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    Who will be the next heir of Mukesh Ambani, made it clear in front of the public today

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    Over the years, Mukesh Ambani has studied the ways in which the billionaire family, from the Waltons to the coaches, passed on what they built to the next generation.

    Recently, the process has accelerated, with Asia’s richest man laying out a blueprint for the next phase of his $208-billion empire, which seeks to avert a war of succession that broke several wealthy clans has gone – including his own.

    The 64-year-old Indian tycoon’s favorite scheme shares elements with Walmart Inc’s Walton family, people familiar with the matter say, and could provide the framework for one of the largest transfers of wealth in recent times.

    The Ambanis are considering transferring their family’s stake to a trust-like structure that will control Mumbai-listed major Reliance Industries Ltd, the people said, not to be identified on a subject they want to publicly address. Not authorized to discuss.

    Ambani, his wife Nita and three children will have a stake in the new entity that Reliance will oversee and will join the board along with some of Ambani’s long-term confidants as advisors.

    Management, however, will largely be entrusted to outsiders, professionals who will handle the day-to-day operations of India’s most influential company and its businesses, which span from oil refining and petrochemicals to telecommunications, e-commerce and green energy. Huh.

    A generation of aging tycoons across Asia are grappling with the transition from creating wealth to building it. The product of the region’s explosive growth after World War II, these empire-builders established industries, turbo-charged growth and made unprecedented fortunes, changing hands between Asia’s first generation of founders and their successors over the next decade. set closer to 1.3 trillion.

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