Bets Of The Billionaires
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Anil Ambani and Steven Spielberg
Net worth: $42 billion (Ambani); $3.1 billion (Spielberg)
Residence: Mumbai, India (Ambani); Pacific Palisades, Calif. (Spielberg)
Bet: American film
Steven Spielberg is leaving his employer, Viacom, to start an independent film studio. Spielberg reportedly clashed with Viacom management. He'll get more freedom with the help of Anil Ambani, one of the richest men in India. Ambani's entertainment business, Reliance, is chipping about $500 million into the venture. Ambani, who also owns telecom and power ventures, has been looking for ways to break into the American movie business.
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