New Delhi: The Ambani family needs no introduction whether it is the hard-core corporate sector entertainment FMCG or telecom. Mukesh Ambani the current CMD of Reliance Industries and the elder son of Dhirubhai Ambani is the richest man in Asia having joined the company in 1981. His younger brother the younger son of Dhirubhai Ambani Anil Ambani joined in 1983. After Dhirubhai Ambani’s death in July 2002 Mukesh took over as the Chairman of Reliance Group while Anil became the Managing Director. When Mukesh and Anil took over as the Chairman and the Managing Director of the Reliance Group respectively the combined net worth of the Ambani brothers was $2.8 billion. By 2004 it had risen to $6 billion and in 2005 it reached $7 billion. It was followed by the division of the Reliance Group in 2005 and Anil Ambani inherited companies like Reliance Communications (RCom) Reliance Capital Reliance Energy and Reliance Natural Resources. Within no time Anil Ambani became the sixth richest person in the world with a net worth of USD 42 billion far richer than Mukesh Ambani mainly because of the listing of Reliance Power. He experienced success initially however due to some poor decisions his companies started to falter and became debt ridden and he declared bankruptcy before a UK court in February 2020. He served in the Rajya Sabha from Uttar Pradesh as an Independent MP between 2004 and 2006. Reliance Communications was leading the India’s telecom sector but faced intense competition that led to debts. Anil’s businesses had to rely on loans which only created a cycle of debts. What added to the collapse were poor market strategies and an inability to adapt as per evolving industry trends. Anil Ambani’s companies could not sustain this blow. As of March 10 2025 Anils net worth is estimated at $530 million. One of Anil Ambani’s key companies Reliance Capital is now being sold to recover debts. The Hindujas’ IndusInd International Holdings Ltd. (IIHL) has made the highest bid for the company. Ashok Hinduja Chairman of IIHL confirmed that regulatory approvals have been secured to increase the group’s stake in the bank from 15% to 26%. This stake increase will be executed in phases. Once the deal is approved by the Insurance Regulatory and Development Authority of India (IRDAI) outstanding payments to creditors will be settled.