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Anil Ambani biggest loser in 2008

By SiliconIndia  |   Thursday, 01 January 2009, 20:11 Hrs   |    34 Comments
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Anil Ambani biggest loser in 2008
Bangalore: Beaten down by the $30 billion loss, India's industrial tycoon Anil Ambani has topped the chart of the U.S. magazine Forbes' biggest losers list. The list of 10 billionaire blowups includes two more Indians - wind power major Suzlon's chief Tulsi Tanti and online gambling firm PartyGaming's founder Anurag Dikshit.

Earlier, the junior Ambani was credited for having added maximum wealth in its annual rankings in March. The chairman of Anil Dhirubhai Ambani Group (ADAG) is reduced to a net worth of $12 billion from his previous worth of $42 billion, when he was ranked as the sixth richest person in the world. As per the report of the 'Billionaire Blowups of 2008', while several dozen have lost more than $5 billion, the 10 richest from annual 2008 rankings have lost about $150 billion. This is primarily driven by steel tycoon Lakshmi Mittal, estranged brothers Mukesh and Anil Ambani and property baron KP Singh together losing $100 billion. Moreover, over 300 of the 1,125 billionaires have lost at least one billion dollar since March.

"But among all the biggest loser of all was Anil Ambani, who was touted on the cover of our 2008 billionaires issue for having added $24 billion to his fortune in one year. Stocks of his telecom company dropped after his estranged brother helped scuttle a deal with African telecom MTN," the report said. Infact, it was also pinpointed that among all these 10 distinguish themselves for some of the biggest flops as they lost more than money. Some lost board seats and several even faced margin calls. A couple got in trouble with the law. Thus, all of them suffered hits to their reputations.

Among the other losers, Tulsi Tanti's wealth dropped by $2.5 billion to stand at $500 million; while Dikshit's current net worth is about $1 billion, down from $1.6 billion in March 2008.

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Reader's comments(34)
1: Anilji you are the one who boomed the market in telecom brighten it.We will not come down. Regards Sunder
Posted by:sunder - 10 Jan, 2009
2: Anilji you are the one who boomed the market in telecom brighten it.We will not come down. Regards Sunder
Posted by:sunder - 10 Jan, 2009
3: Anilji you are the one who boomed the market in telecom & brighten it. Hum jeethne keliye hain harney keliye nahin.

Am one of fan of your father. We will win again & prove to market as further there will be no one to compete us. We will not come down. Regards Sunder
Posted by:sunder - 10 Jan, 2009
4: Anilji you are the one who boomed the market in telecom & brighten it. Hum jeethne keliye hain harney keliye nahin.

Am one of fan of your father. We will win again & prove to market as further there will be no one to compete us. We will not come down. Regards Sunder
Posted by:sunder - 10 Jan, 2009
5: shar ka beta sheri hota hi, He knows how to overcome this, god is with us Anil ji. all the best to u from Andhra pradesh.
Posted by:chandu - 09 Jan, 2009
6: shar ka beta sheri hota hi, He knows how to overcome this, god is with us Anil ji. all the best to u from Andhra pradesh.
Posted by:chandu - 09 Jan, 2009
7: shar ka beta sheri hota hi, He knows how to overcome this, god is with us Anil ji. all the best to u from Andhra pradesh.
Posted by:chandu - 09 Jan, 2009
8: shar ka beta sheri hota hi, He knows how to overcome this, god is with us Anil ji. all the best to u from Andhra pradesh.
Posted by:chandu - 09 Jan, 2009
9: shar ka beta sheri hota hi, He knows how to overcome this, god is with us Anil ji. all the best to u from Andhra pradesh.
Posted by:chandu - 09 Jan, 2009
10: shar ka beta sheri hota hi, He knows how to overcome this, god is with us Anil ji. all the best to u from Andhra pradesh.
Posted by:chandu - 09 Jan, 2009
11: ANIL

400 CORE KA GIFT
KISKE BAAPP KA PAISE HAI ,ERR SORRY KARDO DUNIYA MITTI MEIN

SORRY GUY
Posted by:hydr - 08 Jan, 2009
12: Mr.B.RADHAKRISHNAN i advice you ...this is not area to advt your consultancy....we are talking abt recession/cris as one comment has mentioned below.
this is business cycle...since its happening evrywhere and the origin is nor from INDIA ...
Companies like ADAG who is rich in market value and will surely overcome the situation ...and these companies have shown us what they are ....
Posted by:Suneer Ashraf - 04 Jan, 2009
13: But he is one of Biggest person in poor people mind.. Hope this 2009 god gives good future to him...
Posted by:Mahesh - 04 Jan, 2009
14: Yeah its high time... But he's well-equipped to tackle the situation.
Posted by:Yogesh - 02 Jan, 2009
15: Anil Ambani is one of great persons, who have utilised investments for growth of our country and they are the real wealth creators. money is only catalyst, it is leader's mind who utilize this capital. every single job created is result of thier vision, daring and capability

loss does not mean that money is duped by these people it is result of global recession. if we look into reasons are not originated from india but since we are linked with trade, we have bear the pain


Labhesh
Posted by:Labhesh - 02 Jan, 2009
16: It's all our money as we give business to these tycoons. It's we who pay a lot of money for usage of cell phones, which made them billionaires. Why can't these companies reduce exorbitant prices and make telecom further cheap to Indian Public. If it had been Europe or West, the public would have sued these companies for keeping the prices so high and make enormous profits. This already happened to some companies in Europe & West and the companies had to return a big share of the profits to the public.
Posted by:JGCSRT8 - 02 Jan, 2009
17: Nothing to worry about that because in 2009 he will recover it and grow his business 10 times from 2008."HUM SATH SATH HAI"
Posted by:Amit - 02 Jan, 2009
18: Anyways he is one of the best business tycoons and he knows very well how to get recover from such huge loss.
Posted by:Rajeev - 02 Jan, 2009
19: change is the law of nature and the time loose the mr anil.
Mr anil`s value based on share`s velue and it a vereable valued papers and the market kick out so maney rich and the Mr Anil one of tham but it is really a very big loss and it will be recover in maney years because market trand also againest.
Posted by:sunil bansal - 02 Jan, 2009
20: It doesnt matter wht happen in 2008 seein his past performance, neways 2008 was the most worst year for india industry..... He will soon come up wid his same prestige and name and lastly goodwill for his ADAG
Posted by:zoheb - 02 Jan, 2009
21: I understand very less the bussiness he is into.

have full fait he will comeup with flying colors in 2009.
Posted by:Sunil tripathy - 02 Jan, 2009
22: 2008 was the worst for everyone in this world, I hope Mr. Anil will comeup very soon
Posted by:dhinakar, chennai - 02 Jan, 2009
23: I wish you all the Very Best for the cpming year
Posted by:Shilpa - 02 Jan, 2009
24: Any way, we should think always positive ...This is called business,The return money will come soon with double...loking at the investments.

Still INDIA is one of the best place to invest...
Posted by:Mannoj - 02 Jan, 2009
25: The coming down of Anil Ambani will continue this year also.Because he is loosing crores of Rupees from his each and every business extablishment, He has to take necessary steps as early as possible to not to become bankrupt. I am B.Radhakrishnan, Business consultant, and consultant for more than 120 companies all over India, and for that honoured by Mr.C.Divakaran , Minister of Civil Supplies, Kerala state.
Posted by:B.RADHAKRISHNAN - 01 Jan, 2009
26: ups and down are the part of buisness,anil may think toget united with his elder and have cordial relation with mukesh and thereafter they will be superpower buisness tycoon
Posted by:Prashant jha - 01 Jan, 2009
27: I FEEL SORRY FOR THE LATEST DEVELOPMENT DROPPING OF WEALTH OF ANIL AMBANI WHO IS NUMERED ONE IN WORLD WEALTHY PERSONS . NOW THIS IS NOT FOR THE CAUSE OF HIM . IT IS THE WORLD GAME OF RECESSION HE IS ONE OF THE VICITIM.
Posted by:P.R.MALLESWARA RAO - 01 Jan, 2009
28: Losing & Gaining this a game for Ambanis the Main thing is that They are increasing their Business & Opportunities even in Recession period > that is for Welcome :)
Posted by:Ranjeet Bhargava - 01 Jan, 2009
29: Ups and downs are normal phenomenan in the busines cycle.
May be Anilji's wealth come down in terms of share value due to recession which will bounce back to further heights soon. But no one can denay the revolution done the ADAG group in telecom industry - mobile phone to all @ Rs.500/-Similar revloution may happen again and we wish all succes to Anilji and his visions.
Posted by:Prakash - N - 01 Jan, 2009
30: ONE AND ONE MAKES ELEVEN. ANIL SHOULD RESPECT AND UNITE WITH HIS BROTHER MUKESH TO BECOME WORLD POWER, FAILING BOTH WILL LOOSE TO SOME EXTENT
Posted by:H.D.CHARAN - 01 Jan, 2009
31: A guy who prices the RPOWER issue at 450/- while he takes 40% of stake at 17/- per share. What should we call him
I have few things to write abt him

1. He spoiled Reliance reputation : earlier people would borrow money to invest in reliance IPO's, now after what this guy did people will be horrified to even think of Reliance IPO

2. He has entered into all sorts of business, except for one kind of businesss. I am sure one day he will legalize that business and enter into that to.

3. He is going to get bankrupt one day.

PS: I lost huge money in Rpower, true nobody asked me to invest, but I went on reliance brand and burnt my fingers.
Posted by:sreenivasareddy - 01 Jan, 2009
32: THINK HE AGAIN CAME ON TOP WITH HIS GSM LOUNCH IN COMING DAYS. HE IS REAL WORRIER WHEN ALL COPMPANIES CUT OFF THEIR MAN POWER HE RUN BUSSINESS WITH ALL HIS EXISTING MANPOWER.
Posted by:DARSHAN - 01 Jan, 2009
33: Mr. Anil Ambani is a hero of our country. i wish to that he sucess in her life ever & ever ever............
Posted by:shailesh - 01 Jan, 2009
34: anyways he is on the top..
Posted by:payal - 01 Jan, 2009
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