Anil Ambani continues to grab headlines nearly daily. He was one of several telecom tycoons to be deposed before the Central Bureau of Investigation in connection with India's corruption scandal over granting of telecom licences. His group denied any involvement or wrongdoing. In January, the stockmarket regulator, which was reportedly investigating allegations that the group routed money raised overseas into the stock market, passed consent order that he, four other executives wouldn't invest in listed stocks in the secondary market for a year. In February, when shares of his companies crashed, he alleged foul play by a cartel of brokers, instigated by unnamed rivals. A consortium of Chinese banks agreed to fund up to $12 billion of Chinese equipment purchases by his Reliance Power. His entertainment arm recently tied up with Tom Hanks' Playtone for an online animated series. He and brother Mukesh, ranked no. 9 in the world, reportedly vacationed together with their families in a South African wildlife park after their patchup last May.
Ambani leads Reliance Anil Dhirubhai Ambani Group, one of India’s top three private-sector business houses, with a $6 billion net worth. Reliance was founded by Anil Ambani’s father, the late Dhirubhai Ambani, a shrewd ex-schoolteacher who built an empire from a simple textile-trading business and who taught his two sons the business.
Ambani joined Reliance as co-CEO after graduating from Wharton in 1983.more » « less