Anil ambani: Both Mukesh Ambani and Anil Ambani are not interested in any identity today. These two often make headlines, but there is a big difference between the two. On the one hand, Mukesh Ambani is in the discussion about the expansion of his business, increasing net worth. At the same time, Anil Ambani sometimes falls in the news for a decline in property, sometimes in the news for legal digestion, but there was a time when younger brother Anil was ahead of elder brother Mukesh.
Anil Ambani was once the sixth richest man in the world
By the end of the 2000s, Anil Ambani was the sixth richest man in the world. Between 2005 and 2006, when property and business were divided between the two brothers, Anil Ambani had more assets than Mukesh. In 2008, his net worth reached US $ 42 billion, but in the last two decades, his company either took legal action or the company reached the verge of bankruptcy. The matter reached here that some companies had to sell property to fill their debt. This led to his company’s shares falling.
Damage to one after the other
When there was partition in 2005, companies like Reliance Industries, Patrochemicals Business, Indian Petrol Chemicals Corp Limited, Reliance Petroleum, Reliance Industrial Infrastructure Limited came to Mukesh Ambani. While Anil Ambani had companies like RCom, Reliance Capital, Reliance Energy, Reliance Natural Resources.
Reliance Communications (RCom), a company coming to his group, went bankrupt till 2019, Reliance Power also drowned in debt of more than Rs 20,000 crore, Reliance Power, who was in heavy debt, also became bankrupt in 2021. Adlabs and Dreamworks also did not perform as expected under Reliance Entertainment.
Due to this, his financial condition started deteriorating. In 2012, his assets lost US $ 1 billion. However, in recent years, his business was seen to have a great improvement. Due to this, by the beginning of 2025, his total assets will be US $ 530 million or about Rs 4,563 crore.
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