From $42 Billion to $0 – How Anil Ambani Lost All His Money. Sibling Rivary Just Like Tuskys

In 2008, Anil Ambani was the sixth richest person in the world according to Forbes, with a wealth of $42 billion. Twelve years down the line though, the brother of Mukesh Ambani has pleaded poverty to a London court, claiming that he is worth nothing.

[ATTACH=full]436927[/ATTACH]

After taking over the telecom, power generation, financial services businesses post the Ambani brothers split, all of Anil’s businesses are drowning in debts, with some of them landing in the bankruptcy court. The once billionaire is currently battling a lawsuit by three Chinese banks, which are trying to recover over $680 million they lent to Reliance Communications in 2012 under the condition that Anil Ambani personally guarantees the debt. The London court has now asked him to deposit $100 million in six weeks.

https://www.youtube.com/watch?v=G_H-BoEfwjo

https://www.thenewsminute.com/article/downfall-anil-ambani-42-billion-net-worth-zero-12-years-117944

atleast alikula bollywood stars mkia

This is exactly why inheriting a business is challenging unlike inheriting property. Any idiot can collect rent and pay construction workers and plumbers to do repair work. Running a conglomerate is a totally different story.

His brother Mukesh seems do be doing alright. Net worth about 100 billion according to Forbes.

A lean camel will always be bigger than a horse. Atul Shah wa Nakumatt leo atasema ako bankrupt, lakini kila mtu anajua wajukuu wake amewawekea billions kwa secret offshore accounts, ni madeni hataki kulipa. Anil Ambani is not broke

Forbes Magazine wealth calculations are often gross exaggerations. The only accurate calculation of wealth they have is that of people with holdings in the stock exchange, which is legally required to publish ownership. So people like Bill Gates, Musk, Zuckerbag…Everybody else, they guess according to how much flossing they do. Huyo Ambani was probably never worth more than $300-400m, when you factor debts his company had.

The Mukesh, Chopras and Patels of this world know how how to play jungus at their own game…the financial sector. A guy was probably worth 500 million USD, but caused banks to believe he was worth that 42 B. His credit worth then ran into billions and he borrowed bigly, and the rest is what we are reading.
i bet you Ndindu is all smiles:):slight_smile:

Kuna mwenye anaitwa Gautam Adani, Modi’s right wing man, eti ako na $123 billion dollars, that figure is very doubtful.

hawa wahindi huiba pesa kenya then transfer them to some dubious banks in India . zile umbwa wahindi za Delphis bank, imperial bank, Dubai, Euro, Trust, Charter House, Prudential ,Trade banks zimehepa na billions of dollars za kenyans na hakuna kitu wamewai fanywa . ule mhindi wa Triton hajawai letwa from london, Patni ni pastor akikamua ma lanye parklands . basically Indians have looted Kenya dry , Idi Amin was justified aliona mbele

prosecutors Amos Wako ni Senator enjoying his loot from his part , Philip Murgor kazi ni kuzunguka aki ongea ujinga , Noordin Haji kazi ni kulia allah akhbar,

Another thing banianis know is that most African countries have weak judicial systems that are also corrupt and highly skewed in favor of non blacks and foreigners. You cannot blame them for riding on our weakness

Idi Amin alikua na hesabu safi sana, part of the reason sipendi kuzimia ni hii upuzi ya kustukia vitu