In photos: Who will lead Reliance next? Asia's richest man Mukesh Ambani starts 5-year succession plan

Mukesh Ambani and his wife share three children: Akash, Isha and Anant Ambani

Published: August 31, 2023 18:00 Dona Cherian, Assistant Online Editor

1 of 10

Mukesh Ambani (66), Asia'a richest man, is determined to set a clear path forward for his legacy. The business tycoon said he will spend the next five years of his chairmanship of India's most valuable company preparing his children to take Reliance to greater heights. Image Credit: Bloomberg

2 of 10

Ambani's plans will take away the probability of history repeating itself in the family. Reliance's founder, Dhirubhai Ambani, died without a will in 2002, triggering an ugly and very public clash between Mukesh and his younger brother, Anil, who were both involved in the business at that time. Image Credit: Reuters

3 of 10

The tussle eventually snowballed and their mother was forced to intervene and divvy up the businesses between the two brothers. Yuonger brother Anil Ambani ran his own division of financial enterprises but declared bankruptcy in London in 2020. [Pictured: Anil Ambani] Image Credit: Supplied

4 of 10

Mukesh Ambani has since built Reliance into India's largest company by market value and is now attempting to diversify the oil-to-chemicals powerhouse into consumer and technology businesses, as well as renewable energy. Image Credit: Bloomberg

5 of 10

Mukesh Ambani and his wife have three children - Akash, Isha and Anant. In the company statement released on Monday, it was announced that all three had been appointed as non-executive directors, while his wife, Nita, would step down from the board. Image Credit: IANS

6 of 10

Nita Ambani (59) would "devote more of her time to the Reliance Foundation" charity, the statement added. Image Credit: AFP

7 of 10

Mukesh Ambani with Isha Ambani: Isha Ambani (31) will lead the retail arm of Reliance - based on what Mukesh Ambani said to shareholders this week. Image Credit: Supplied

8 of 10

Akash Ambani with wife Shloka Mehta: 31-year-old Akash, Isha's twin brother, is set to lead Reliance's popular telecom vertical Jio though Mukesh Ambani continues to be at the helm of the enterprise. Image Credit: IANS

9 of 10

Anant Ambani with spouse Radhika Merchant: The youngest child of the Ambanis, 28-year-old Anant, will lead the upcoming renewable energy vertical of Reliance - a key element in the future plans for the group. Image Credit: insta/ radhikamerchantfc

10 of 10

Mukesh Ambani added, "I shall especially mentor Akash, Isha and Anant so that they can provide collective leadership and dependably take Reliance to greater heights of growth and value in the decades ahead." Image Credit: Reuters

Photos Business

In photos: Who will lead Reliance next? Asia's richest man Mukesh Ambani starts 5-year succession plan

More From Photos

BMW unveils 'XM Mystique Allure', inspired by Naomi Campbell in Cannes

Apple set to release slimmer iPhone in 2025: Report

Photos: Gautam Adani joins exclusive list of 15 people with fortunes over $100 billion

Indian spice trade group fears plunge in exports due to ETO pesticide scrutiny

GULFNEWS SECTIONS

Trending

In photos: Who will lead Reliance next? Asia's richest man Mukesh Ambani starts 5-year succession plan

More From Photos

BMW unveils 'XM Mystique Allure', inspired by Naomi Campbell in Cannes

Apple set to release slimmer iPhone in 2025: Report

Photos: Gautam Adani joins exclusive list of 15 people with fortunes over $100 billion

Indian spice trade group fears plunge in exports due to ETO pesticide scrutiny

GULFNEWS SECTIONS