From $42 Billion to $0 – How Anil Ambani Lost All His Money

  • Published 5 months ago
  • 1

Anil Ambani was once a wealthy businessman, now he is not. His investments were once worth more than $7 billion. That was back in 2012.
At one point, he was also the sixth richest person in the world. But in February 2020, he declared before a UK court that his net worth is zero and he is bankrupt. Now, the veracity of that claim is in question, but he is close to zero.
Anil Ambani’s net worth is little over $90 million, but once you take liabilities into account, it is zero. Anil was the chairman of Reliance Group, created in July 2006 following a demerger from Reliance Industries Limited.
This documentary shows how one man went from $42 billion to zero. It serves as a good reminder to all to pay attention to how you spend and invest money.

From Around the Web

Related Videos

Toys have always been part of our lives. They have remained among the most popular items. Toys bring revenue of billions. It is no wonder every major company is trying to sell more...

  • 148
  • 1 week ago
  • Not Rated

This documentary takes us to South Africa and Zimbabwe and shows how southern Africans gradually came to grasp the destruction and suffering that would be inflicted upon them by wh...

  • 209
  • 1 month ago
  • Not Rated

Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China, is a city and special administrative region of China on the eastern Pearl River...

  • 184
  • 1 month ago
  • Not Rated

A supply chain is a network of individuals and companies who are involved in a creating a product and delivering it to the customer.It begins with the sourcing of raw materials, wh...

  • 437
  • 3 months ago
  • Not Rated

4,823 Videos / 17,984,041 Views

Related Articles
Escondida produces more than 1 million tons of copper per year, which is about 5% of the global production. That is even...
  • 4,056
  • 2 years ago
Facebook announced it will launch its own cryptocurrency, Libra, in the first half of 2020. How will it affect the marke...
  • 2,788
  • 3 years ago
According to a poll, Americans say you need an annual income of about $100,000 to be considered rich. In the poll, Ameri...
  • 4,275
  • 3 years ago
These days, most of the universities of economics and business in the world teach their students about the origin of eco...
  • 4,665
  • 3 years ago