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Jaswanth Jegan
Founder-Hexpertify.c... • 1y
"42 Billion Dollars to Zero" Billions To Bankruptcy #1 RISE and FALL of Anil Ambani Anil Ambani is the youngest brother of Mukesh Ambani.After the death of Dhirubhai Ambani the company was split equally driven by a feud between the brothers over control and strategic direction in 2005. Anil took control of Reliance Communications, Reliance Power, and Reliance Capital. Initially, his businesses flourished, and Anil's net worth soared to 42 Billions. Anil expaned quickly in power generation and telecom intially it was a success but started falling due to high debt and intense competition. A family agreement was made within the brothers to sell natural gas at a fixed lower price to Anil but later on Mukesh sold it at market price Anil took it to court but failed because the gas belonged to the government and must be sold at government-approved prices which afftected Rpower. Anil's every companies started facing distress by 2020, Anil Ambani declared that his net worth was zero.
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