By 2011, his net worth collapsed 4-fold to $8.8 billion after the 2G scandal broke and the Central Bureau of Investigation’s (CBI) enquiry into his involvement with Swan Telecom.
In 2013, Anil Ambani’s net worth fell by another $3 billion to $5.2 billion as Reliance Power lost steam.
By 2016, his worth halved to $2.5 billion after many of its companies ran into debt and operational troubles. Reliance Power was selling its assets and Reliance Communications was unable to compete against the top reigning telecom companies and was losing consumers.
However, in 2019, Reliance Communications had to file for bankruptcy. The Supreme Court ordered Anil Ambani to pay up or head to jail. His elder brother, Mukesh Ambani - who is Asia’s richest man, bailed him out by paying up ₹4.5 billion.
Last year, Ambani dropped out of the billionaires club with reports claiming that his net worth is around $500 million. But, Forbes data still shows his net worth to be $1.7 billion.
Thanki also points out that Ambani’s luxury yacht named Tian is worth $56 million (₹400 crore).
Source: Luxury Topics
