The year 2020 was nothing short of a nightmare for Anil Ambani. Once included in the list of the world's wealthiest people, he stood in court and stated that he didn't even have the money to pay his lawyer's fees. He declared his bankruptcy in a London court. At that time, he was liable for a debt of 700 million dollars from three Chinese banks. The court ordered him to pay 717 million dollars, including interest.
Said in Court – Not even enough money to cover expenses
The affidavit submitted by Anil Ambani during the hearing in the London court shocked everyone. He stated that his total assets were zero and that he was unable to manage his own lifestyle expenses. At that time, it seemed that the entire empire of a former industrialist had collapsed. But in the midst of all this, there was one thing that Anil Ambani never even considered selling or mortgaging.
Inherited from his father, Dhirubhai Ambani
This is about Anil Ambani's 17-story luxury bungalow, 'Abode', located in the posh Pali Hill area of Mumbai. He inherited this property from his father and Reliance founder, Dhirubhai Ambani. Even during the crisis, when the prices of the companies' shares fell, and the burden of debt was on his head, he never considered selling this bungalow.
'Abode' – A house that is no less than a palace
Anil Ambani's house is spread over 16,000 square feet. It is considered one of the most expensive private houses in Mumbai. This luxurious building has a helipad, a large swimming pool, a spa, a gym, a huge garage, a high-tech security system, and a fully automated interior. It has a special floor for guests and a floor just for a home theater.
Anil Ambani lives in this house with his wife, Tina Ambani, and sons, Jai Anmol and Jai Anshul Ambani. Property market experts believe that the current value of this house is around 5000 crore rupees.
The legacy of the Ambani family is locked in the walls of luxury
Abode is not just a bungalow but also the legacy and identity of the Ambani family. It has never been shown in any media interaction, but information related to it has come to light from time to time. It is one of the few private properties in Mumbai that has remained untouched by auctions or listings despite its crores of rupees worth.
Ambani also has a private jet
He also owns a luxurious private jet, estimated to be worth around 311 crore rupees. He has been using this jet for business travels and family trips. He has often been seen traveling in this jet to international conferences and meetings.
Companies are getting ber again
Anil Ambani's two major companies, Reliance Power and Reliance Infrastructure, are now gradually recovering. These companies have received some new projects, which have led to a rise in the price of shares. This has reduced the debt burden a little and also increased the confidence of investors.
What is the net worth now
Although Anil Ambani had declared himself "net worth zero," according to reports, the combined total assets of him and Tina Ambani have now exceeded around 2500 crore rupees. This indicates that, despite all the economic crises, the Ambani family is gradually returning to its former glory.
The 5000 crore 'Abode' stood unsold
At a time when many people sell properties to cover their expenses, Anil Ambani kept his most valuable house safe. Abode is not just a luxurious residence but also a symbol of the Ambani family's thinking, in which heritage is considered above financial constraints. This is why this bungalow still stands with all its grandeur in the posh area of Mumbai today.
