Mukesh Ambani’s Wealth Distribution: Mukesh Ambani, one of the most famous industrialists of the country, is focused on sharing his legacy among the children. For this, he has started studying the distribution formulas in the world’s top business families. From Walmart’s founding family Walton to Koch family formulas, Reliance Chairman Mukesh Ambani is contemplating. According to a Bloomberg report, Mukesh Ambani has liked the formula of the division of the Walton family the most. On the lines of which Mukesh Ambani can divide his legacy in future.
How Walton Family Distributed their wealth
Walmart founder Sam Walton made David Glass the CEO of the company in 1988 while he was alive. Before that, he used to be the CEO of the company. The world’s richest family confined themselves to the board and handed over the rest to operations professionals. Sam’s son Rob and nephew Stuart were also included on Walmart’s board. In addition, her granddaughter’s husband Greg Penner was made the chairman of the Arkansas-based company Bentonville in 2015.
However, the family was also criticized for using their influence and taking all positions above the shareholders. However, several other members of this family were given positions in Philanthropy and other companies other than Walmart. He was entrusted with the responsibility of investing. Sam began preparations for the succession, 40 years before his death, in 1953, which was divided among his four sons, Alice, Robb, Jim, and John. Even now, this family holds 47% of Walmart.
Reliance can be divided into the same lines | Mukesh Ambani’s Wealth Distribution
Mukesh Ambani can divide his inheritance between two sons, daughter and wife on the lines of Sam Walton. According to the report published in Bloomberg, Mukesh Ambani has liked the Walton family formula more. Mukesh Ambani is said to be working on a plan to manage his family’s assets by making them a trust-like entity, which will also manage the Reliance Group. Let us tell you that nothing has been said about this officially from anywhere.
Reliance could be something like that in future
According to media reports, Mukesh Ambani plans to have stakes in the new organization with his wife Nita Ambani, both son and daughter. Trusted advisors of the company can also be included in this. Apart from this, the management and business of the company should be handled by external professionals. In which there is no family interference. Let us tell you that Reliance today is working in business ranging from refining and petrochemical to telecommunication, e-commerce and green energy.