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Admit one · Economics

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

Opened Runtime1 min Written byRiyan H.
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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.

Quick Recap

Bestseller No. 1
Sam Walton: Made In America
Sam Walton: Made In America
Author: Walton, Sam.; Publisher: Bantam; Pages: 368; Publication Date: 1993; Edition: Illustrated
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Titan: The Life of John D. Rockefeller, Sr.
  • From the acclaimed, award-winning author of Alexander Hamilton: here is the essential, endlessly engrossing biography of John D. Rockefeller, Sr.—the Jekyll-and-Hyde of American capitalism.
  • In the course of his nearly 98 years, Rockefeller was known as both a rapacious robber baron, whose Standard Oil Company rode roughshod over an industry, and a philanthropist who donated money lavishly to universities and medical centers.
  • He was the terror of his competitors, the bogeyman of reformers, the delight of caricaturists—and an utter enigma.
#1 Best Overall
Sam Walton: Made In America
  • Author: Walton, Sam.
  • Publisher: Bantam
  • Pages: 368
  • Publication Date: 1993
  • Edition: Illustrated

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