Here’s Why Amitabh Bachchan Went Bankrupt Once & How He Rose Back Up

Photo: indianexpress.com

As of the moment he is one of the oldest, highly experienced actors we have in the industry. From scratch, he has become someone and he knows that survival is the thing that needs a lot of hard work.

Amitabh Bachchan had taken a huge blow when he started his own newly formed company, ABCL. Amitabh Bachchan Film Production was into film production and event management. There were grave mistakes committed by the company due to lack of proper training, planning, and management.

Back in 1999, Bachchan was without money and his properties were mortgaged. The Miss World Pageant in 1996  was organized by the ABCL company but the event failed and this was the time when Bachchan was facing bankruptcy issues. He was left without money, films and he did not have anything in his hands to pay back to the people whom he owned the money.

Photo: dnaindia.com

Here comes the turning in the story when Amitabh Bachchan decided that he will be paying each and every penny back to those whom he owes money to. This was the right decision the ‘Sholay’ actor took. He earned his credibility and later he rose again.

When you want to do something right no one can stop you, the actor had good relations with Yash Chopra as they’ve worked on several films. This was the time when Yash Chopra offered him a role in ‘Mohabattein’, the film was a super hit commercially and critically, bringing his career also back on track.

The ‘Deewar’ actor did more commercials, films and television serials like ‘KBC’ through which he sustained and paid the debt of Rs 90 crore, which was a much more huge amount back then than it sounds now. He started afresh.

Amitabh Bachchan
Photo: dnaindia.com

Usually, people leave their career when they cross their 60’s but this man started again and look at him now, he is one of the richest actors in the industry. Bachchan cleaned the balance sheet of his company ABCL and relaunched it as A B Corp. The production is not as successful as YRF or Dharma but it gave two big hits like ‘Viruddh’ and ‘Paa’.

As of 2017, he had a net worth of $400 million.

Samyak Sheth
Samyak Sheth

A traveller and journalist who views the world wearing multi-coloured goggles. He believes that life is to live not to survive.

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