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International Business Times UK
International Business Times UK
World
Sami Khan

Who Is Anant Ambani? Reliance Heir Behind $100M Trump-Linked Texas Refinery Deal

Anant Ambani is the executive director of Reliance Industries Limited (RIL), who is now at the center of a $100M Texas refinery deal. (Credit: Vantara, Wikimedia Commons.)

In a rare sight in Indian and American political and business circles, Donald Trump Jr. was spotted performing a Gujarati folk dance with Indian billionaire Anant Ambani in late November. Four months later, his family's conglomerate, which is among the wealthiest in Asia, reportedly wired at least $100 million to a Texas startup in which Trump Jr. secretly held a stake.

The exchange of funds, documented in a ProPublica investigation published on 9 June, has put the 30-year-old executive director of Reliance Industries Limited (RIL), India's most valuable private company, at the center of one of the most scrutinised business-and-politics stories of the second Trump term. But the name Anant Ambani is new for most Americans, even though the family he represents is not.

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