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Anil Ambani only second Indian to become trillionaire

Anil Ambani only second Indian to become trillionaire
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First Published: Sun, Jul 08 2007. 05 22 PM IST
Updated: Sun, Jul 08 2007. 05 22 PM IST
PTI
New Delhi: Chasing his elder brother Mukesh Ambani in the wealth race, Anil Ambani has entered the exclusive trillionaire club with personal riches of over Rs1,00,000 crore in terms of his share holding in various group companies.
As per the closing prices on Friday, 6 July, at the Bombay Stock Exchange, the value of Anil Ambani share was worth Rs1,00,334 crore while market capitalization of his group soared to Rs1,62,930 crore.
While the wealth of Mukesh Ambani was upwards of Rs1,15,000 crore, the shares of Anil Ambani group companies — Reliance Communication and Reliance Capital touched an all time high of Rs551 and Rs1,149 respectively, resulting in the increase in wealth.
Market capitalization of flagship Reliance Communication was placed at Rs1,12,657 crore, of which the promoter holding is 67%, giving Anil Ambani a wealth of Rs74,354 crore.
Likewise, Reliance Capital market capitalisation was Rs28,219 crore of which Anil Ambani’s share was 53% at a value of about Rs15,000 crore.
This along with the shares in Reliance Energy, Reliance Natural Resources Ltd and elder brother’s Reliance Industries Ltd (Rs2,856 crore) took the combined wealth of Anil Ambani to over Rs1,00,000 crore.
KP Singh, chairman of DLF, is close behind with the wealth of Rs85,000 crore in terms of market capitalisation of his share in the group company as per the closing at BSE on 6 July.
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First Published: Sun, Jul 08 2007. 05 22 PM IST