Touted on the cover of Forbes 2008 billionaires issue for having added $24 billion to his fortune in one year, Ambani has dropped $30 billion since then. But don't worry too much. His Reliance Entertainment is investing $500 million in a new studio venture with Steven Spielberg's DreamWorks. Plus, he remains quite wealthy, worth $12 billion. That's something many others can't claim.
The biggest billionaire gainer last March is now the year's biggest loser. Ambani lost $30 billion in the past nine months, more than anyone in the world. Stock of his telecom company dropped after his estranged brother helped scuttle a deal with African telecom MTN. It's quite an achievement in a year in which three of his fellow countrymen--estranged brother Mukesh, steel tycoon Lakshmi Mittal and Indian KP Singh, all of whom ranked earlier among the world's 10 richest--lost more than $20 billion apiece.
Anil Ambani
March net worth: $42 billion
Current net worth: $12 billion
Friday, January 2, 2009
Anil Ambani: The biggest loser of 2008
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1 comment:
Thanks for sharing the information. Hope in 2009, the company would do well. I believe the stock marketwould soon recover from downturn.
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