The Indian film industry is one of the most respected industries in the world, but it is also one of the most volatile. The people who are in charge of making films are at risk for financial crises because they don’t always make enough money to stay afloat.
Amitabh Bachchan started his journey in the 1970s and went ahead to get famous as the angry-young man of the decades to come. But in 2000, when the entire population of the earth was celebrating, Amitabh Bachchan was distraught. He went bankrupt when he was at his peak. He had to take on some movie roles that were not as good as his previous ones because he needed money. But even these roles didn’t get him enough as they were mostly badly written and had no strong script.
He started his Amitabh Bachchan Corporation Ltd(ABCL) group in 1995 that gave India its first Miss World Pageant. But the company that started with great ambitions was not executed properly. And from its second year onwards, it started showing signs of loss. In the year 1999, ABCL faced lots of financial issues. They weren’t able to pay their employees.
Amitabh Bachchan was advised to declare bankruptcy and move on from this incident, but he decided to pay his debts. At this point where he had no money, he decided to use his investments and acting skills.
He had stated that he had 63 crores on paper, including his stock market investments. He used these to repay the debt his company has gained. Even after playing with all of his stock funds, Big B was left with more debt to pay. This is when he started investing in the stock market and paid back everyone with interest.
Now, one can easily check that Amitabh Bachchan owns stocks of various companies and invests most of his earnings. His bankruptcy has given him a life lesson to always invest. But what did you learn?
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