Anant Ambani, left, with his father Mukesh Ambani and mother Nita Ambani at his wedding in 2024. Reuters
Anant Ambani, left, with his father Mukesh Ambani and mother Nita Ambani at his wedding in 2024. Reuters
Anant Ambani, left, with his father Mukesh Ambani and mother Nita Ambani at his wedding in 2024. Reuters
Anant Ambani, left, with his father Mukesh Ambani and mother Nita Ambani at his wedding in 2024. Reuters

India to investigate zoo run by Anant Ambani, son of billionaire


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India's Supreme Court has ordered an investigation into allegations of illegal animal imports and financial misconduct at a vast private zoo set up by the son of Asia's richest person.

Vantara, which describes itself as the “world's biggest wild animal rescue centre”, is run by Anant Ambani, son of Mukesh Ambani, the billionaire head of the multinational conglomerate Reliance Industries.

The site in the western state of Gujarat is home to more than 200 elephants, as well as 50 bears, 160 tigers, 200 lions, 250 leopards and 900 crocodiles, among other animals, India's Central Zoo Authority said.

Wildlife activists have criticised the site, saying it is housing endangered species on baking flatlands next to a giant oil refinery without any plan to return them to the wild.

On Monday, India's Supreme Court said it ordered a panel led by retired judges to investigate alleged unlawful acquisition of animals – particularly elephants – other breaches of wildlife regulations, and money laundering. “We consider it appropriate … to call for an independent factual appraisal,” the court said.

It added that the team will assess whether Gujarat's harsh climate is unsuitable for the animals and will also look into “complaints regarding creation of a vanity or private collection”.

Some of the elephants at the Vantara reserve, a private zoo owned by Anant Amabani in Jamnagar, Gujarat. Photo: Vantara
Some of the elephants at the Vantara reserve, a private zoo owned by Anant Amabani in Jamnagar, Gujarat. Photo: Vantara

The court said it issued the order after petitions based on media reports and complaints by wildlife organisations.

In March, the German newspaper Suddeutsche Zeitung reported that Vantara imported about 39,000 animals in 2024, including from the Democratic Republic of the Congo and Venezuela.

Dozens of the facility's elephants were transported there in specially adapted lorries thousands of kilometres from across India, according to the zoo.

Vantara said it would extend “full co-operation” to the investigation team and “remains committed to transparency, compassion and full compliance with the law”.

“Our mission and focus continues to be the rescue, rehabilitation and care of animals,” it said in a statement.

The zoo was among the many venues for Anant Ambani's lavish multi-day wedding celebrations in 2024, which set a new benchmark in matrimonial extravagance with private performances by pop stars Rihanna, Justin Bieber and Katy Perry.

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Ferran Torres 65'

 

 

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The biog

Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza

Hobby: Running and watching Welsh rugby

Travel destination: Cyprus in the summer

Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: August 26, 2025, 9:32 AM