Billionaire’s Battle – Rivalry between Ambani Brothers
67Current Profile of Mukesh Ambani and Anil ambani
Mukesh Ambani is the richest person in the world. Following a strong share price rally on in his three group companies, India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure, the net worth of Mukesh Ambani rose to US $ 63.2 billion.
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Anil Ambani is brother of Mukesh Ambani has a net-worth of US $ 45 billion, making him the 6th richest person in the world. His was the world's fastest-growing multi-billion-dollar fortune in percentage terms as his wealth tripled in 1 year.
After the Demise of Dhirubhai Ambani:
Till their father Dhirubhai Ambani, Head of the Reliance empire, was alive, the brothers stood together. Things took a dramatic turn after Dhirubhai's demise in 2002 when Mukesh became the chairman and managing director of the Reliance Industries and Anil the vice chairman and managing director of the company. Differences between the brothers started cropping up leading to a nasty seven-month-long ownership row.
On June 18, 2005, after much public dilemmas. Prime Minister and Finance Minister has tried to mediate between 2 fighting brothers. Mukesh and Anil finally reached an agreement to divide the assets after a long drawn battle, split the Reliance empire to steer ahead their own interests,
Battle Still Going on:
On June 18, 3 years ago when the Reliance was split & Reliance ownership battle was resolved but the Ambani brothers just cannot stop fighting now. Right from the bickering for more power, assets and property, to mundane things like payment of telephone bills of group companies, fighting over gas supply deals, bidding for infrastructure projects, the brothers' fights have become quite dirty during recent days..
The latest difference between the brothers is over the South African mobile giant, MTN, with whom Anil Ambani's Reliance Communications is in talks to buy over 40 per cent stake. Mukesh Ambani's Reliance Industries Limited has objected to the deal, claiming it has the first right of refusal over any stake sale by RComm.
The fight between 2 brothers is the India's biggest battles for succession......
Why Do We Fight?
If you don't have money then you are fighting to earn your Bread.
If you have little money then you are fighting to make your life better.
But Ambani's brother's having billions $ fortune but still fighting with each other.
What a waste......
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Comments
Great hub, well done!
Intersting Post...Keep publishing more such hubs!
Whatever happened betwen the ambani brothers was a big drama. the whole world got carried away by it. its a matter of time they come together again and fool the whole world.
When they were together - the companies were worth about 1.20 Lac crores. but when they split, it it multiplied to a mindboggling figures for both.
dont bother what these two brothers are into. fight or patch up, its all drama.
i am really appricatable
its a shame for all indians that the ambani brothers,so well known all over the world,are fighting for more and more money when so many people are dying of poverty everyday.why cant they put their brains in doing something good for themselves and their country?what message will it send to people in other countries about us indians?
It would have been much better if the Ambani brothers opted for an out of Court solution to their problem, i.e. by sitting down under a tree and talk it through sipping some tea or lemon juice.
Jairiy908 says:
2 years ago
I heard one information about these brothers. They are just seprated their business to grow more not bcause of fight. The brain behind these sepration in none other than their brother in law.