Ambani succession plan, taking a page out of the Walmart family book

Over 200 billion dollars, 3 large verticals and a legacy empire all to be incorporated in the blueprint of the succession plan corporate India's first family, the Ambanis.

Bloomberg reports that India's richest man Mukesh Ambani is eyeing a plan that resembles the Walmart Family - the Walton's.
The 64-year-old Indian tycoon is considering moving his family’s holdings into a trust-like structure that will control the Mumbai-listed flagship Reliance Industries as per sources to Bloomberg.

A model that keeps the family central but delegates management has obvious appeal like the Waltons may be the perfect plan for the Ambani clan looking to avert a deja vu of inheritance uncertainity the siblings faced when the patriarch Dhirubhai Ambani passed away in 2002.

Mukesh Ambani who has three children and a personal net worth of $94 billion is still to finalise the plan, the business magnate made it clear to shareholders in June that his children will be playing a bigger role in the company going ahead.

“I have no doubt whatsoever that the next generation of leaders at Reliance, led by Isha, Akash and Anant, will further enrich this precious legacy,” the RIL chief stated at the AGM.

Experts that have watched Reliance's market value more than quadruple in the last 5 years expect that Reliance may over time become a holding company for three underlying businesses — energy, retail and digital — which are likely to be listed separately in the future, the groundwork for which is already being laid.