Anil Ambani Business: Anil Ambani suffered a huge loss due to this mistake, his wealth of 42 billion dollars was sunk.

Anil Ambani Business: Crores of rupees have sunk into Anil Ambani's business during the last few years. Due to his wealth, Anil Ambani was once the sixth richest person in the world. But due to some mistake he lost his wealth of 42 billion dollars.

Anil Ambani Business: Mukesh Ambani's younger brother Anil Ambani's name was also once in the list of the richest people in the world. But now it is far from this list. Anil Ambani's business has sunk crores of rupees during the last few years. Due to his wealth, Anil Ambani was once the sixth richest person in the world. But due to some mistake he lost his wealth of 42 billion dollars.

Reliance Group

Major companies of the group include companies like Reliance Communications, Reliance Capital, Reliance Power, Reliance Infrastructure and Reliance Naval. The Ambani family's business expansion started with Dhirubhai Ambani but the business gradually slipped out of Anil Ambani's hands.

Dhirubhai Ambani started the Reliance Group in 1958. In the year 2002, Dhirubhai Ambani's death led to a split in the business between Mukesh Ambani and Anil Ambani. In which Mukesh Ambani got petrochemicals, textile and refinery business. While Anil Ambani got telecom, finance and energy business.

At that time it was believed that Anil Ambani would scale the heights of success due to the sector he has come to. But Anil Ambani could not succeed in this business and today many of his companies are facing bankruptcy. Anil Ambani faced this success due to some mistakes.

A business-sinking mistake

1. They were in a hurry to advance the business without proper planning. Due to which he invested money in new projects one after another without preparation.

2. They suffered huge losses due to higher than expected expenses.

3. He also had to take loans due to expenses. And he got into debt one after another.

4. He did not focus on one business and started different projects in which his money stagnated.

5. Most of his decisions were driven by ambition which led to increased debt and he suffered the biggest blow in the recession of 2008.