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Ambani

April 27, 2009

Ben Bland looks at the relationship between two famous sons, analyses the effect of their dispute on the country’s corporate reputation, and discusses rumours of a truce

Mukesh Ambani did not have the greatest of years in 2008, with the value of his business empire shrinking by an estimated $28 billion. But he can console himself with the fact that he is still India's richest tycoon and that more importantly, his estranged younger brother, Anil, lost even more money, with his net worth slumping by $30 billion.

November 14, 2008

Some of India’s most affluent families have dominated the list of the country’s 40 most wealthy individuals.

Some of India's most affluent families have dominated the list of the country's 40 most wealthy individuals. Topping the Forbes list, with an estimated fortune of $20.8 billion, is Mukesh Ambani (pictured). His brother Anil, with whom he has an infamously turbulent relationship, came third with a fortune of $12.5 billion.

Second on the list is Lakshmi Mittal, head of steel giant ArcelorMittal. Despite a tough few months for his company, Mittal is still worth an estimated $20.5 billion.

October 9, 2008

Does it matter if your family has no emotional attachment to the family business? I only ask because new research has touched on this very subject and highlighted several interesting issues.

Does it matter if your family has no emotional attachment to the family business? I only ask because new research has touched on this very subject and highlighted several interesting issues.

The study by the Institute for Family Business, "Emotional Ownership - The Critical Pathway Between the Next Generation and the Family Firm", reports that fostering emotional ownership at an early age gives family members a sense of identification and attachment to the family business.

September 26, 2008

The Ambani brothers have clashed repeatedly in the years since their father died and his wife divided up the family’s Reliance empire between them.

The Ambani brothers have clashed repeatedly in the years since their father died and his wife divided up the family’s Reliance empire between them.
 
But the depth of their ill feeling can now be revealed after the news agency Press Trust of India reported that Anil is seeking damages worth $2 billion and has demanded an apology from elder brother Mukesh.
 

July 18, 2008

The bitter battle between two leading Indian family heirs continues. Mukesh Ambani’s Reliance Industries has started arbitration proceedings against Reliance Communications, the part of the family empire controlled by younger brother Anil.

The bitter battle between two leading Indian family heirs continues. Mukesh Ambani's Reliance Industries has started arbitration proceedings against Reliance Communications, the part of the family empire controlled by younger brother Anil.

The action follows the failure of Anil to participate in meetings aimed at resolving a dispute over share ownership. Reliance Communications is currently negotiating with South African mobile telecoms group MTN over a merger.

July 2, 2008

Reliance Money, part of Anil Ambani’s business empire, is to enter into the wealth management sphere.

Reliance Money, part of Anil Ambani's (pictured) business empire, is to enter into the wealth management sphere. The company, the largest broking and distribution house in India, wants to tap into the two million wealthy individuals in India, holding over $510 billion in liquid assets, who are projected to inhabit the country by 2011.

May 1, 2008

Why do conflicts occur in family businesses and what can be done to resolve them? Grant Gordon attempts to find some answers

Why do conflicts occur in family businesses and what can be done to resolve them? Grant Gordon attempts to find some answers

March 5, 2008

Microsoft owner Bill Gates has been over taken in a world rich list by a family business owner.

Microsoft owner Bill Gates has been overtaken in a world rich list by a family business owner. Carlos Slim, (pictured), who runs the Mexican telecommunications empire with his family, has been ranked second in a list of the world's richest people after narrowly being beaten to the top spot.

Warren Buffet tops the list with an estimated worth of $62 billion. Slim has $60 billion while Microsoft owner Bill Gates, who has topped the list for more than a decade, is ranked third with $58 billion.

March 1, 2008

Members and owners of family businesses are among the wealthiest people on the planet. Families in Business takes a look at the wealthiest top 10 and analyses how they came to be there

1. Carlos Slim Helú (pictured) is the head of Telmex, a Mexican telecommunications empire that he runs with his sons. He is the world's richest family business owner with a fortune, worth an estimated $60 billion, that surpasses even that of Bill Gates. Slim's father was a Lebanese immigrant who started a dry-goods store in 1911. Slim made his first fortune in 1990 when we bought Telmex from the Mexican government.

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