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The downfall of Anil Ambani

  Why Anil Ambani failed to pay debts   How Anil Ambani become billionaire to Millionaire Failure story of Anil Ambani In 2008 Anil Ambani was the 6th richest person in the world. At that time Anil Ambani's name was equated with a successful, visionary and future of India's business growth. But sadly after 12 year words like 'failure' and 'downfall' often come with his name. Anil Ambani was so rich that he used to take helicopter rides from his home in south Mumbai to Navi Mumbai. Which is just a few kilometres away from his home in Mumbai. He was often seen with famous bollywood celebrities like Amithabh Bachchan. In 2005 he entered the entertainment sector. He acquired 'adlabs' films. In 2008 this had over 700 multiplex screens all over India. He also went global as he produced the Oscar winning movie 'Lincoln'. The major reason behind his downfall is his aggressive approach towards business investment. He would invest in different business sec...