Billionaire Ambani Brothers See Fortunes Split Since Feud: Chart
Mukesh’s oil and refining businesses have grown faster than Anil’s telecom, power and infrastructure assets.
(Bloomberg) -- One of India’s great soap operas wasn’t spun in Bollywood, but in the unglamorous world of chemicals and synthetic fibers. It was there that founder Dhirajlal Hirachand Ambani built Reliance Industries into a powerhouse that, after his death in 2002, became the focus of years of squabbles between sons Mukesh and Anil. Along the way, their fortunes have diverged, with Mukesh, once twice as wealthy as his younger brother, now at $29.1 billion and worth 11 times more, boosted as his oil and refining businesses have grown faster than Anil’s telecom, power and infrastructure assets.
To contact the reporters on this story: Lee Miller in Bangkok at lmiller@bloomberg.net, Bhuma Shrivastava in Mumbai at bshrivastav1@bloomberg.net.
To contact the editors responsible for this story: Jake Ulick at julick@bloomberg.net, Dave McCombs at dmccombs@bloomberg.net.