Anil Ambani, only second Indian to become trillionaire | business | Hindustan Times
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Anil Ambani, only second Indian to become trillionaire

business Updated: Jul 08, 2007 17:56 IST
PTI
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Hotly chasing his elder brother Mukesh Ambani in the wealth race, Anil Ambani has entered the exclusive trillionaire club with New Delhipersonal riches of over Rs 100,000 crore in terms of his share holding in various group companies.

As per the closing prices on Friday at the Bombay Stock Exchange, the value of Anil Ambani share was worth Rs 100,334 crore while market capitalisation of his group soared to Rs 162,930 crore.

While the wealth of Mukesh Ambani was upwards of Rs 115,000 crore, the share of Anil Ambani group companies -- Reliance Communication and Reliance Capital touched an all time high of Rs 551 and Rs 1,149 respectively, resulting in the increase in wealth.

Market capitalisation of flagship Reliance Communication was placed at Rs 112,657 crore, of which promoters holding is 67 per cent giving Anil Ambani a wealth of Rs 74,354 crore.

Likewise, Reliance Communication market capitalisation was Rs 28,219 crore of which Anil Ambani's share was 53 per cent at a value of about Rs 15,000 crore.

This along with the shares in Reliance Energy, Reliance Natural Resources Ltd and elder brother's Reliance Industries Ltd (Rs 2,856 cr) took the combined wealth of Anil Ambani to over Rs 100,000 crore.

KP Singh, Chairman of recently listed real estate giant DLF is close behind with the wealth of about Rs 85,000 crore in terms of market capitalisation of his share in the group company as per the closing at BSE on Friday.