Anil Ambani was once 6th richest person in world, far richer than Mukesh Ambani, but lost everything due to…
Anil Ambani and Mukesh Ambani (File)
When the wealth was divided between Mukesh Ambani and Anil Ambani, the latter received big companies like Reliance Communications (RCom), Reliance Capital, Reliance Energy, and Reliance Natural Resources. This distribution gave Anil Ambani global presence and he became even wealthier than his brother Mukesh Ambani at the time.
Out of his companies Reliance Power gave him so much wealth. At one point, with a net worth of $42 billion (around Rs 3.5 lakh crore), he became the 6th richest person in the world, surpassing his elder brother Mukesh Ambani. In 2002, the combined wealth of both brothers stood at only $2.8 billion. This grew to $6 billion in 2004 and later to $7 billion in 2005. What Went Wrong for Anil Ambani?
Despite this success, Anil Ambani's companies started struggling due to poor investment decisions and changing market conditions. It also faced intense competition. Especially, Reliance Communications (RCom) suffered massive losses in the telecom sector. The Debt Trap:
Anil Ambani's companies relied on debt, which became unmanageable over time. In February 2020, he declared bankruptcy in a UK court and claimed that he no longer has major assets. Reliance Capital's Crisis:
Another major company of Anil Ambani, Reliance Capital, is being sold to repay creditors. IndusInd International Holdings Ltd (IIHL) from the Hinduja Group was the top bidder for the same. IIHL has received approval to increase its stake in the bank from 15% to 26%. The deal will be finalized once clearance is obtained from IRDAI. Anil Ambani Current Net Worth
As of March 10, 2025, reports estimate Anil Ambani's net worth at just $530 million (around Rs 4,400 crore) which is far less if compared to the wealth during the time of dispute. His brother Mukesh Ambani's total wealth is currently valued at Rs 9.10 lakh crore.
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