Anil Ambani was bankrupt, lost all his money, didn't have money to pay lawyers fees, but never thought of selling this rare thing, it's worth Rs…, thing is…
Companies like Reliance Power and Reliance Infrastructure are now beginning to recover. With new projects in hand, their stock prices have surged, and debt burdens are slowly decreasing. But just a few years ago, Ambani faced a major financial setback.
In 2012, Anil Ambani personally guaranteed a $700 million loan from three Chinese banks for Reliance Communications. In 2020, a London court ordered him to repay $717 million (with interest) within 21 days. At that time, Ambani told the court he had no money left and could not even cover his personal expenses. He claimed his net worth was zero. Even during this period he didn't sell his most valuable possession. Anil Ambani's Priceless Possession
That possession is his luxurious 17-storey residence 'Abode', inherited from his father, the legendary Dhirubhai Ambani. It is located in Mumbai's Pali Hill area which is the highest priced wealth among Anil Ambani's assets.
It is spread across 16,000 square feet, with a helipad, swimming pool, a big garage for luxury cars, and an expansive lounge area. Anil Ambani lives here with his wife Tina Ambani and their two sons, Jai Anmol Ambani and Jai Anshul Ambani. The estimated value of this residence is Rs 5,000 crore. Anil Ambani's Other Assets
Anil Ambani owns a private jet worth around Rs 311 crore, and has a collection of ultra-luxury cars including a Rolls-Royce Phantom, Lexus SUV, Audi Q7, and Mercedes GLK350. He once gifted his wife Tina a luxury yacht of Rs 400 crore on her 64th birthday, which he named 'Tian' in her honour.
Now that his companies are slowly stabilising, debts are being repaid, new projects are flowing in, stock values are recovering and his wealth is once again on the rise.
According to media reports, the combined net worth of Anil and Tina Ambani is estimated to be over Rs 2,500 crore.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
Currency watch: Rupee rises 16 paise to 85.76 against dollar; crude oil slide & weak greenback lift sentiment
The rupee appreciated by 16 paise to settle at 85.76 against the US dollar on Tuesday, helped by a weaker greenback and softer crude oil prices globally. However, persistent foreign fund outflows and uncertainty surrounding the ongoing India-US trade negotiations limited the currency's upward movement, according to forex dealers. At the interbank foreign exchange market, the rupee opened at 85.97 and moved in a tight range between 85.75 and 85.97 during the session. It eventually ended the day at 85.76, recovering from its previous close of 85.92, PTI reported. "The Reserve Bank of India has been guarding the rupee at the 86.00 level and on Tuesday also ensured that the rupee opens a tad higher than 86," said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP. He added, "For tomorrow (Wednesday), we expect the rupee to be in the range of 85.50–86.10 with expectations of more flows." Dollar, crude prices ease The dollar index, which tracks the US currency against a basket of six peers, declined 0.11% to 97.97, supporting emerging market currencies. Brent crude, the global oil benchmark, was down 0.43% to $68.91 per barrel in futures trade, reducing pressure on India's import bill. Trade talks and equity flows in focus The gains in the rupee were tempered by ongoing concerns over the outcome of bilateral trade negotiations between India and the US. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Đây có thể là thời điểm tốt nhất để giao dịch vàng trong 5 năm qua IC Markets Tìm hiểu thêm Undo A team from India's commerce ministry is currently in Washington for the latest round of discussions on the proposed bilateral trade agreement. The four-day meeting began on Monday and is set to conclude on Thursday. M eanwhile, India's merchandise exports held steady at $35.14 billion in June, while the trade deficit narrowed to a four-month low of $18.78 billion, according to government data released Tuesday. On the domestic equities front, both benchmark indices ended in the green. The Sensex rose 317.45 points to close at 82,570.91, and the Nifty advanced 113.50 points to settle at 25,195.80. Foreign institutional investors (FIIs) were net buyers on the day, purchasing equities worth Rs 120.47 crore, according to stock exchange data. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
31 minutes ago
- Time of India
When Rs 12 beats Rs 175: Bengaluru founder snubs costly auto prices, uses cheaper option to protest ‘stupid fares'
Swapnil Jain , co-founder of Ather Energy , did not expect a normal Monday morning commute to kick up such noise. He had both his vehicles parked at the office, so when he needed to get back, he tried the usual option. 'For various reasons, both my vehicles were parked at the office and I had no ride. Tried booking an auto because it is only 4 kms, but the price was ₹175. Heck with it, just decided to take a bus to office at ₹12,' he posted on X. And that was that. Or so he thought. 'Protesting stupid auto prices' Calling it what it was, Jain wrote, 'This is me protesting against the stupid auto prices.' — swapniljain89 (@swapniljain89) Live Events The phrase struck a chord. In Bengaluru, short auto rides turning costly is nothing new. Jain's public refusal felt relatable for many. His ₹12 bus ticket said more than a rant ever could. UPI payment, no loose change There was more to this than the fare. Jain pointed out that BMTC's UPI option makes life easier. No awkward wait for coins. No hunting for change in the pocket. He also gave a nod to Switch Mobility's electric buses . Comfortable enough, he said. A slight lag in acceleration did not bother him much. He figured it was down to shifting passenger weight. Bengaluru joins in The post caught on. Others began to chip in with their own stories. One user wrote, 'BMTC has been my primary mode for the last 1 year. Other than the sudden acceleration or braking, no complaints. No issue with frequency (500D), and no last-mile connectivity issues either.' Someone else shared, 'Use the Namma BMTC app for live tracking. It's not perfect, but it works. Pair it with UPI and you're sorted.' Another liked Jain's small stand, saying, 'I like how you don't waste money on simple things. It's not just about saving ₹100- ₹150, it's about staying grounded in the roots we come from.' Of course, not everyone clapped along. One user poked fun at Jain's scooters. 'Same way we don't want to waste money on your scooters that stop when there's a pillion rider. You call that derating? Hilarious!' the user said. Someone found fault with the buses too. 'Why can't the floor be flat? Too many steps inside, feels like climbing into an auditorium,' read another reply. Others dropped tips. 'You can get daily passes through the Tummoc app too. Also, airport buses on the BMTC app are really accurate.' Under it all, this was not only about a short bus ride. Jain's post pulled out an old complaint Bengaluru commuters share quietly every day. Auto fares that feel random. The relief when the bus turns up on time. Small fixes like paying through an app. 'Needed a rick in the rain, guess who's charging Rs 175 for 3 km? Rapido!' another user added, showing this is not one man's story. Swapnil Jain's choice to spend twelve rupees instead of one seventy-five will not overhaul Bengaluru's transport overnight. But it has pushed a simple idea back into the open. Sometimes a bus ride is worth more than it costs. And a small protest can make people pause and think before hailing the next pricey rick.
Time of India
36 minutes ago
- Time of India
ELI scheme set create jobs, enhance social security
Vadodara: The Employment-Linked Incentive (ELI) scheme, approved by the Cabinet under Prime Minister Narendra Modi , will boost employment generation, improve employability and extend social security coverage. Mitesh Rajmane, Regional PF Commissioner Grade 2, Vadodara, said on Tuesday. The ELI scheme has a total outlay of Rs 99,446 crore and aims to incentivize the creation of 3.5 crore jobs over two years. "The scheme, set to take off from Aug 1, will provide incentives to employees and employers to boost job creation. The benefits of the scheme will be applicable to jobs created between Aug 1, 2025, and July 31, 2027," Rajmane said, while addressing mediapersons. The Vadodara regional office of the Employees Provident Fund Organization (EPFO) has jurisdiction over five districts — Vadodara, Panchmahals, Dahod, Mahisagar and Chhota Udepur — and covers 23,500 establishments with 8,75,000 Universal Account Numbers (UANs) and 90,000 pensioners. "Under Part 1, first-time employees registered with EPFO will get one month's EPFO wage, that is up to Rs 15,000 in two instalments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Struggling With Belly Fat? Try This at Home Home Fitness Hack Shop Now Undo The first instalment will be given on the completion of six months' employment and the second after a year, on successful completion of a financial literacy programme," he said. "Under Part 2 of the scheme, the govt will provide an incentive of up to Rs 3,000 per employee per month to employers for a duration of two years for appointing additional employees with a minimum of six months' continuous employment," he said.
