From $42 Billion to $0 - How Anil Ambani Lost All His Money
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- Опубликовано: 7 мар 2022
- Find out how one man went from $42 billion to zero! This is the story of how Anil Ambani lost all his money.
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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
Soo true
True
totaly agreed
It also means ,they would never be able to start another business ever again especially a successful one ,that means they'll have to go live inside their billion dollar houses and live out their rest of their life basically doing....... nothing!, which i don't think they would love too
Exactly.
That's very common for many entrepreneurs rather a growing trend. This way they're protected financially
As a fun fact: Ambani, translated in Romanian means “I have money”
Wow thats pretty interesting
🤠 Hmmm, thanks for info.
Really?!! No that can't be true
@@nazishjaffri758 yeah:)))
"Am bani" really means I have money
Thanks for this fun fact but it looks like Anil Ambani doesn't have the money!
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.
The key to big returns is not big moving stoc,ks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investng to day trading.
@@ariannamasonwright Even with the right technique and assets some investrs would still make more than others, as an investr, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a maket analyst for guidance which is how I was able to grow my account close to a million, withdraw my proft right before the correction and now I’m buying again
@@ethanxavier4507 That's quite impressive! I could really benefit from the expertise of these advisors, as my portfolio has been performing poorly lately....who is guiding you?
@@husseinhodrob Alice Elaine Hayhurst, the coach I use, is well-known. She has a large online presence, so simply search for her.
@@ethanxavier4507 Thank you for pointing this out. It was simple to locate your handler; she appears to be very capable and adaptable. I scheduled a phone call with her.
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.
Dusra beta bakchodi karega toh yehi hogan😂😂😂
Ph
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.
🌬📢 I'm sayin. They s🤢und
b🥱ring af to need sh*t loads of materialism around them.
@@JBanks333 i mean like once basic needs are met, just enjoy what you have extra. Dont need a 600 foot tall house. How much of that is just unused space? All these mansions have 20 foot ceilings for what reason? it doesnt even feel comfortable or cozy.
Mah nigga if you have a big house and a lot of rides you need a lot of money to keep it going like paying the bills, repairin and all that shit which obviously he had lost or almost lost so its a headache in its own. And the only way would be to sell the big crib and the rides and settle in a much smaller house. That way surely he could keep it goin. But obviously he must be reluctant to do that cause then people will say a lot of.. bad stuff know what im sayin.
@@waqas1358 just the maintenance heaches are a big nope from me. And you have to hire people for security and all that. its a business unto itself just keeping everything going. No thanks. Not my idea of a fulfilling lifestyle
The stress of living poor is even more immense. I'd rather be rich with a bunch of problems than being poor with none.
Oh boy, those were the days when the family's feud affected an entire country's economy
SERR STOP THIS VERY FAKE NEWS PLS DELETE!😡😡 WE INDIAN ALWAYS VERY RICH ! WE SUPE STRONG! 😡 THIS WHY IM SO LUCKY LIVE IN SUPER INDIA 🤗🇮🇳 THE CLEANEST COUNTRY IN THE WORLD WE NEVER SCAM PPL ! AND WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗
Lol
Oops
looool
yea....all brothers in india would be jEaLoUs after this LOL
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?
It’s a good time to buy in on the market, so seize the opportunity to purchase stocks on sales.
There are still quite a few stocks that make for a good buy this season; you just have to do your research. However, to be on the safe side and avoid second-guessing your market decisions, I'd suggest you seek out the advice of a qualified investment adviser. They are better equipped at understanding market patterns/movements and adjusting portfolios to match up with these market trends.
@@worldclass097 my portfolio is down over 15% just last month alone and It’s been that way for the best part of 2022 and I really could use professional help, I’m close to retirement. have you worked with an investment adviser before and could recommend any?
@@caroamira I work with a coach named Susan Lorraine Curry, who is well-known. You can just search for her online because she has a large online presence.
@@worldclass097 Susan Lorraine Curry really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.
As with any big financial decision, it’s important to keep your guard up for economic risks. However, smart planning, time management and seeking advice from a financial adviser can help keep you and your money safe.
@@AstaKristjan I agree with you. I ventured into stock with less than $100K, and now I'm about 17K short of half a million dollars. Credits to Kathleen Yanelli Carole . She's verifiable.
@@simonbad Fantastic! can u share more details?
@@IrenaDolinsek She is available on the internet for your reach.
Don't fall for it
If these two brothers worked together imagine how much they would be worth today. Greed is just something.
It's a cynical ploy to fool the. Gullible Indians.
@@ggg-oj4hs somehow I am triggered
who knows, maybe without their childish rivarly constantly trying to one up each other they wouldn't have been billionaires.
Theoretically it may seem like that but practically it might have been a disaster
If two brothers worked together
Reliance would have gone bankrupt
Moral of the story: slow and steady growth is better than rapid growth.
Rapid growth is fine, it's excellent even, the problem is over extending oneself. Anil entered the mobile telecommunications industry and needed constant sales and revenue to remain profitable. When his sales started slowing down, he decided to borrow billions of dollars, which he then couldn't pay back and had to file for bankruptcy. His brother is a perfect example, he had equally rapid growth and success but he managed his businesses and his money correctly, and ended up doubling his net worth to almost 100 billion dollars, while Anil was losing money and taking on huge amounts of debt. Anil seems to have been motivated by all the wrong reasons, and chose to take huge risks that didn't pay off and he lost ungodly amounts of money by trying to compete with his brother.
Not so sure it is working out so well for Jeff Bezos, compared to Elon Musk
No
No you are wrong a good growth is growth which is both rapid and steady
@@secretunknown2782 Try telling Elon Musk, Rapid and exponential!
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.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
@@PatriciaMary11The Fin-Advisor I'm in touch with is "Karen L Nancy". She was interviewed on CNBC Television. You can use someone else, but for me her strategy works hence my result is good and she provides entry and exit point for the securities that I focus on.
Karen L Nancy is a stock prodigy and has handled my trade for 2 months now I have made over €10k in my portfolio.
Successful people don't become that way overnight. What most people see at a glance - wealth, a great career purpose is the result of hard work and hustle over time.
Just like a sport, the players need a good coach to guide them well as to win a match , so as a beginners needs the guidance of a good expert to make profit.
It is good we acquire as much wealth as we can, most people fail to understand what it takes to become wealthy, they want to become wealthy overnight by thinking their savings will help them attain that, they fail to understand that investment is what truly builds wealth. I advise you all key into investing and earn side money than depending on your savings if you truly want to be wealthy
Here in Canada Expert Mrs Shanita Creswell carries out both orientation and mentorship
I stumbled upon one of her clients testimonies and decided to try her out... I'm Expecting my third cashout in 2days
Is her trading service in Europe?
There is really no country restriction in her company, I'm investing with her from Australia.
When someone is straight forward and good at what she does, people will always speak for Expert Shanita Creswell of financial education give her a try and you will be happy you did.
Anil may be broke on paper but he's still living the life that 99.99% of the world don't get to enjoy....
What do mean he is broke right now
It is ridiculous, especially when you realize how poor many Indians are.
@@SpiderMan14253bc his brother has over $60bn and lived a life of luxury
@@SpiderMan14253he’s saying he’s living a good life because of his possessions
@@ggrocklee. That's typical Indian businessman. They all claimed they owned nothing. So no debtors can touch them. Meanwhile they live in a lifestyle that 99.9999% people only can dream of.
For me, living like a normal person, $42 billion should last me about 2 million years of living.
No because saying it would last you x many years says you are only thinking about yourself. You can't make, or retain wealth thinking only about yourself.
21,000 usd a year... idk
@@abhinavsharma-xb5bq pretty good salary.
sounds extravagant NGL
@@abhinavsharma-xb5bq pretty good salary especially if you're single with no kids, however if you married and have allot of small children to support, then $21,000 a year might be a little tight, but still even if you double it to $42,000 a year, then that can still last you for 1 million years. I could imagine that life on earth may be allot different in 1 million years. Think how humans were 1 million years ago.
Sad and frustrating story, these two could have been the two of the most powerful men in the world if they worked together.
Feminists say NO
Rothchild family says NO.
@@mas-udal-hassan9277 eh, as a feminist i say hell yea
mukesh is in top 5 richest men list
There is always a Wife in the background
Thank you for the informative video. I always prioritize diversifying my investments and never invest my entire savings in one specific type or area.
I believe it's important to set achievable goals and have a strategy that includes limiting potential losses on a weekly basis. This approach is both logical and can provide passive yet rewarding returns.
Every investor dreams of finding a strategy with near-perfect success rates, even if not guaranteed at 100%.
In terms of the crypto space, I personally took two months to learn the importance of operating in the right manner, and it was through adapting that I was able to save myself from potential losses. I am grateful for the expertise of John Joseph in this area.
What makes John Joseph stand out from other account managers is his ability to adapt to changing situations. His managerial skills are unmatched, and his weekly signals have proven to be profitable. Many others are working with him as well, which is a pleasant surprise.
Wow, that is amazing to hear! I'm glad that John's trading strategy and services have been so effective for you. Doubling your monthly salary in just seven working days is truly impressive.
Homeless: Can I have some spare change sir?
Anil: sorry I’m broke too.
Also Anil: driving off with his Lamborghini.
This family is hiway robbers.
we're abt too see a looooot of that
Where is he going to drive a Lamborghini on the crowded, poorly maintained Mumbai streets???
@@dragonchr15 man you haven't really seen Mumbai have ya? Well i have and i assure you its not how foreign media make it look like😂😂quit believing everything you hear in Hollywood movies and come to Mumbai if you can and see for yourself your thoughts will change
@@dragonchr15 that happens when the only image you have seen of mumbai are of slums or the busy bazaars
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.
Didn't realise that, didn't do that much calculations lol
But he did respect his mother's word
@@playing1042 should of watched the video then
True. Which means that Mukesh may just let his brother live off him for the rest of his life.
They seem to have a good family upbringing. I guess this time the brothers may work together... For the clan
@@bipee3937 rich brother let's little brother live well but will always be the powerful one now
@@london_james that is what WE see. To them this may just be a family game of monopoly.
I've learnt alot from this story, thanks for putting up this vid, God bless you🙏🏽
Excellent family feud rundown. Thank you
I lost my lucky 2 dollar bill months ago and I’m still hurting 🤣I couldn’t even imagine losing billions
How about $42 billion? Lol
😂sorry that two dollar bill was neither real or lucky, so you’re actually luckier without it.😂😂
Very funny😂😂
@@beverlyrhame3692 tbh it was a silver certificate 🤣
@@ceechubbyhands5908 😄👍🏽
😂😂
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.
Also bought the prime minister .
He just gave it free for 1 year
@@Bollywood_Hater Ambani family was friends with the prime minister even when Gandhi family was in power
@@kaushlendrarana9331 obviously not possible to give it free forever...now we only spend on internet ...calls are free...and that is why other companies like Airtel etc had to lower their internet rates similar to jio and make calls free. Had it not been for Jio then airtel, vodafone etc would have still been charging us what they used to charge us before jio and no free calls
Really helped get rid of British Vodafone
This was an awesome production; it summarized a very complicated saga into a cohesive narrative. In fact, this video (unintentionally) uplifts the image of Anil a little bit in the eyes of an Indian viewer--which sort of testifies to its bringing out some hidden facts. But one thing that was outside the purview of this video was that Anil's companies, especially Reliance Telecom, were horrible in their ground operations and how they treated small contractors across India.
You did a very great job with this video. I love it.
Once again and over and over again, wee see that Greed, Envy and Ego are the things that take families to ruin.
Even more scary is that nowadays these 3 things are ruining the entire world and human kind.
We get these 3 things because we naturally assume that it is the answer to our solutions but it wasn't. Those business decisions Anil was making is really unpredictable and uncertain so I didn't know he ended up tumbling down completely.
I can relate this to my own life here that my brother has a successful business with his scan, photoshop, and printing in his unit that was given by my parents since he's the eldest child of the family. I'm the second eldest and I didn't get any success. My dad brags how successful he is and he said to my that I'm not lucky to have that wealth so I feel sad and angry. I've been evasive from being convinced from my dad to let me work similarly with my brother but I choose to stay distant from them because I don't like the feeling. I'm not really close with my brother so he's not going to be an easy person to get along with.
The business I want to earn for has to be something simple and can let me live normally than rivalry so yeah... my future is uncertain.
I can definitely guess if Anil's dad would be making fun of his failures.
@@MyFirstHandle cmon man, you saw the example right ahead I'm sure of it. I can see what you are going through, but don't worry Focus & Consistence On your work will take you where you want to be. Ignore the negativity :)
All the best 👍
Never has a truer thing been said! Greed and selfishness are the biggest downfall of not only people but the whole planet!
All these make it easier to fall to the side of Satan, hatred, murder, envy, greed, Fornication, adultery, etc.. it only contributes to destroy lives and prevent humans from getting the blessings God has prepared for man, A billion years enjoying yourself on the beach is a massive loss.
@@bulkhammerii3419 *sin
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
No wonder his brother went bankrupt. No company can contest that deal. The network is 3G or 4G
@@phanhuyduc2395 4g data for free
@@phanhuyduc2395 these days we are paying around 150inr i.e 2USD per month fir 1.5gb/day data abmnd unlimited calls on jio.
Amazing, they could have complemented each other so well! That is really a good conclusion in the end.
Excellent analysis, very smart comments. Mukesh was a great business man, he took the right decisions, invested in the right fields while Anil took more risks, gambled and failed. He could have been richer than Mukesh but unfortunately for him, this did not happen. Anil invested in more high-risk businesses that were relying (No pun intended :-) ) on a lot of technological investments. He was walking on a tight rope and he fell.
Mukesh I’m sure wasn’t impulsive but was patient unlike his baby brother. Both have totally different character which resulted in their diferment fortunes.
Simply, Mukesh owned cash generative businesses (after capex) and Anil didn’t.
Jio didn't offer 4G internet at low cost , they offered it absolutely free 4GB everyday mobile internet to be precise.
Now they are slowly increasing the prices of plans 🤦♂️
To get the master database of most of the population of Indian especially getting the data of users that are not on internet. Because he made those people buy internet sim that have never used internet in their life...
First 1 year , it was free, that is to test the backend traffic and to do changes in real time to hold the real time traffic and also to test the billing system's accuracy. Later on , they charged and now increasing its fees to book profits.
@@solok4150 inflation, bro
If you get the state infrastructure handed over to you on a platter, even you can offer something for free everyday!
People like him never go back to zero, they know the system so much they can get away with stuff regular people would to jail for.
Wish someone like that would write a book on personal finances.
Go back? He was never there.
In some cases people like that become the President of America, incite hatred and extremism and are loved for it.
Hallasakoszonom a josagotokat❤❤❤ Nagyon boldog bekes szep estet kivanok csaladjaitoknanis!!❤❤❤❤❤
Dude, this video is like a goldmine of wisdom that can seriously change your life! The way the teacher breaks down stuff is eye-opening. It's like a roadmap to a better you, shining a light on how to live your best life.
Bickering brothers....sounds like an episode of "Dallas" !!
23:15 "...with Mukesh's ability for business building and Anil's people skills, who knows what heights the already hugely succesful Reliance Corporation could have reached if they'd put their egos aside, and learned to work together." 😥
I guess thats what happens when they were raised to compete with each other
@@veerand7038 true..
It was not their egos. Anil was very clearly advised by even his father to not enter politics. Their motto was. "Don't be a king,. Be a king maker". He ignored that advice and paid the price.
Why? Anil just seem like too much of a trouble maker. His brother manage to grow the empire without him, anyway. So why should he rely on an unpredictable guy like that
Them "working together" clearly initiates some type of self-destruct sequence, and with their homes towering over the slums, at least one of them is somewhat neutralized in a way that leaves him cognitively incapable of helping himself.
I think most billionaires would probably have some type of hidden investment or cash reserves so I do think hes probably doing just fine
ya i was looking for this comment, like theres no way he dont have 10 million to his name at least right, like unless he has gotten it illegally and he gets it taken from him
Definitely. These filthy rich are not stupid ( money -wise). Hoohumm-- I like having
enough money to get by with some saved. I really don't need all that non-liquid
BS. Gaudy and show-offy, like 6th graders.
Samee that’s true
bet theirs a semi load in some foreign bank... that would be 2 billion or 1000 million
X 2.
True, like in Dark knight rises.
Great story! Thank you.
Well with the economy and stocks at where it is now, I'd be disappointed if people weren't making any error on their portfolio at this time, it was much easier to navigate during the bull-run, regardless I still see and read articles of people pulling over $225k by the weeks in trades, how come?
@@jamesvigor6409 The US Stock market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable, considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look, I’ve netted over $850k in the past 10months and it wasn't some rocket-science start. I applied , I just knew I needed a firm and reliable technique to navigate better in these times, so I hired a portfolio advisor.
@@obodoaghahenry9297 That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the init-adviser you're using?
@@marcelrobert9569 She is Julie Anne Hoover my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy
@@obodoaghahenry9297 I did check her out, I see why she's booked up, her creds/resumé is topnotch. I booked a consultation with her regardless.
I once was a billionaire too. I had billions of Zimbabwe dollars
What you do with it ?
@@daedae1522 bought a loaf of bread
I heard they had a thousand dollar bill at one point ✋🏽💀
@@solaris5922 that’s nothing, they had a 100 trillion dollar bill at one time
@@solaris5922 bro they had a 100 trillion dollar bill. $1000 in zimbabwe was (is) worth so little it was probably more expensive to print than it was actually worth
His life is by no means "riches to rags" if you add up all his assets and hidden cash, he's still a multi-millionaire if not a billionaire.
But the debts?
Exactly
@@healthandfitness2354 the debt is clear now he lives a normal life now
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
@@rajeshupadhyay5683
I'll suggest you lookup Priscilla Dearmin-Turner, she's our real investment prodigy since the crash and have help me recovered my loses
great for motivating new traders and those who have already failed BUT trying to get back to developing the business.
Very good explanation and a lesson for future.
Fun Fact: Jio offered free sims and free unlimited 4g network for almost 1yr hence bankrupting many Indian telecom majors.
Jesus! how could the company keep this up for a whole year
@@newt2120 they burn money for starter
@@newt2120 Ambani have billions to burn. After a year almost 50% indians shifted to jio and then they raised the prices. And now they are making much profit. Business minded family
Unfortunately, when a company files for bankruptcy, it is the company that is broke, and not the individual, because insurance companies bears the burden.
Lmao really?
Every country has different bankruptcy code
@@shashankjain8972 yeah in my country it also strips all the money out of your own pockets... all your debt will be gone but you'll have ZERO to your name
franklyn freeman: I'm not a lawyer but i think it's the stock oweners that bear the burden, unless it happens to be a privet company
but he did give a personal guarantee, so if the trial was conducted fairly, he would have had to pay up the guarateed sum
Honestly happy with the events of this. Anil deserved this for the way he acted at the beginning of the story
Creating multiple sources of income is highly rewarding. It helps in planning adequately for the future. Notwithstanding; it's quite a herculean task for one to go into trading or investment without a sound knowledge or guidance from a highly skilled expert. what's your take?
Trading with an expert has been the best way of making huge returns from crypto currency.
The common mistake we newbies make is without help and legit guidance from a professional.
@@tracyh1222 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Rheagan Max Deplonty last year at a startup funding event in Washington DC.
He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly.
Job will pay your bills, business will make you rich but investments make and keep you wealthy, the future is inevitable.
I still admire him because he didn't escape from India when he became bankrupt unlike Nirav , Malaya , etc.
yes still a fighter, a sportsman at heart, wish him a financial comeback ..
just because he has his brother in his back.
Yea Basically He "Brokered " A Defence Deal With Govt Of India. So He Can Still Make Big If Govt Keeps Blessing Him.
@@BuzzOff2022 I think that defense deal for patrol ships for the Indian Navy also failed. Later GRSE Of kolkata built the Patrol ships. Idk i may be mistaken.
@@shikharashish4839 not only GRSE ..L&T shipyard also .....
does that mean he only flies first class from now on, no more private jets?
@Jigsaw:
He also owns a fleet of luxury cars, a jet, a helicopter and a yacht. However, he told the court that these possessions were owned by corporate entities rather than by him personally.
The luxury home Anil Ambani stays in, is one of the most expensive homes in India.
The Panama Papers say that he has 18 offshore companies in Jersey, British Virgin Islands (BVI) and Cyprus, set up between 2007 and 2010.
Excellent question.
He still has those jets, yachts and cars in the name the companies he owns.
Lolol
He's still a billionaire
Well summarised!
In light of the impending recession and the fact that inflation remains above the federal reserve 2% target in this time of conflicts and war, several leading market analysts have expressed their views on how dire they believe the economy will be, next recession and how far stocks may go. I need advice on what investment to make because i want to build a portfolio for my children that will be worth at least 800,000 dollars
There are many interesting stocks in many industries that you could follow. You dont have to act on every Forcast. So i suggest you work with a financial advisor who can help you choose the best time to buy and sell stocks or ETFs you want to purchase.
Only a good FA guide will be enough to guide you through the current market volatility. I've been talking to an advisor for a while now, mainly because i don't have the experience or stamina to handle these recurring market conditions. The fact that he made over $300,000 proved that there is more to the market than the typical person is aware of. The best course of action now is to hire a financial consultant, especially for people who are nearing retirement.
Wow, would you mind telling me how i can use your service to get in touch with this financial advisor?
His name is Derrick Alan Sands.
He has been providing both entry and exit points for the values i focus on. You can make a quick check on him.
I was initially feeling skeptical to work with him but decided to give him a try and He really proved himself.
What then does he stand to gain in trading for people?
It's really amazing how much an ego can cost. All he had to do, right from the start, was concede that his brother was better at managing the family business and leave it at that. But, no.
Ego has been the downfall of many
Personality trait hard to change .
I don't imagine that the big brother is completely innocent either
It is not just that person. Usually there will be a gang of 'yes men' stroking their ego, influencing them and benefiting behind the scenes. It would be great asset if these big shots can tell the difference between these moochers and genuine friends/employees.
The solution was simple yet he wanted to flex.
95% of those $42 billions were wiped out when the stocks price tumbled. All these billionaires are paper rich. They don't actually have billions in their bank accounts, otherwise why would they still rely on banks and investors for.
you dont understand finance do you :D banks and investors money is cheaper in terms of interest than the company''s own money since they could invest somewhere else and get better yield return than if they used the money. They teach this at college but just take away you usually want to use banks money cuz it has more benefits than spending your own.
And the money in your wallet?
5% of 42 billion is still more than enough for 10 lifetimes
@@kovam1234 🤣 I think he learned finance from gossips
Thats Right👍
Great video summary
It really goes to show that having endless amounts of money is still not the most important thing and feelings of jealousy or inadequacy are much more complicated problems to solve.
The man is way ahead of his time and all the lawyers! Fact that he still has millions of dollars left with him despite the deep debt. He is just like United States!
Yawn.
Just like the United States? Just like every country on earth.
What kind of fuck logic is that
@@splint3048 OP looking for an excuse to dump on the US, something that is right under the surface for about 65% of Indians
It’s funny you say that because all these other countries that have so much money can get in their pockets and help others as we do. Everyone’s so quick to talk negative about America but sit back during disasters or have their hands out when a disaster happens
I love coming home from work and watching BEAMAZED videos!! Thanks alot I love this channel!!
So glad you enjoy it!
@@BeAmazed hi
@@BeAmazed you got the dates mixed up here
me too
Thanks for all you have done Sir, I truly appreciate your help and support towards the recovery of my lost funds.
Thanks for a very entertaining story👍
No one knows they have a sister who's lowkey married to a normal middle class man and humbly living her life
Step sister
@bhaiyajismile1As another person has commented, it's his step sister'.You better stop making false comments. Mention the word'Step sister". Please Godsake. Do not feed people with missinformation.
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.
Learn how money works.... What are you invested in? How much of your income is going to investments? If you tell me none then it's your fault you are broke.
Bro, someone's hell is someone's paradise, u just can't compare a middle class man with ex-Billionaire, he still will have 100M $, but it's just spare change for him
Billionaire on stock market not real money.
They cost 5-8X that much where I live, renting an apartment for $3k / mo
@@jaewhite2462 facts
I love a lot to watch these videos on my TV. Absolutely love your videos.
this is my first video i watched from you. I really enjoy the extra animations you added to make this video unique. Got my Sub!
Anil is one of the honest businessmen. Unlike other bankrupt businessmen who absconded to other countries without paying the debt and eventually burdening tax payers in India, he tried to pay most of the debt.
Appreciate his honesty here.
the video tells exactly the opposite
He can't.. out of India Chinese banks will hunt him down
@@Avtomatik I think he means Mukesh ambani (other brother)
"Honest" is a bit of a stretch lol...he was named in the pandora papers with ties to 18 offshore firms
Has he returned all money, or still trying to repay the amount
Wonderful story of unity and respect for family value. Look forward for more of these kind of stories.
Interesting video. In high-profile cases such as these, the loss of goodwill is way more detrimental than any financial upheaval. In business there is always a certain risk where the business can end up losing a lot of money but this debacle absolutely ruined Anil Ambani in terms of his social standing. So much so that all his super-elite, super rich celebrity friends shunned him and his family. People would look through them at parties as if they didn't even exist. It was brutal. His wife Tina routinely hob-nobbed with the top Bollywood stars as she was spearheading many social causes and would organize events to raise funds. All her influential friends vanished overnight and blacklisted her from every event. Mukesh Ambani's wife Nita who was initially relatively off the social radar has now become the obscenely extravagant Reigning Queen of Cultural Events, Art, Sports and other philanthropic issues after dethroning and obliterating her sister-in law.
Brothers should be the closest allies and friends. So sad that business and money get's in between that bond...
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Easy way to build wealth for the next all generation is to consistently invest in trade , and watch them grow ?
It quite interesting to know over 97% of the billionaires we know are all secret investor in crypto, that were they grow their billion dollar portfolio
Initially, my intentions was to start trading Bitcoin full time, I also need good mentorship. Thanks?
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Sibling rivalry started when they were young by their Dad
Having them run and compete with each other for incentives Started that feud
That is probably the main reason the father didn't have a will when he passed away he wanted his sons to still compete against each other instead of working together.
They didn't compete with each other, both of them got a box of mangoes
@@RealAryanGupta if one of the boys doesn't run, the other gets a box of mango. It's competition either way. Children are natural rivals
I can't agree more. I strongly believe their dad in particular contributed to this.
@@greatmorning4Life how many families go through this where big brother believes he must be above the younger .
Talk about sibling rivalry in the extreme.
If I had been Anil I'd have just said "fine, you can run the company, just give me a fair share in a yearly stipend or trust"
The greed of billionaires is just legendary.
Man, I'd consider myself rich if I had a million dollars.
16:50 If you want to know how cheap Jio is hear this.
Labourers in dubai take a jio sim in india and activate roaming for dubai when they go UAE. Its actually cheaper to call home this way than getting a local sim
Damn nice work mannn.. u must have done a lot of research for this.... good work and thanks!
A lot of Indian RUclipsrs should thank Reliance too for making internet accessible at an affordable prices
We, as public,are happy
That's more than enough
Do You know that 5g in jio company is free if mukesh ambani make it chargeable me and my friends will also go bankrupt
I knew this was going to be an amazing story
Well narrated ,
This "Riches to Rags" story reminds me a little of the two brother's Malvinder and Shivinder. Their dad built up Ranbaxy which they sold to Japan's Daichi Co for $5 Billion dollars or so. The sale had some serious disclosure issues. Now after much wheeling and dealing and litigation they're broke living in Tihar Prison saddled with massive debts.
.
Great stuff as always 👏
Whoever is behind the edits should get a round of applause 👏👏👏 All the animated facial expressions added to their real faces are so much fun to watch. The edits really made me laugh a lot throughout the video 😂 At 17:46 the unexpected source wearing a superman cape was enough to shock me 🤣🤣 It's the best part of the whole video. I haven't laughed so much in a long time. Thank you so much 😂🤍
9 actually
Thank you so much 😀
@@BeAmazed you're very welcome! 😊
@@BeAmazed Give that man a raise without these clever and we'll executed animations we'd just be staring at a blank screen and just listening to your voice lol 😁 keep up the great content
@@luciferkultz maybe am unpopular 😐🙂
16:13 watching drama😂😂😂😂😂the details you’ve put into this video is amazing 😂
Terima kasih!
I know brothers like that, I have 7 of them, but I think his idea of Rags is a lot different to mine. Egos & greed. An excellent presentation, thank you.
+1
You are also among the greedy
~source : 7 brothers
At the end of everything I love how we're gonna die and leave it all behind
Amen 😂😂😂😂😂
Staying low key and developing a steady strategy is definitely the key
This story would make a great movie.
When 42 billion is not enough, you don't deserve even 42 cents...
AMEN
True. Greed is what brought his downfall like so many others.
After some point it's not about the money it's race to get on the top
worst piece of advice
The way you explained the story and editing is jut amazing
But really Jio was a bang in india almost all parts of india got access to internet
i too use it 😂
Not just that, we got fast internet for 2 years on less than a dollar
SERR STOP THIS VERY FAKE NEWS PLS DELETE!😡😡 WE INDIAN ALWAYS VERY RICH ! WE SUPE STRONG! 😡 THIS WHY IM SO LUCKY LIVE IN SUPER INDIA 🤗🇮🇳 THE CLEANEST COUNTRY IN THE WORLD WE NEVER SCAM PPL ! AND WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗
@@2ballz543 Hell ya
मुझे खुद इतना नही पता था, good research✌
Good Research
One thing not covered here, mukesh bought entire infrastructure of anil reliance mobile network to strengthen his jio mobile so he can be no1 in no time.. In exchange of that, he gave 80 million saving him from arrest.... So no favours... Now jio is 33% of indias mobile customer share
Lesson learnt
*"Comparison and Jealousy will trigger Greed and Greed will burn the ladder you are climbing from Bottom."*
This is an incredible story. And very sad.
It’s amazing successful old people never think they will die. Rather do sharing upfront while alive.
Fun fact: In Romanian "Ambani" literally means "I have money" :)))
Now In India Ambani means Rich Guy
One thing his father died IN 69 ????
Eu em bani
Lol
@@amjad3021 and?
Those hunting and stacking gems during this period in the market are going to be millionaires later.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@@Jme--- As you know, It's a fragile season now, so you can do little or nothing on your own. Hence i will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on. I made over 80% run-up in net profit which is like 10x more than I make on my own.
@@Patriciacraig599 I agree with you on that, With the rate of inflation ravaging Russia and the world at large, the economy is heading towards a severe recession and The best way to find that balance between saving and living is employing the services of a professional.
@@instinctively_awesome8283 I agree with you, I was able to outperform the market during this inflation and raise a profit of roughly $200k. Thanks to my coach Nicole Ann Sabin
@@Alejandracamacho357 Thanks. Found her webpage and left a message after looking her name up on the web. Hopefully she responds soon.
Nice work
Interessant Story
In 2007, I actually lost money by subscribing to Anil's Reliance Power, he was also owning finance company by the name "Reliance capital" and it was valued more than HDFC Bank (may be in 2008). Today HDFC Bank has market cap of more than $100 billion and Reliance capital has bankrupted.
Indians got cheapest Mobile data due to Mukesh's Jio, no one can deny that. Now Mukesh is involved in green energy.
Really...?? How exactly did you lose money..??? What were the factors that led to you losing capital..???
@@jlyngdoh5608 he invested in that company
Anil borrowed money for his telecommunications co. but didn't use the money to upgrade to 4g. He had until 2016 to do so before his older brother set up his own competing network.
No. You are partially correct. He borrowed money for his telecom company upgrade to another level. He acquired a Canada based Under sea water cable laying and managing company. It was a very high value acquisition. He thought that, he can give high speed internet on mobile via that company leased internet connection services . He put all his money into it. But that company went into bankruptcy. He lost all his money on that acquisition.
Later Ericsson company was also behind Anil due to non payment of the setup which they had done for Reliance Commnunation Ltd. At supreme court, they filed case and during that point in time , mukesh helped him.
Actually Anil's advisers were not good.
He did invest and bought a company which was having too much in debt already in Canada. He lost everything in that company.
Both in telecom business , anil inherited , Mukesh built up, now pl see the business acumen between the two ..
@@siddhunkarthik FLAG Network ?🤔
Fascinating!
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@lite john How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.
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@lite john Wow I'm just shock you mentioned and recommended Expert Mrs Jennifer Watson
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I invested $10,100 with her and she made profit of $53,000 for me just in 5days
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Moral of the story: Remain Humble, pride goes before a downfall
So all I got from this was that Anil’s own pride was his downfall. His brother is a real one
The Ambani brothers' rivalry after their father's death was like a big, dramatic show. It was all about who would control their father's huge business empire, Mukesh wanted to grow and make the business even bigger, focusing on new technologies and partnerships. As I understood he seemed like the steady, smart one. Anil Ambani, on the other hand, faced tough times with debts. Their rivalry was a lesson in family and business dynamics. It reminded me that even in wealthy families, there can be big
disagreements and power struggles. It is important to find a balance between ambition, responsibility, and unity.