Life isn’t always easy at the top. The Ambani family story resembles any of Shakespeare’s famous works.
It all starts with the death of their father, Dhirubhai Ambani, the Indian ‘Rockefeller’, in July 2002.
His sons and heirs, Mukesh and Anil (estimated net worth for both: $2.8 billion), went on an expansion frenzy and successfully bolstered Reliance's presence in power generation, oil exploration, finance and biotech, consolidating the company's position as a leading player in India's fast-growing telecom sector. But they never managed to get on together and the consortium had to split.
From energy to distribution, Mukesh managed to found his empire, worth 2.2% of India’s PIB. Nevertheless, Anil developed his company on India’s star sectors, computing and communication.
Mukesh and Anil AmbaniThe years of rivalry between the two holdings have already had positive effects. “The growth of the Reliance groups is superior to what it would have been if they had stayed under the same banner” states an analyst. This separation boosts both sides. It is a story about jealousy and power, business and traditions, families that break up for ‘futile’ reasons.
The proof being that when things got even worse, the family turned to an Indian clairvoyant, who predicted the upcoming separation…
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