NEW DELHI: The fall of Reliance Communications is part of the long decline at the Reliance Group. Personal fortunes of Reliance Group chairman Anil Ambani too have shrunk ever since he and his elder brother, Mukesh Ambani , split the family business in 2006.In 2007, Anil Ambani had a net worth of $45 billion, according to the Forbes Rich List. The 10-year compounded annual growth rates (CAGRs) of Mukesh's Reliance industries have been 11.2 (sales), 9.4% (profit) and 17.8% (returns), according to a Bloomberg report. The same rates for Anil's Reliance Group have been 9.4%, -12.6% and -1.7%.The gap in market value of both the groups too has widened since 2006. Post-split market cap of Mukesh's Reliance Industries rose from Rs 96,668 crore to 5,90,500 crore.

Source: Economic Times December 27, 2017 09:22 UTC