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Mukesh Ambani is seriously considering the distribution of wealth
Mukesh Ambani, Asia's number one billionaire and chairman of Reliance Industries, is understood to be seriously considering how to pass on his wealth to his heirs. Mukesh has a number of plans under consideration for what can be done to prevent disputes among children over the distribution of wealth. For this, Mukesh is said to be getting information about how many rich families from all over the world shared his wealth.
In this, Mukesh thinks that the method adopted by the Walton family, one of the richest families in the world, seems to be the most appropriate. Mukesh has a net worth of 208 billion and has two sons and a daughter. After the death of Reliance founder Dhirubhai Ambani in 2002, a dispute arose between his sons Mukesh and Anil. The dispute continued for many years and finally their mother Kokilaben divided the two. It was opposed by the stakeholders but the allotment was finally sealed by the High Court.
Sam, founder of Walmart Inc., died in 1992. Prior to that, they had planned to avoid business. Walton began work on a plan of succession in 1953, 40 years before his death. Accordingly, in 1988, the company's daily accounts were handed over to the manager and a board was set up to oversee it. Walton gave 80 percent of his fortune to four children.
It is learned that Mukesh Ambani is planning to transfer his assets to a trust. The trust will be owned by Reliance Industries. It will have a stake of Mukesh, wife Nita, children Akash, Anant and daughter Isha. It is understood that certain people in Mukesh's trust will be appointed as advisors to the trust. This means that according to Walton's principle, Mukesh will consider the distribution of wealth.
Mukesh Ambani, Asia's number one billionaire and chairman of Reliance Industries, is understood to be seriously considering how to pass on his wealth to his heirs. Mukesh has a number of plans under consideration for what can be done to prevent disputes among children over the distribution of wealth. For this, Mukesh is said to be getting information about how many rich families from all over the world shared his wealth.
In this, Mukesh thinks that the method adopted by the Walton family, one of the richest families in the world, seems to be the most appropriate. Mukesh has a net worth of 208 billion and has two sons and a daughter. After the death of Reliance founder Dhirubhai Ambani in 2002, a dispute arose between his sons Mukesh and Anil. The dispute continued for many years and finally their mother Kokilaben divided the two. It was opposed by the stakeholders but the allotment was finally sealed by the High Court.
Sam, founder of Walmart Inc., died in 1992. Prior to that, they had planned to avoid business. Walton began work on a plan of succession in 1953, 40 years before his death. Accordingly, in 1988, the company's daily accounts were handed over to the manager and a board was set up to oversee it. Walton gave 80 percent of his fortune to four children.
It is learned that Mukesh Ambani is planning to transfer his assets to a trust. The trust will be owned by Reliance Industries. It will have a stake of Mukesh, wife Nita, children Akash, Anant and daughter Isha. It is understood that certain people in Mukesh's trust will be appointed as advisors to the trust. This means that according to Walton's principle, Mukesh will consider the distribution of wealth.
In this, Mukesh thinks that the method adopted by the Walton family, one of the richest families in the world, seems to be the most appropriate. Mukesh has a net worth of 208 billion and has two sons and a daughter. After the death of Reliance founder Dhirubhai Ambani in 2002, a dispute arose between his sons Mukesh and Anil. The dispute continued for many years and finally their mother Kokilaben divided the two. It was opposed by the stakeholders but the allotment was finally sealed by the High Court.
Sam, founder of Walmart Inc., died in 1992. Prior to that, they had planned to avoid business. Walton began work on a plan of succession in 1953, 40 years before his death. Accordingly, in 1988, the company's daily accounts were handed over to the manager and a board was set up to oversee it. Walton gave 80 percent of his fortune to four children.
It is learned that Mukesh Ambani is planning to transfer his assets to a trust. The trust will be owned by Reliance Industries. It will have a stake of Mukesh, wife Nita, children Akash, Anant and daughter Isha. It is understood that certain people in Mukesh's trust will be appointed as advisors to the trust. This means that according to Walton's principle, Mukesh will consider the distribution of wealth.
