News > Reason behind downfall of Anil Ambani, once richer than Mukesh Ambani

Reason behind downfall of Anil Ambani, once richer than Mukesh Ambani

By 2008, Anil Ambani had overtaken his brother in terms of wealth, and was positioned as the sixth richest person in the world with a net worth of $42 billion. 15 years since then, Mukesh Ambani has reached unparalleled heights becoming Asia’s richest person. On the other hand, Anil Ambani has seen his fortunes turn for the worse. Reasons behind the downfall of Anil Ambani’s empire have often been the stuff of speculations and market analysis.