Once counted among the world’s wealthiest, Anil Ambani, younger brother of Asia’s richest man Mukesh Ambani, lost his esteemed status due to a series of missteps, spiraling into heavy debt and near destitution. Just a few years ago, his net worth plummeted to absolute zero. However, his luck now appears to be turning. He’s reportedly shedding his debt burden, and his net worth is on the rise. This remarkable turnaround comes after a period where his companies were being sold off, and he faced numerous legal battles, ultimately dropping off the list of billionaires. His journey from being the sixth richest person in the world to a defaulter was a stark reminder of how quickly fortunes can change. Now, it seems, the tide has truly turned for Anil Ambani, as he re-emerges from the shadows of financial distress.

The dramatic shift in Anil Ambani’s fate is largely attributed to the resurgence of his two key companies: Reliance Power and Reliance Infrastructure (RInfra). Reliance Power recently reported a significant turnaround, posting a net profit of ₹125.57 crore in the fourth quarter, an impressive 199% increase from the previous quarter. The company has also announced that it has successfully repaid ₹5,338 crore of its debt and is now entirely debt-free. Similarly, RInfra has also declared itself debt-free for the fiscal year 2025 after repaying ₹3,298 crore in loans, recording a consolidated profit of ₹4,387 crore in the same quarter. This renewed focus and more cautious approach mark a significant departure from his past aggressive expansion and flawed investment strategies, which led to excessive debt in his telecom, power, and infrastructure ventures. Notably, the strategic blunder in RCom with CDMA technology and over-reliance on foreign debt, coupled with regulatory fines, contributed significantly to his downfall. With his sons, Jai Anmol and Jai Anshul, now actively involved in the company’s operations, acting as “lucky charms” and contributing to the revival of Reliance Capital and new projects, Anil Ambani is charting a more stable and focused path forward, avoiding the pitfalls that led to his previous financial woes.