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

Find out how one man went from $42 billion to zero! This is the story of how Anil Ambani lost all his money.

Legal Stuff.

[Quicksilver]

These people can never be bankrupt. They'd still have millions if not billions stashed away. They just declare bankruptcy to avoid paying debts and taxes

[VasilicaMardale]

As a fun fact: Ambani, translated in Romanian means “I have money”

[innotech]

dude still has every luxury you could want. Nobody feels sorry for him. But nor do I envy people like this. The stress of living that way is immense.

[blowemall]

2 major facts that you missed in this episode:
1. Dhirubhai Ambani nominated Mukesh as his successor
2. Reliance communication was Mukesh Ambani’s brainchild. He gave it up to retain control of Reliance Industries.

[uncleted]

If these two brothers worked together imagine how much they would be worth today. Greed is just something.

[waltissussybakka]

Oh boy, those were the days when the family's feud affected an entire country's economy

[Arigatohk-mjbq]

Moral of the story: slow and steady growth is better than rapid growth.

[nobertheck]

I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.

[ashman]

Anil may be broke on paper but he's still living the life that 99.99% of the world don't get to enjoy....

[MrJoeLeez]

Homeless: Can I have some spare change sir?
Anil: sorry I’m broke too.
Also Anil: driving off with his Lamborghini.

[sburton]

For me, living like a normal person, $42 billion should last me about 2 million years of living.

[tanayagarwal]

its all about names. Mu'cash' Ambani and A'nil' Ambani 😂😂😂

[ceechubbyhands]

I lost my lucky 2 dollar bill months ago and I’m still hurting 🤣I couldn’t even imagine losing billions

[alexroberto]

The Brothers entered a non compete for 10 years. The older brother entered the Telecommunications industry 11 years after the younger brother so there was no betrayal. The older brother still honored the original agreement even though he didn't need to.

[generalmedicine]

Mukesh Ambani is a great mind...with Jio he changed India...earlier we had very expensive 3G internet before jio came and also had to pay for calls. Jio changed the market by bringing cheap affordable 4G.

[martinerJuhel]

Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation which so far doesn’t seem to be easing off, so I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?

[utkarshdubey]

Jio didn't offer 4G internet at low cost, they offered it absolutely free 4GB everyday mobile internet to be precise.

[pdp]

I don't feel bad for them at all. A billionaire losing his money isn't anything compared to someone that can't afford a $100, 000 house. Or someone who can't even afford a house.

[saurodeepdutta]

If anyone's wondering, Jio offered virtually free data and connectivity for 2+ years when they were starting off.
All you had to do was pay Rs 99/-, about a dollar.. and that was it.
Changed data consumption in India

[EmilyNora]

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.