Once The 6th Richest Man, Mukesh Ambani’s Brother Anil Ambani Is Now Rs 7999893 Crore Poorer; Here’s Why

 

Billionaire To Bankrupt

 

By Mashable India

11 July 2023

Anil Ambani Was World's Sixth Richest Man In 2008. His Downfall Is Often Pegged To Greed

In 2019, he was ousted of the billionaires club after his companies' valuations plunged.

Anil Ambani And Mukesh Ambani Family Business Split In 2005

While Mukesh got RIL and IPCL, Anil Ambani received Reliance Infrastructure, Reliance Communications, and Reliance Power. By 2016, Anil Ambani's Reliance Communications was merged into Mukesh Ambani led Jio Infocomm. 

Rafael Deal And Other Allegations

The opposition has accused the current regime of favoring Anil Ambani's Reliance Defence over HAL in the Rs 400 billion deal with French firm Dassault Aviation for Rafale fighter jet deals. 

Legal Battle With 3 Chinese Bank And Ericsson

 

The former Rajya Sabha member was apprehended by a Mumbai court in 2019 in connection with non-payment to Ericsson, a Swedish gear maker. 
In 2020, 3 Chinese banks filed a lawsuit against Anil Ambani where the UK court asked the former billionaire to pay the banks US $ 716 million.

 

Bailed Out By Brother Mukesh Ambani

Fortunately for Anil, he was bailed out by elder brother Mukesh Ambani, despite the family dispute. 

Anil Ambani Is Married To Tina Ambani

They have two sons - Jai Anmol Ambani and Jai Anshul Ambani

Elder Son Anmol Now Helms Reliance Capital