Anil Ambani Net worth, how Anil Ambani’s empire sank, one brother the richest in Asia and the other poor

New Delhi: When Dhirubhai Ambani’s company Reliance was divided, Reliance Infocomm came into Anil Ambani’s account. Whereas Mukesh Ambani got petrochemicals. Both got equal share, but today one brother is the richest industrialist in Asia while the other brother is bearing the debt burden of his bankrupt companies. There was a time when Anil Ambani was the sixth richest industrialist in the world, but today the condition is that he has become bankrupt. Under the heavy burden of banks, Anil Ambani has become a defaulter about 49 times. The company went on well for a few years after the split, but then Anil Ambani walked on the path of ruin. Anil Ambani’s RCom reached the brink of bankruptcy. The debt of the company started increasing. Today let’s talk about the mistake of Anil Ambani, due to which he reached in this situation.

Partition happened after the dispute

Anil Ambani and Mukesh Ambani got divided over business. While Mukesh Ambani got the old petrochemicals, Anil Ambani got the new age telecom, finance and energy business. Anil Ambani could not handle his business. He got the valuable and new-age companies of Reliance, but he could not show amazing. Anil Ambani made many ambitious plans regarding Reliance Telecom, but the planning did not go well. He wanted to become the king of telecom, power and infrastructure sector, but today his company is bankrupt.

Company drowned by Anil Ambani’s mistakes

Anil Ambani’s condition became such that he had to take a loan to repay the loan. This pain of debt became more heavy when the merger of RCom and Aircel failed. The merger of RCom and Aircel failed in 2016. After the partition, Anil Ambani got the profit and growth giving companies of Reliance. Despite that, he could not even save her, let alone grow her. His mistakes are behind Ambani’s downfall. Anil Ambani was jumping from one business to another, but due to the flaws in the execution, his money got stuck in those businesses. Anil is investing money in new projects, due to which the debt burden on him was increasing. The debt was now getting out of control. By the year 2019, the total debt burden on Anil Ambani’s companies had reached Rs 1.73 lakh crore.

Had to take loan to repay the loan

Anil Ambani’s companies had once reached the pinnacle of success. In the year 2008, the market value of Anil Ambani’s companies had crossed Rs 4 lakh crore. In the year 2019, this value fell to just Rs 2391 crore. Anil Ambani was getting buried under the burden of the debts of the banks. Anil Ambani, who was one of the richest industrialists in the world till 10 years back, has now reached the brink of poverty. From the company itself decided to follow the path of bankruptcy. Reliance Communications ie RCom declared itself bankrupt.

Difference between Mukesh Ambani and Anil Ambani

In the year 2008, Anil Ambani was the sixth richest industrialist in the world with $ 45 billion, in the year 2019, he is also outside India at number 70 in the Forbes list. His number was at number 1349 among the billionaires of the world. Anil Ambani is left with $1.7 billion. Anil Ambani lost everything because of his mistakes. In the year 2019, when Anil Ambani had assets of $ 1.7 billion left. At that time Mukesh Ambani had 50 billion dollars. Anil Mukesh was not able to stand far and wide of Ambani. Mukesh Ambani is among the top 10 rich in the world today. Mukesh Ambani has assets of more than $ 85 billion. Whereas Anil Ambani has gone bankrupt today.