which has a market cap of about Rs 1,03,000 crore. He also has over 50% in RCL (market cap of Rs 24,000 crore), 35% in REL (market cap of Rs 12,700 crore) and close to 54% in RNRL, which has a market cap of about Rs 2,600 crore.
Wealth of Anil Ambani vs Mukesh Ambani
The combined market capitalization of the four Mukesh Ambani Group companies -- Reliance Industries, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd (RIIL) has crossed the Rs 500,000 crore mark. The total promoter holding in these companies is worth over Rs 200,000 crore (US$ 50 billion). On 26th Sept 2007, Ambani was declared 5th richest person in the world, next to Carlos Slim Helú, Bill Gates and Warren Buffet. As of 5th October 2007, his net worth was calculated at $55.8 billion, making him world's 3rd wealthiest person after Carlos Slim Helú ($68b) and Bill Gates ($59 b).On 29th October 2007, as a result of a rally in the share prices of his companies, Ambani was declared the richest man in the world by the Indian news media, who pegged his net worth at US$63.2 billion. However, Reliance Industries clarified a day later that Ambani was not the richest man in the world, and that calculations regarding his wealth were incorrect.
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 Ambani'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.
Business Philosophy of Mukesh vs Anil Ambani
Mukesh Ambani has always been touted as the next Dhirubhai Ambani with skills and business styles in matching with the Reliance founder. Ambani's Reliance group always believes in doing things on a large scale with Reliance Retail and Reliance Petroleum projects being two examples. Anil Ambani, on the other hand, forms the new line of businessmen with expertise in Finance. He is believed to follow new age business principles in running his ADAG group companies.
Political Careers of the brothers
While Mukesh Ambani has never been directly involved in politics, Anil Ambani was elected as an Independent Member of the Rajya Sabha - Upper House, Parliament of India in June 2004 with the support of the Samajwadi Party. But in March 2006, he resigned from the post.
- He is the Fourth Richest person in the world
- Conferred the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington.
- Ranked 42nd among the World's Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in [Financial Times]
- Ranked 13th in Asia's Power 25 list of The Most Powerful People in Business published by Fortune magazine, August 2004.
- Conferred the Asia Society Leadership Award by the Asia Society, Washington D.C., USA, May 2004.
- Ranked No.1 for the second consecutive year, in The Power List 2004 published by India Today, March 2004
- Recorded as the first Trillionaire in India, June 2007
- Declared the 6th richest person in the world.
- Has shifted business scope from traditional businesses and has bought the entertainment industry under the ADAG tag with companies like Adlabs, Zapak, BIG FM, Bigadda etc.
- Voted Businessman of the Year 2006 by Times of India-TNS poll.
- 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.