In 2002, a generation of rich drubai died, but at the time of his death, he did not leave any will and did not distribute the property, resulting in his two children, Ambani and Anil, on the road to fight for the family property.
The tycoon is a place full of desire and strife, in the face of huge interests, the former family affection has been torn, people can't help but sigh, or like the old king," "only have a good child", the only child is okay, do not have to face property disputes.
And the two children of India's richest man, but you chase me, both lose.
In 2005, the two competed too fiercely for the family property, which led to the mother having to mediate, the two finally stopped a little, and began negotiations, deciding to divide the family property equally and distribute the business of the Reliance Group.
The result of the subsequent distribution was that the eldest son Muksh Ambani controlled the oil and gas petrochemicals, and the second son, Anil, controlled the group telecommunications, which controlled the tertiary industry in the group, and it seems that both of them have their own arrangements.
It would be a big mistake to think that after they had divided up their family property, they would have stopped, and later it was discovered that the 2005 reconciliation was only a temporary truce, perhaps because the two were hindered by their mother's face and had to temporarily compromise and back down.
In fact, although Ambani ceded the telecommunications field to his brother, he did not intend to give up the development of the telecommunications industry, he had been in the telecommunications field for a long time when he worked with his father in the family business, so he had a long-term vision.
However, when the brothers separated, they signed a "no-competition agreement", according to which he should not develop the telecommunications industry and fight his brother, otherwise he would violate the agreement.
But how could Ambani be so easily bound by this paper agreement?
In 2008, Ambani, who had long been eyeing the telecommunications industry, finally stretched out his claws and teeth, and was chaotic at his brother's business, under his fierce attack, his brother was forced into a desperate situation by him, and almost went bankrupt!
Maybe his brother Anil himself didn't think that his brother would be so cruel.
At the time, Anil was seeking new development opportunities, negotiating with The South African MTN to negotiate a merger, and if the deal was successful, it would be no less than a victory in a battle, his telecommunications network would expand, and his telecommunications industry would open up the Atlantic Ocean and cross from the Himalayas to the Cape of Good Hope.
Just like when Julius Caesar started the Crusade, he crossed the territory of the world, crossed the east and west, and established his own empire.
What a hopeful negotiation, what a good time for Anil, but he encountered a roadblock that held him back from a bright future, and that roadblock was his brother.
At a critical moment in the negotiations, Ambani sent a letter to mtn asking him to postpone the merger, and rightfully used his identity as the "leader of the Reliance Group", and his interference was effective.
After he obstructed this time, MTN clearly withdrew his intention to cooperate and stopped negotiating.
The deal, which was already ready for everything and only owed dongfeng, was forced to break down by Mukesh's interference, and triggered a chain of avalanche reactions.
Since the suspension of cooperation, Anil has been seriously injured and difficult to recover in a short time, and his companies have suffered a sharp decline in the stock market, losing a total of $32 billion that year, although he is a rich man, but this is undoubtedly a huge loss.
In 2010, the two began a lawsuit, and the result of this lawsuit was that the non-competition agreement five years ago was abolished, that is, after that, his brother Ambani could be free from the agreement and make a big show in the telecommunications industry, for which he waited for five years.
In fact, after looking at his way to prosperity, everyone will find that he actually did not mean to oppose his brother, he really liked the telecommunications industry and wanted to make a difference in this industry, when he separated five years ago, he accidentally did not get into the telecommunications industry, and was assigned to the traditional oil industry at that time, and he may not be willing at that time.
In the eyes of outsiders, the oil industry is the most profitable industry in the traditional industry, after all, there are many oil tycoons in the Middle East, each holding the world's top black card, and Dubai and other countries are also relying on rich oil resources to make a fortune, becoming the world's richest oil country, you can use gold as a toilet, raise lions as pets.
But the problem is that he clearly understands this: the development of the oil industry depends on resources, and if the resources are exhausted, then this huge industry cannot achieve long-term sustainable development, just like the building will fall.
He once famously said, "Data is the new oil." ”
No matter how attractive the sunset industry is, it is ultimately not as good as the sunrise industry, and the telecommunications industry is catering to the rapid development of the Internet, catering to the trend of the times, with a broader space for development, compared to the oil industry that seems to be high-end, actually full of problems, the telecommunications industry, such an industry with strong development potential, is his heart.
In 2010, Muksh Ambani acquired the company and initially laid out its entry into the telecommunications industry; in 2013, Ambani built a national telecommunications network, painstakingly and alone for ten years, just waiting for an outbreak.
In 2015, Ambani closed the network, that is, in this year, he gave his brother another heavy blow, when he set up a telecommunications company reliance jio, and then stepped forward to open his own 4G network business in 2016.
I have to say that Mukesh's head is really flexible, 4G, 5G and other network services, is the current development trend, and he stood on the wind outlet and took off with the wind, harvesting 100 million users in just one year.
His sharp edge caused Anil's company to be hit, and more than half of India's telecommunications market was divided up by his brother, leaving a bunch of companies like hungry dogs, hungry to divide the bones he ate, including Anil's company.
Since Ambani quickly conquered the telecommunications market, his company has been facing the loss of customer groups, and it has become weaker and worse.
Today, Ambani's net worth has increased by $10 billion, which translates into about 500 billion yuan, becoming a real billionaire, sitting on the world's envy as india's richest man.
During the decade of fighting for the family's wealth, his younger brother Anil was forced by Mukesh to shrink his wealth by 99%, heavily indebted, and owed more than 10 billion yuan to China.
For his brother's debt, Ambani has no guilt, and he has no intention of helping to pay it back. It may be that when the family property was divided, the younger brother insisted on stealing the telecommunications industry he valued, making him hold a grudge.
But no matter what, they are a pair of brothers, although after so many years of bumpy road to fight for family property, I hope that they can achieve the final reconciliation and quickly pay back the money owed to us!
After all, people live for a lifetime, and finally find that wealth cannot be taken away, only family affection and love can comfort people for a lifetime, and they do not have to wait until the wind and candle are dead to regret it.