World's Billionaires - #6

© Kamal Narang/Business Line/The Hindu

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Anil Ambani
$42.0 bil
  • The year's biggest gainer, Anil Ambani, is up $23.8 billion in the past year and is closing gap with estranged brother, Mukesh, who ranks one spot ahead of him in the world at No. 5.
  • The sons inherited their fortune from their late father, renowned industrialist Dhirubhai Ambani.  But they couldn't get along, and in 2005 their mother brokered a peace settlement breaking up the family's assets.
  • A marathon runner, his biggest asset is his 65% stake in telecom venture Reliance Communications.
  • He recently raised $3 billion from the highly anticipated initial offering of his Reliance Power, the biggest in India's history. Despite the hype, the stock tumbled 17% immediately after its February listing. In a bid to appease investors, company's board recently approved the issue of bonus shares.
  • Still feuding with brother Mukesh: battling him in court over a gas-supply agreement.

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