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Sunday, May 28, 2023

Anil Ambani’s income source questioned after he declared he had zero wealth

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Anil Ambani’s financial status is in contrast with the fact that his elder brother, Mukesh Ambani, is the richest person in Asia and not just India. Anil Ambani is in poor financial health at the same time. He claimed his assets to be “Zero” in February 2020. But is it actually true?

Still serving as RADA’s chairman Anil Ambani is still the chairman of the Reliance Anil Dhirubhai Ambani Group, according to its website. The group consists of Kokilaben Dhirubhai Ambani Hospital, Reliance Capital, Reliance Communications, Reliance Infrastructure, Reliance Entertainment, and Reliance Power.

Anil Ambani may be able to make money from these businesses. Rs 20,444 billion still belong to Anil Ambani. His home alone is reported to be worth Rs. 5000 crore. The Rolls Royce he owns is worth 3.5 crores.

Resources of RADA

The Reliance Anil Dhirubhai Ambani Group website states that Reliance Group has assets of Rs 3,16,000 crore ($47 billion). It generates more than Rs 62,400 crore ($ 9.3 billion) in yearly income. The group has a net value of around 1,02,000 crores. While the company still has about 100,000 employees.

Reliance Capital is currently filing for bankruptcy. Reliance Communications is in poor shape, yet the company still has a 370.47 crore rupee market worth on the NSE.

The Reliance Power now has a market value of Rs. 4,564.42 billion. The company’s revenue for the quarter of October to December 2022 was 1936 crores. However, it suffered a loss of over Rs 244 crore.

Reliance Entertainment is creating movies right now, by the way. Chanakya, Section 84, and IB71 are all produced by the business. The business is also releasing two new web series at the same time, namely Vish Puri and Indian Police Force.

Reliance Infra has a market capitalization of Rs 5,487.92 crore. Anil Ambani was ranked as the sixth richest person in the world by Forbes in 2008. At that time, his wealth was valued at $42 billion.

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