An Indian billionaire, who once had more wealth and net worth than India’s richest man Mukesh Ambani, is now bankrupt and had to sell all his jewellery just to make ends meet.
Anil Ambani’s Rs 50,000 crore company Reliance Power has ended up doubling its valuation due to its share prices seeing a massive jump in the last six months.
Anil Ambani’s company Reliance Communications saw a major loss for its shareholders after the stock prices dropped below Rs 2 for the first time in the history of the firm.