Home / India News / Mukesh Ambani looks to USA's Walton family playbook on succession: Report

Mukesh Ambani looks to USA's Walton family playbook on succession: Report

Reliance may over time become a holding company for three underlying businesses which are likely to be listed separately in the future, says Bloomberg

Premium

Ambani, who has a net worth of $94 billion, is reportedly planning his succession. (Photo: Bloomberg)

P R Sanjai, Anto Antony and K Oanh Ha | Bloomberg

11 min read Last Updated : Nov 23 2021 | 10:52 PM IST

For years, Mukesh Ambani has studied the ways in which billionaire families, from the Waltons to the Kochs, passed on what they’d built to the next generation. Recently, that process has intensified, with Asia’s richest man eyeing a blueprint for the next stage of his $208 billion empire that seeks to avert the succession warfare that’s torn apart so many wealthy clans — including his own.

The 64-year-old Indian tycoon’s favored plan shares elements with that of Walmart Inc.’s Walton family, people familiar with the matter say, and could provide the framework for one of the biggest transfers of wealth

Topics : Reliance Industries Mukesh Ambani Walmart Nita Ambani

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in