Anil Ambani Shocking Downfall: Dhirubhai Ambani was a visionary man and a person who knows the business. He came Mumbai with just Rs 500 in hand and with that amount he created a business that is recognised in the world. After his demise Reliance was divided into his two sons – Mukesh Ambani and Anil Ambani due to their dispute. Younger brother Anil Ambani got the Telecom Business Reliance Capital and Reliance New Energy. Mukesh Ambani got oil and petrochemical business. The story of both the brothers started from here that how one of the brothers become one of the world’s richest and another fell to bankruptcy. Anil Ambani And Bankruptcy After the property dispute Mukesh Ambani and Anil Ambani divided the business. Anil got the profitable businesses of that time and became the sixth richest businessman in the world. Having an asset of USD 42 billion Anil Ambani fell from heights to ground in a very less years. His wrong decisions habit of hurrying and lack of understanding of business became bankrupt. The situation became so critical that he sold his wife’s jewellery. Anil Ambanis Biggest Mistake Anil Ambanis business failures stemmed from poor strategic planning and execution. His rapid diversification into risky ventures coupled with excessive borrowing and a neglect of core business operations ultimately led to his downfall. He lacked foresight in his investments choosing ventures with uncertain futures resulting in significant financial losses.
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