6 days ago
Anil Ambani was once richer than Mukesh Ambani! in world's top 10 richest persons list, now how much wealth left with him?
After several setbacks now Anil Ambani is trying to revive his business with the help of his two sons Jay Anshul Ambani and Jay Anmol Ambani. He is also trying to come out of massive debts after some of his company has become debt free.
However he was not in a struggling situation since the start of his career. When the wealth of Mukesh and Anil Ambani was divided, Anil Ambani got companies like Reliance Communications (RCom), Reliance Capital, Reliance Energy, and Reliance Natural Resources. During this time his net worth was higher than his elder brother, Mukesh Ambani.
After the listing of Reliance Power, his net worth increased very much. During peak time his net worth was $42 billion (around Rs 3.5 lakh crore). He was the world's 6th richest person, ahead of Mukesh Ambani at that time.
In 2002, the combined wealth of the two brothers was $2.8 billion, which grew to $6 billion in 2004 and $7 billion in 2005. What Went Wrong for Anil Ambani?
After this success, Anil Ambani's companies faced setbacks due to poor investment decisions, market shifts, and intense competition. Reliance Communications (RCom) suffered heavy losses in the telecom sector.
Anil Ambani's businesses were dependent on heavy debts, which went out of control over time. By February 2020, Anil Ambani declared bankruptcy in a UK court, claiming he no longer had any major assets. Anil Ambani, Mukesh Ambani Current Net Worth
According to March 10, 2025 media reports, Anil Ambani's net worth at just $530 million (Around Rs 4,400 crore), far less than his earlier wealth. Whereas, Mukesh Ambani's net worth is currently around Rs 9.10 lakh crore.
One of Anil Ambani's companies, Reliance Capital, is being sold off to repay creditors. The Hindujas' IndusInd International Holdings Ltd (IIHL) was the highest bidder. IIHL has received approval to increase its stake in the bank from 15% to 26%, and the deal is expected to conclude once it receives clearance from IRDAI.
