Sunil Mittal lost a billion dollars ahead of Ambani's Jio launch — and as much after that

• There was a time when Mittal was almost the undisputed king of the market.
  
• But he lost nearly a billion dollars a year after Jio launched. His net worth fell from $6.6 billion in 2015 to $5.7 billion in 2016.
  
• Mittal and Mukesh Ambani are in the news for their fierce rivalry over supremacy in the telecom market.
  
  

There is an old saying — first they ignore you, then they laugh at you, then they fight you, then they lose. Something similar happened to Sunil Mittal, founder of Bharti Airtel who became an entrepreneur at the age of 18 with a bicycle parts manufacturer.

There was a time when Sunil Mittal fell short of ₹5,000 in the 1980s but this roadblock didn’t stop him from creating India’s largest conglomerate.

He received more than $350 million in dividends in FY19, according to Bloomberg.

Mittal and Mukesh Ambani are in the news for their fierce rivalry over supremacy in the telecom market. But, there was a time when Mittal was almost the undisputed king of the market. Sunil Mittal lost nearly a billion dollar the year after Jio launched. His net worth fell from $6.6 billion in 2015 to $5.7 billion in 2016.

Surprisingly, he lost over 1.2 billion dollars between 2018 and 2019 primarily.

Here’s the rise and fall of Sunil Mittal: