Asia’s richest man has promised to accelerate what he claims will be a “momentous leadership transition” to the next generation. Just how Mukesh Ambani will carve up his $217 billion empire is still under wraps, but one thing is clear: The eagerly anticipated corporate succession will be underpinned by the emergence of at least three superstar businesses, each of which will aim for a very large share of profit in its particular industry.
A clean transfer of wealth is important to the 64-year-old Indian tycoon, who was embroiled in a bitter inheritance dispute with his younger brother after their father died in 2002 without a will.
