In 2008 Mukesh Ambani and his younger brother Anil were the 5th and 6th richest men on Earth. In 2020 Anil told a court he was worth zero.
Their father built Reliance, India's biggest company, and died without a will. The brothers fought over it until their mother split it in two in 2005.
Mukesh kept oil and chemicals. Anil got the phone company, even though Mukesh had built it and run it himself.
Mukesh also had to stay out of telecom for five years.
Anil went big on everything at once - phones, power plants, movies, finance - mostly on borrowed money. By 2016 most of his fortune was gone and his phone company was buried in debt.
That year Mukesh returned to phones with a new network, Jio.
In the video below, he announces that Jio's data, calls and video will be free for everyone until December 31.
He could afford it. Reliance put about $50 billion into Jio, and Mukesh started charging only after more than 100 million people had signed up.
Every rival had to cut prices.
Anil couldn't compete with free. His company shut its mobile service in 2017 and went bankrupt.
In 2019 a court gave Anil a choice - pay Ericsson or go to jail. Mukesh covered the debt, and Anil publicly thanked his "respected elder brother".
Today Jio has over 500 million users. This week Elon Musk called Mukesh "the real boss of India".
Same father, same company, same start. Why did one brother end up with $80 billion and the other with zero?
This high-profile gathering in the State Dining Room reflects the core execution of supply-side economic policyโusing direct executive diplomacy to secure domestic infrastructure investment and keep key tech industries anchored within the United States. By leveraging the threat of tariffs alongside pro-growth tax and deregulatory frameworks, the administration pushes major tech firms to commit unprecedented private capital directly into domestic manufacturing, artificial intelligence datacenters, and national job creation
NOTE:Just for educational purposes only ๐ฅฐ
https://t.co/bw1OYQh0VR
New York Cityโs Mayor Zohran Mamdani was met by crowds calling him a โtraitorโ for attending a vigil organised by Israelis for Peace on the third anniversary of the October 7 attacks.
Mamdani was also criticised by pro-Israel groups over a statement he released on the same day.
Innalillahi waโina ilaihirrajiun ๐คฆ๐พโโ๏ธ๐ฅบ๐
Yanzu duk irin wadan nan Balaโi bazai sa Matan Aure suji tsoron Alllah su daina Zina da wasu mazan ba ?