Sat. Dec 4th, 2021
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Mukesh Ambani is looking for a formula to distribute wealth

Reliance chairman Mukesh Ambani is looking for a formula to distribute his wealth. According to a Bloomberg news agency, Mukesh Ambani is studying the successor model of Walmart chain founder Sam Walton for asset sharing. To this end, he is studying the succession model of billionaires around the world. Apart from the Walton formula, he is also considering a formula for holding holdings in trusts. They want their children not to go through the same situation as they did 15 years ago.

    How much is the property of Mukesh Ambani?

How much is the property of Mukesh Ambani?

Mukesh Ambani, 64, has a net worth of Rs 7 lakh crore. He wants to divide his wealth between his two sons Akash Ambani, Angat Ambani and daughter Isha Ambani. Mukesh Ambani has a 50.6% stake in Reliance Industries. His eldest son Akash Abani and daughter Isha are playing key roles in Reliance Telecom and Reliance Trade. He was made director of Reliance Telecom and Retail. In addition, Anant Ambani is a director at Geo Platforms, overseeing the business of Reliance Renewable Energy and the oil and chemical unit.

    Ambani is preparing to distribute the assets in this way

Ambani is preparing to distribute the assets in this way

According to the report, Mukesh Ambani is studying in-depth formulas like trust holding for distribution of assets. Mukesh Ambani can form a trust for family holding, which will be regulated by Reliance Industries, for smooth distribution of assets. The trust will include close friends of the Ambani family, his wife and three children. The company’s core business will be in the hands of professionals, who will be overseen by the trust.

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