Anil Agarwal’s rise from a small-town trader to a global business tycoon is a story of ambition, risk, and strategic brilliance. As a British-Indian citizen and the founder of Vedanta Resources, he has built a vast empire in mining, metals, and energy. His financial journey is deeply tied to market dynamics, strategic stake sales, and bold investments. Interestingly, Anil Agarwal & family mark a net worth of $2.2 billion, but Anil Agarwal’s net worth was last officially recorded at $2.01 billion in 2022, and its absence from recent financial reports raises questions.
The reason? His wealth is highly dynamic, fluctuating with Vedanta’s stock price, debt restructuring, and large-scale investment moves. Despite the uncertainty, his influence in global markets remains undeniable. Let’s take a closer look at the key factors shaping his fortune and the strategies behind his evolving financial legacy.
Let’s Explore Anil Agarwal’s Net Worth
1. Anil Agarwal’s Evolving Stake in Vedanta
Anil Agarwal controls Vedanta Resources through Volcan Investments, holding a 100% stake. However, his ownership in Vedanta Ltd. has changed over time:
- March 31, 2024: Vedanta Resources held 61.95% in Vedanta Ltd.
- December 31, 2023: Stake was 63.72%.
- June 30, 2024: Promoter holding fell to 59.32%.
- Since December 2022: Dropped from nearly 70% to just over 60%.
Vedanta has a history of huge dividend payouts:
Vedanta has a history of substantial dividend payouts, with ₹43.5 per share in 2025. Anil Agarwal received ₹44,000 crore in 2024 from these dividends.
- FY2025-2026: As of December 8, 2025, Vedanta Ltd. has declared a total dividend of ₹23.00 per share across two interim dividends. The first interim dividend was ₹7.00 per equity share with a record date of June 17, 2025, and the second interim dividend was ₹16.00 per share announced on August 18, 2025.
- FY2024-2025: The total dividend declared for FY2024-2025 was ₹43.50 per share. The total outgo for FY25 was ₹17,010 crore.
- FY2023-2024: The total dividend declared for FY2023-2024 was ₹29.5 per share, with a total outgo of ₹10,953 crore.
- FY2022-2023: The total dividend declared for FY2022-2023 was ₹101.5 per share, with a total outgo of ₹37,729 crore.
Anil Agarwal’s net worth fluctuates with Vedanta’s stock price:
In February 2024, Anil Agarwal sold shares worth ₹1,700 crore, contributing to his net worth. More recently, Finsider International, a subsidiary of Vedanta Resources, sold 65.5 million Vedanta Ltd shares at ₹265.14 each in February 2024, totaling more than ₹17.37 billion ($209 million).
In June 2024, Finsider International sold a 2.6% shareholding in Vedanta Ltd to institutional investors, reducing Vedanta Resources’ debt by over $650 million since the start of FY2025. Vedanta Ltd also offloaded a 1.6% stake in Hindustan Zinc for ₹3,028 crore on June 18, 2025.
Other financial moves:
Vedanta has raised ₹270 lakh crore ($3.1 billion) in bonds since September 2024. In October 2025, Vedanta Resources successfully raised $500 million through a bond issuance to strengthen its balance sheet and repay near-term obligations, including a $550 million Private Credit Facility.
This issuance extended the average maturity of its debt portfolio to over four years and reduced the weighted average interest cost to single digits. With these strategies, Anil Agarwal’s net worth remains closely tied to Vedanta’s financial moves.
2. Anil Agarwal’s Expanding Investment Portfolio
Beyond Vedanta, Anil Agarwal’s net worth is shaped by key investments in BALCO, Hindustan Zinc, Anglo American, and a $10 billion Centricus fund.
- Bharat Aluminium Company (BALCO)
- 2001: Acquired 51% for ₹551.50 crore.
- The government intended to sell its remaining stake, and Agarwal expressed interest.
- Hindustan Zinc Limited (HZL)
- 2002-03: Vedanta acquired 26% for ₹445 crore.
- Later, it increased its stake to 65% through a call option and public buyouts.
- Anglo American
- 2017: Volcan Holdings acquired a 19%-20% stake.
- Investment: £3.5 billion ($1.25 billion).
- 2019: Divested most of the stake, retaining 1.9%.
- Centricus Fund
- $10 billion fund to invest in privatized Indian public sector firms.
- Formed in partnership with London-based Centricus.
With these strategic moves, Anil Agarwal’s net worth continues to grow across multiple sectors.
3. Anil Agarwal’s Strategic Investments
Anil Agarwal has expanded his wealth beyond Vedanta, investing in real estate, gold, partnerships, and bonds.
Real Estate Holdings:
Anil Agarwal possesses several real estate properties.
- He owns properties in Mumbai, London, and New York.
- He purchased a 330 sq ft flat in Mumbai’s Malabar Hill with just ₹75,000 in savings.
- In January 2025, Anil Agarwal acquired the iconic Riverside Studios in London, a 100-year-old global arts hub on the River Thames. It now operates under the name Anil Agarwal Riverside Studios Trust. This acquisition aims to promote Indian and international arts and culture.
- In 2004, he secretly acquired a $9.1 million condo in New York’s Time Warner Center via Amantea Corporation.
Gold Investments:
Anil Agarwal is a proponent of privatizing India’s gold mining sector.
- He advocates privatizing Bharat Gold Mines and Hutti Gold Mines, the only two gold producers in India, to boost domestic gold production and reduce import dependence.
- Anil believes that with massive investments, India can become a major gold producer and generate significant employment.
- He estimates that a 10% reduction in gold and copper imports could save $6.5 billion in foreign exchange, add ₹3,500 crore to government revenue, and create at least 25,000 jobs.
- India imports 99.9% of its gold requirement, consuming around 900 tonnes annually but producing only 1 tonne domestically. Gold imports into India amounted to ₹87,433,691,519 from June 2024 to July 25.
- Gold imports in India surged 30% to $45.54 billion during 2023-24 due to strong domestic demand. In October 2025, India’s gold imports reached a record $14.72 billion. Cumulative imports during April-October 2025 rose 21.44% to $41.23 billion from $34 billion a year ago. High gold imports pushed the country’s trade deficit to a record $41.68 billion in October.
- The Indian government reduced the total customs duty on gold from 15% to 6% in Budget 2024 (July 2024), which was maintained in Budget 2025. This reduction aimed to curb unofficial imports and encourage domestic purchasing. However, the Directorate General of Foreign Trade (DGFT) imposed immediate restrictions on importing gold and silver jewellery and parts until April 30, 2026, via a notification on November 17, 2025.
4. Semiconductor Venture:
- Vedanta entered the semiconductor and glass display sector in 2023.
- Anil Agarwal plans to invest ₹1,745 lakh crore ($20 billion) in this sector. Vedanta and Foxconn initially planned to jointly invest $20 billion to build semiconductor and display plants in Gujarat, with Vedanta holding a 60% stake. Production was expected to start in 2025 for 12-inch wafers using the 28-nanometer process.
- However, Foxconn pulled out of the joint venture in July 2023. Anil Agarwal subsequently announced that partners had been lined up for the venture, and Vedanta would begin chip-making in 2024.
- Vedanta has the license for production-grade 40 nm technology and will soon acquire a license for 28 nm technology.
- Vedanta Semiconductors Pvt Limited (VSPL) aims to establish a 40nm CMOS-based semiconductor fab with a monthly capacity of 40,000 wafers, with plans to transition to 28nm chip manufacturing. Vedanta Displays Limited (VDL) aims to set up an integrated display and module fab, starting with Gen 8.6 A-Si IPS fabs with a capacity of 60,000 sheets and 10 million modules per month, and later expanding to 240,000 sheets and 40 million modules.
- The semiconductor factory is expected to employ over 100,000 people. Vedanta plans to begin production of display units by the end of 2024 and electronic chips by the end of 2025, with mass production spilling over into 2026 for semiconductors.
- India’s semiconductor market is expected to be worth $63 billion by 2026.
5. Strategic Partnerships
- Partnered with Centricus to launch a $10 billion fund for privatized Indian PSUs.
- Invested $1.25 billion in Anglo American via Volcan Holdings, later trimming his stake from 19% to 1.9%.
- Volcan Investments oversees Vedanta’s semiconductor venture, with plans to begin chip-making this year.
- Vedanta plans a $20 billion investment in India over the next four years.
Vedanta’s Proposed Demerger
- Vedanta is currently undergoing a demerger process to split into independent sector-specific entities.
- The demerger aims to unlock shareholder value, enhance transparency, and enable sharper capital allocation.
- The initial plan was to split into six entities, but the revised scheme involves five entities: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and Vedanta Limited (which will retain Hindustan Zinc and new technology ventures).
- The deadline for completing the demerger has been extended to March 31, 2026, due to pending approvals from the National Company Law Tribunal (NCLT) and other government authorities.
- Promoters are expected to retain over a 50% stake in each demerged entity.
Bond Market Moves:
- Vedanta Resources raised $1.1 billion through two bond tranches with different tenors & interest rates.
- Bonds rated ‘B’ by S&P Global and ‘B2’ by Moody’s.
- Since September 2024, Vedanta has issued $3.1 billion in bonds.
With these ventures, remains driven by strategic diversification.
6. Philanthropy and Public Statements
- Anil Agarwal has pledged 75% of his family’s wealth to charity.
- The Anil Agarwal Foundation (AAF) plans to invest ₹5,000 crore over five years in social impact projects focusing on nutrition, women’s healthcare, and child development.
- The AAF’s flagship initiative, Nand Ghar, modernizes Anganwadis and has reached over 8,044 centers across 15 Indian states as of April 2025, impacting over 320,000 children and 240,000 women.
- He attended the Rising Northeast Investors Summit 2025 on May 23, 2025, and announced ₹80,000 crore investment in the Northeast across critical minerals, energy, power transmission, and technology.
- He spoke at the NDTV World Summit 2025 on October 17, 2025, emphasizing India’s role in the global economy and discussing ‘Building Bharat: Purpose, Profit, Planet’.
- Agarwal has also attended the Anil Agarwal Dialogue 2025, a conclave for journalists focusing on environment and development issues, which concluded on February 28, 2025.
- He will be a speaker at the 21st E-Summit at IIT Bombay on December 11-12, 2025.
Key Takeaways
Anil Agarwal’s financial journey is a case study in high-stakes wealth management, where aggressive expansion meets market volatility. His ability to extract massive dividends and leverage strategic investments fuels his fortune, but growing debt and stock fluctuations pose challenges. The key question is whether this financial model is sustainable in the long run, as Anil Agarwal’s net worth remains highly dynamic.
- Dividend-Driven Strategy: While ₹44,000 crore in Vedanta dividends boosted liquidity, excessive payouts may weaken future reinvestment capacity, impacting Vedanta’s long-term competitiveness.
- Debt vs. Expansion Dilemma: Reducing $3 billion in debt while investing $1.3 billion signals confidence, but failure to generate returns could trigger liquidity concerns.
- Stock Price Dependency: His wealth is at the mercy of Vedanta’s market swings—any downturn could drastically cut his fortune overnight.
- Hedging Through Diversification: Investments in gold, real estate, and the Centricus fund mitigate risks, but whether they can offset Vedanta’s cyclical nature remains uncertain.
His net worth thrives on calculated risk, but any misstep in execution could expose vulnerabilities, making his fortune highly unpredictable.
FAQs
- What is Anil Agarwal’s current net worth?
Anil Agarwal’s net worth is estimated at $2.2 billion as of December 2025, according to Forbes.
- How does Anil Agarwal control Vedanta Resources?
Anil Agarwal holds a 100% stake in Vedanta Resources through Volcan Investments, his holding vehicle, which was renamed Vedanta Incorporated on September 29.
- What are his major current investment focuses outside of traditional mining?
Anil Agarwal is significantly investing in semiconductor and display manufacturing, with plans for a $20 billion investment. He is also actively involved in real estate and advocates for the privatization of India’s gold mines.
- What is the status of Vedanta’s proposed demerger?
The demerger of Vedanta Ltd. into multiple independent entities is currently underway, aiming to unlock shareholder value. The completion deadline has been extended to March 31, 2026, pending various regulatory and government approvals.
- What are Anil Agarwal’s philanthropic commitments?
Anil Agarwal has pledged to donate 75% of his family’s wealth to charity. His Anil Agarwal Foundation (AAF) is investing ₹5,000 crore over five years in social impact projects, notably through the Nand Ghar initiative, which has modernized over 8,044 Anganwadis across 15 states as of April 2025.
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