Recently the most talked about wedding of the year -that of Isha Ambani happened and the people just could not resist knowing more and more about the same. Almost all the mainstream actors and actresses attended the wedding; politicians like Hillary Clinton and Pranab Mukherjee, and businessmen like Rata Tata spread their charm on the wedding day in Antilla. The $100 million wedding was no less than a world-class celebration in the country. The host of the wedding is India’s richest and 20th richest man on the planet. He has a brother also -Anil Ambani, and concerns that arise in the minds of fans is why Anil is not as rich as his brother.
Mukesh Ambani owns business including Reliance Industries, Reliance Petroleum (RPL), IPCL and Reliance Industrial Infrastructure Ltd (RIIL); while Anil Ambani has Reliance Communications (RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd (RNRL), Reliance Broadcast Network Ltd (RBNL) as main of his businesses.
Mr Deepak Baid on the same concern writes, “During the recession the worst hit companies is Infrastructure. So Anil Ambani’s company had to face low demand. Next all electric generation projects deliver cash after a substantial time lag of 5–7 years. Anil Ambani controls this company. It is a capital intensive business with profits being delivered after a long gestation period.”
“Mukesh Ambani, on the contrary, had a well-established business and that too of Oil, one of the most scarce resource. It is cash rich and thus it invested in Retail and the new telecom venture. When an economy is in a bad shape oil and infrastructure both get a hit but infra feels a wider impact. Also, companies managed by Anil are relatively new in business as compared to that of Mukesh’s,” he continued.