Meet the man, the 2 islands, a palace with 71 rooms, had a fortune of $ 4 billion, but lost everything because of …, he is …

The former telecommunications king, once a billionaire, has lost no hope after losing everything.

Chinnakannan Sivasankaran was once the owner of two private islands together with a 71-room henage in Chennai. Although Siva has lost his 4 -billion dollar -Netto assets, he now calls himself “bankruptcy, not poor”. After he has lost so much, he remains hopeful for the future.

Siva 'was born in a simple household. In the 1980s, he founded his name Sterling Computers Limited (STC). In the 1990s it became a leading name in India's IT sector. However, he received recognition in the corporate world after he founded Aircel in 1999. It became a great player in the mobile phone service industry.

The company grew quickly and received millions of subscribers. In 2006, Siva sold a 74% participation to Aircel to Maxis Communications to Malaysia. However, this step would later incorporate it into corruption scandals.

2G spectrum scandal

The Maxis-Aircel-Deal was connected to the notorious 2G spectrum scandal. Siva was also drawn into legal battles. In 2018, Aircel applied for bankruptcy, and Siva received personal losses of 7,000 rupees.

His 4 -billion dollar -Imperium collapsed and also influenced many of his business. As he spoke about his demise, Siva said: “I had everything – wealth, real estate, recognition – and then I saw how everything disappeared.”

Continue to speak The Ranveer showHe announced how a book by Donald Trump inspired him to face his financial challenges. On the same day he decided to explain bankruptcy.