Anant Ambani, the youngest son of Indian billionaire Mukesh Ambani, is a notable figure in the business world. Born on April 10, 1995, Anant completed his education at Dhirubhai Ambani International School in Mumbai and later graduated from Brown University in Rhode Island. Known for his dedication and hard work, Anant formally joined his family business at the age of 20 and has worked in various capacities since then.
As of December 2023, Anant Ambani’s net worth is estimated to be around ₹3,73,000 crore ($45 billion). This substantial net worth can be attributed to his successful ventures and investments and his role in managing his family’s business.
In the following sections, we will delve deeper into Anant Ambani’s life, and his contributions to the business world, and explore the potential growth of his net worth.
Anant Ambani’s Current Net Worth
Anant Ambani is the youngest son of Mukesh Ambani, the richest person in India and the ninth richest in the world. Anant Ambani has a net worth of $45 billion as of 2023, which is equal to Rs 3,44,000 crore. Anant Ambani’s current net worth is derived from his stake in Reliance Industries, the conglomerate that his father founded and leads. Reliance Industries is India’s largest company by market value, with interests in oil and gas, petrochemicals, telecom, retail, and digital services. Reliance Industries reported a revenue of $87.1 billion and a net profit of $5.4 billion for the fiscal year 2022-23.
Anant Ambani owns 0.52% of Reliance Industries, which translates to about 17.8 million shares. Based on the closing price of Rs 1,950 per share on December 31, 2023, his stake in Reliance Industries is worth Rs 34,710 crore or $4.8 billion.
Anant Ambani’s Estimated Net Worth as of 2023
Anant Ambani’s estimated net worth as of 2023 is based on the projected growth of Reliance Industries and its subsidiaries. According to analysts, Reliance Industries is expected to grow at a compound annual growth rate (CAGR) of 15% over the next five years, driven by its expansion in the digital and retail sectors. Reliance Jio, the telecom arm of Reliance Industries, is the largest mobile network operator in India, with over 450 million subscribers as of December 2023. Reliance Retail, the retail arm of Reliance Industries, is the largest retailer in India, with over 12,000 stores across the country.
Based on these projections, Reliance Industries’ share price is expected to reach Rs 3,500 by the end of 2023, which would increase Anant Ambani’s stake value to Rs 62,300 crore or $8.6 billion. Additionally, Anant Ambani is also likely to inherit some of his father’s wealth in the future, as Mukesh Ambani has indicated that he plans to transfer some of his shares to his children. Assuming that Anant Ambani inherits 10% of his father’s stake, which is 45.15%, he would receive another 4.52% of Reliance Industries, which would be worth Rs 1,58,600 crore or $21.9 billion at the end of 2023.
Therefore, Anant Ambani’s estimated net worth as of 2023 is $45 billion, which is the sum of his current stake value, his projected stake value, and his potential inheritance.
Assets Contributing to His Net Worth
Apart from his stake in Reliance Industries, Anant Ambani also owns some other assets that contribute to his net worth. One of them is a rare Rolls Royce Phantom Drop Head Coupe, which is the costliest Rolls Royce and the starting price of which is ₹8.84 crore. Anant Ambani was spotted driving this luxury car in Mumbai in 2022.
Another asset that Anant Ambani owns is a lavish penthouse in Worli, Mumbai, which he bought for ₹120 crore in 2018. The penthouse is located in the 40-storeyed Tower 28, which is one of the tallest residential buildings in the city. The penthouse offers a panoramic view of the Arabian Sea and the Bandra-Worli Sea Link.
Anant Ambani also has access to his family’s private jet, which is a Boeing Business Jet 2, worth $73 million. The jet can accommodate 78 passengers and has a range of 11,645 km. It is equipped with a master bedroom, a conference room, a lounge, and a dining area.
These are some of the assets that Anant Ambani owns or enjoys, which add to his net worth and lifestyle.
Factors Influencing Anant Ambani’s Net Worth
Role in Reliance Industries and Other Family Businesses
Anant Ambani leads RIL’s new energy business, which covers solar, battery, hydrogen, and fuel cell technologies. He is also a board member of Jio Platforms, Reliance Retail Ventures, Reliance New Energy, and Reliance New Solar Energy. Anant Ambani is expected to earn Rs 1,20,000 crore in revenue for RIL through the new energy business by 2030.
He manages the group’s global operations, partnerships, and renewable and green energy investments. He is part of the executive committee of RIL, which oversees the company’s strategy and direction. He also serves on the board of Reliance Foundation, which works in various social sectors.
Monthly Salary
Anant Ambani, like his siblings Isha and Akash, does not draw any salary as a board member of RIL. He only gets paid a sitting fee for attending board meetings, which is ₹6 lakh per meeting. However, he is also entitled to a commission on the profit made by the company, which is ₹2 crore for 2022-23. According to a report in DNA, Anant Ambani’s monthly salary is estimated to be the same as his sister Isha’s, i.e. ₹35 lakh. If calculated on an annual basis, Anant Ambani’s salary amounts to ₹4.2 crore.
Investments
Anant Ambani has invested in several new energy companies, both through RIL and personally. Some of the notable investments are:
- RIL bought a majority stake in Sterling and Wilson Solar, India’s largest solar EPC company, for Rs 12,000 crore.
- RIL partnered with ADNOC to set up a green hydrogen and green ammonia project in the UAE.
- RIL invested $50 million in Ambri, a US-based company that develops long-duration energy storage systems.
- RIL invested $144 million in Heliogen, a US-based company that uses AI to concentrate solar energy.
- Anant Ambani personally invested $25 million in Breakthrough Energy Ventures, a fund led by Bill Gates that supports clean energy startups.
Predictions for Anant’s Future Net Worth
As of December 2023, Anant Ambani, the youngest heir to Mukesh Ambani’s multibillion-dollar Reliance Empire, is estimated to have a net worth of $45 billion. This wealth is not only reflective of his inheritance but also his potential for future growth. Let’s delve into the factors that could influence Anant’s net worth in the future.
Reliance Industries, the cornerstone of Anant’s wealth, has a positive outlook for 2024. Analysts maintain a bullish stance, driven by a healthy outlook for Retail and Reliance Jio. The company’s share price saw gains of 11.7% during 2023, and it’s expected to grow earnings and revenue by 12.4% and 8.5% per annum respectively.
The peak capex cycle is behind, and tariff hikes in Jio can drive further upside. Moreover, the Mukesh Ambani Dhirubhai Ambani Green Energy Giga Complex in Jamnagar is ready to be commissioned in the second half of 2024. These factors indicate a strong potential for growth in Reliance Industries, which could significantly impact Anant’s net worth.
Anant’s future investments could also contribute to his growing net worth. Anant is associated with Anant Investments Pvt Ltd, a member of the National Stock Exchange since 1995. This company offers products and services such as trading in equities & derivatives, indicating Anant’s active involvement in investment activities.
Furthermore, Mukesh Ambani has expressed confidence in the future leadership of Reliance Industries, stating that the future of the company belongs to Akash, Isha, Anant, and their generation. This suggests that Anant may have significant opportunities for strategic investments in the future, potentially leading to substantial returns.
Challenges and Opportunities
Anant Ambani, the youngest heir to Mukesh Ambani’s multibillion-dollar Reliance Empire, has an estimated net worth of $45 billion as of 2023. His wealth is influenced by various factors, including his personal endeavors, the performance of the family business, and the overall economic climate. Here are some potential challenges and opportunities that could influence Anant’s net worth:
Challenges
- Limited Leadership Experience: Anant Ambani’s leadership and board experience is relatively limited, having been around six years. This could pose a challenge as he navigates the complexities of managing a multibillion-dollar empire.
- Health Issues: Anant’s health issues, such as hypothyroidism and the side effects of long-term steroid use, have been public knowledge. These health challenges could potentially impact his ability to actively participate in the family business and other ventures.
Opportunities
- Reliance Industries’ Growth: As the heir to the Reliance Empire, Anant’s net worth is closely tied to the performance of Reliance Industries. The company has been consistently growing, with Mukesh Ambani, Anant’s father, being the 12th richest man in the world with an estimated net worth of $91.7 billion.
- Expansion of Jio Platforms: Under the leadership of his brother, Akash Ambani, Jio Platforms has been making billion-dollar deals, including a $5.7 billion investment by Meta Platforms in 2020. The company is also planning to roll out about one million 5G cells by December 2023. These developments present significant growth opportunities, which could positively impact Anant’s net worth.
Conclusion
In this blog post, we’ve discussed Anant Ambani, the youngest son of Mukesh Ambani, who had an estimated net worth of $45 billion in 2023. His net worth is influenced by his role in Reliance Industries and other family businesses, his monthly salary, and his investments.
We’ve also explored how the potential growth of Reliance Industries and possible future investments could significantly impact Anant’s net worth. Additionally, we’ve considered potential challenges and opportunities that could influence his net worth.
As we look to the future, given the current trajectory of Reliance Industries and considering Anant’s active role in the company, it is likely that his net worth will continue to grow. However, this growth is subject to various factors such as the overall performance of Reliance Industries, the state of the global economy, and Anant’s personal investment decisions. It’s also important to note that these predictions are based on the information available as of December 2023 and actual outcomes may vary.
