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Anil Ambani: The youngest brother preconceptions

Thursday, 05 February 2009

Anil AmbaniAnil Ambani is an Indian businessman, a billionaire (whose bankroll is supposed to be sixth in the world according to the Forbes year 2008 rating with forty two billions in it.) He is the executive director and the chairman of several companies, including Reliance Capital, Reliance Communications, Reliance Energy. Anil graduated from Mumbai University with a bachelor degree and then graduated with a master's bachelor degree of arts from the Worton school of the Pennsylvania University. Anil Ambani is married (her wife's name is Tina Munim, and she is a former actress), Anil has two sons.

The whole Anil Ambani's business-career was interconnected with his and his brother's (Mukesh Ambani) business competition, who is fifty one years old, a billionaire and according to the same very Forbes year 2008 rating his bankroll occupies fifth place with forty three billions in it). Mukesh is also the owner of the Reliance Industries corporate group. This whole competition has brought fame to both brothers all over the world apart from their huge bankrolls. Not only India but the whole world has been watching the secretive (and sometimes very well-revealed) battle between the two brother-billionaires.

The competition has begun once the brothers' father, the co-founder of the Reliance Industries corporate group (1938-2002). After his death no testament was found, which was very improvident from his side. The two brothers have immediately got to each other's throats. The whole battle lasted for three years. There were numerous scandals (including public ones), lawsuits, numerous courts, stock market's fevers and the whole thing only finished by the time the mother of the two disputants - Kokilaben Ambani -approached the finance minister of India in appeal to split up the inheritance.

At the end, after the money and the possessions were split, eight billions and the best corporate group's enterprises (prospecting and refining enterprises along with petrochemical factories and multiple shop retailing) were given to the older one of Ambani's - Mukesh. All Anil got to get was the «humble» amount of five billion dollars and the worse part of the businesses. He got to get the entertainment industry, credit and financial companies along with the insurance companies, energetic systems and communication businesses.

It was predicted that after the family businesses were split up, its breakdown was soon to come. The stock market got into fever state again. But not only the catastrophe did not happen but the exploding rise of every single Reliance corporate group's shares at the stock market as good as the miracle has saved the day for the Ambani's family. Even furthermore Anil Ambani's businesses' rise was developing at a much faster rate than his older brother's businesses. Whilst Mukesh Ambani's bankroll has risen in 2.14 from the year 2007 to 2008, Anil's bankroll has risen in 2.31 even though his possessions do not include the best parts of the Reliance family corporate group.

Anil Ambani has this very talent of making money out of everywhere. His Reliance Power project, that was created in order to get rid of the lack of electricity in the country, has gathered five millions of the individual IPO signatures. This is rather extraordinary, since emissive convention honestly stated that the company does not possess any of the power station and completely no power plants, there are no profitable activities and so on and so forth - sixty six bullet points were stated and they did not sound well at all. Frankly speaking, the startup standing order stated the following: we have got nothing but we hope for the brighter future. The shares were sold as quickly as possible and they've all brought Anil three billion dollars of income. Even the shares' slight collapse did not shatter the investors' confidence and trust.

Well, it seems that the Indian scale is definitely not enough for Anil Ambani and therefore the businessman tries to grow his media-empire big all over the world. This all will bring him power over the thoughts, minds and souls.

Anil's methods are as simple as it gets and it is really effective. Around 1.7 Million Indians are living in the USA and there are not enough Indian films that go on air in there. It is considered that such movies won't be paying themselves off and therefore do not go on air in the cinema, since Indians don't tend to gather together in the USA. Anil Ambani believes that the experts' opinions are not exactly correct and from the beginning of the year 2007 the Reliance Entertainment, owned by the Indian businessman simply buys the cinemas from small American operators. Around 250 cinemas were purchased in those towns where Indian immigrants' concentration is at its highest (Washington or San Jose for example). The most amount of the films that are been shown in those cinemas are being produced at the Ambani's own film studio. Anil also wishes to go on with purchasing the cinemas in the Great Britain, Malaysia and Japan.

Anil seems to not be stopping at the path of the enlightenment of the Indian immigrants in the ways of the historical home and birthplace. Anil is now working on the organization of the ethnical movie performances for Chinese and Koreans (who are known for living right next to Indian immigrants).

Since three percents of the Reliance Entertainment group were purchased by Jord Sorso (for one hundred million dollars), the enterprise will have its success soon enough since Sorros has this fantastic instinct for the profitable enterprises and businesses.

Some say that such successful summary of Anil Ambani's business career is connected with the so called youngest brother preconception he might feel or even suffer from. This very well might be true. If so, then we can see a rare event of the preconception development where the negative becomes the reason for the positive. Furthermore the extreme eagerness of Anil Ambani encourages Indians to work harder and better for the best of it.

In order to try to beat his older brother, Anil is also going up the first place of the «golden» rating of the world. However, another person can very well be his competitor in this very race. The man's name is Oleg Deripaska. Oleg has already decided he wants to come first on the Forbes bankroll list sooner or later. However the competition is rather sport for Deripaksa, whereas Anil Ambani considers the race the biggest thing of his life. All that he has ever had was the result of his will to win over his older brother. I really wonder who really wins now?

Sofia Vargan

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