Anil Ambani becomes 2nd Indian trillionaire

In hot pursuit of elder brother Mukesh Ambani in the wealth race, Anil Ambani has entered the exclusive trillionaire club with personal riches of over Rs 1,00,000 crore (Rs 1000 billion) in terms of his share holding in various group companies.

As per closing share prices on Friday at the Bombay Stock Exchange, Anil Ambani's stockholding's value has risen to Rs 1,00,334 crore (Rs 1003.34 billion) while market capitalisation of his group has soared to Rs 1,62,930 crore (Rs 1629.3 billion).

While the wealth of Mukesh Ambani is upwards of Rs 1,15,000 crore (Rs 1150 billion), share prices of Anil Ambani group firms - Reliance Communication and Reliance Capital - touched an all time high of Rs 551 crore (Rs 5.51 billion) and Rs 1,149 crore (Rs 11.49 billion) respectively, resulting in the increase in his wealth.

Market capitalisation of flagship Reliance Communication was placed at Rs 112,657 crore (Rs 1126.57 billion), of which promoters holding is 67 per cent giving Anil Ambani a wealth of Rs 74,354 crore (Rs 743.54 billion).
Likewise, Reliance Capital market capitalisation was Rs 28,219 crore (Rs 282.19 billion) of which Anil Ambani's share was 53 per cent at a value of about Rs 15,000 crore (Rs 150 billion).