The Monthly Episode - December 2021 - The Billionaire Episode - 5
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The story of Ambani - the younger one - Anil Ambani Peaknetworth: $42billion Currentnetworth: 0 What would you do if you had $42 billion ? Well, Anil Ambani lost it all ? Too much ambition and bad timing made Anil Ambani lose $42 billion dollars to bringing his net worth to zero.
The Mukesh-Anil feud In the beginning, after the demise of Dhirubhai Ambani, the Ambani brothers stayed united calling themselves, “two bodies, one mind” and Mukesh stayed as the Chairman while Anil as the Managing Director but when you have billions of dollars lying around and two authoritarians, not everyone can manage them without a tussle. Both the brothers started taking decisions without consulting the other. Anil announced a power project without informing Mukesh and Mukesh restructured the entities managing the family’s share in the company. The last straw was Mukesh passing resolution with the board of directors that the “Managing Director would henceforth be under the overall authority of the chairman. Quarrels became never-ending with the directors from a subsidiary run by Anil handled in their resignations as an act of solidarity. It reached a point where the then Finance Minister had to intervene between the brothers.
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હાઇલાઇટ્સ

FROM THE EDITOR

FROM THE EDITOR

The story of Ambani - the younger one - Anil Ambani

The story of Ambani - the younger one - Anil Ambani

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