Why Mukesh Ambani is not helping his brother Anil Ambani?

Billionaire Mukesh Ambani did not provide any financial support to his younger brother Anil Ambani to save him from going to jail in the Ericsson dues case, which settled in March 2019. No funds whatsoever were provided by Mukesh Ambani to Anil Ambani in a personal capacity, nor was there any gift.”

Why is Mukesh Ambani richer than Anil?

Mukesh got control of the oil, gas, petrochemicals, refining and manufacturing parts of the business, while Anil got electricity, telecoms and financial services. But which brother has gone on to be one of the richest men in Asia and which claims his net worth is zero?

Why did Mukesh help Anil?

Last year, Anil faced jail time after his company, Reliance Communications, failed to make payments due to Swedish firm Ericsson. In a surprise move, Mukesh swept in and provided the necessary cash for his brother, not only saving him from time behind bars, but also from a tarnished business reputation.

Who is older Mukesh or Anil?

Ambani is the younger brother of Mukesh Ambani and has two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaocar.

Is Mukesh Anil closed?

Not only did Mukesh and Anil’s mum, Kokilaben, broker a peace deal between the brothers when their feud first broke out, deciding to split the family business between the two, she has also been instrumental in creating peace between them today. This is why the cousins, despite their family feud, remain close.

What is the difference between Anil and Mukesh Ambani’s net worth?

But now after 12 years, wealth of the two brothers moved in complete opposite direction. According to Forbes’ real time net worth (on March 19), Anil Ambani’s assets were worth $1.9 billion, over 90\% less than what he had in 2007. Meanwhile, Mukesh Ambani’s real time net worth stood at $54.5 billion, over 10\% higher than what he had in 2007.

What led to Anil Ambani’s downfall?

Here’s a lowdown on the downfall of Anil Ambani: When Dhirubhai Ambani, the father of Mukesh and Anil Ambani, died in 2002 without a will, Mukesh was made the chairman and Anil the managing director of Reliance Industries, which at the time was a Rs 28,000 crore business conglomerate.

Why did Mukesh Ambani split his company into two companies?

However, trouble began brewing between the brothers and in 2005, the company was split into two. While Anil took over the telecom, power generation and financial services businesses, Mukesh kept the oil-refining and petrochemicals businesses.

Who is Mukesh Ambani’s father Dhirubhai Ambani?

When Dhirubhai Ambani, the father of Mukesh and Anil Ambani, died in 2002 without a will, Mukesh was made the chairman and Anil the managing director of Reliance Industries, which at the time was a Rs 28,000 crore business conglomerate. However, trouble began brewing between the brothers and in 2005, the company was split into two.