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mukesh ambani

October 7, 2019

CampdenFB celebrates this month the 75 leading lights in the family business and family office space over its 75 issues. Last week we profiled some of the inspirational figures in the Americas—this week we take a look at the major players in the dynamic region of Asia-Pacific.

CampdenFB celebrates this month the 75 leading lights in the family business and family office space over its 75 issues. Last week we profiled some of the inspirational figures in the Americas—this week we take a look at the major players in the dynamic region of Asia-Pacific.

May 27, 2019

Family offices are standing on the precipice of a multi-trillion dollar transfer of wealth between generations, yet succession planning among family offices is moving at a glacial pace. What are the barriers to planning? And what should families be doing now?

The cautionary tale of India’s Ambani family should be enough to scare any patriarch or matriarch into succession action. The sudden death of Reliance founder Dhirubhai Ambani, aged 69, in 2002 sparked an acrimonious battle between his two billionaire sons, Mukesh and Anil, leading to the brothers splitting up the family business in a deal mediated by their mother. Today relations are civil, but the businesses they inherited have had very different outcomes.

December 19, 2018

Indian authorities reject Ambani sibling spectrum deal, Lego launches new sets for stressed adults, FRC launches corporate governance code for private companies.

Indian authorities reject Ambani sibling spectrum deal

The future of telecommunications operator Reliance Communications (RCom), owned by billionaire tycoon Anil Ambani (pictured), has been thrown into confusion after Indian authorities refused to approve a spectrum sale deal to Reliance Jio (Jio), the company owned by Anil’s brother Mukesh Ambani.

India’s Department of Telecommunications (DoT) told RCom it could not sell its spectrum to rival Jio as the proposed deal did not conform to its guidelines.

August 31, 2018

Dyson to build $260 electric car test site, South Korea’s regulators slap new rules on family-run chaebols, Power unit sale helps lift Reliance debt burden.

Dyson unveils $260 million test track for electric vehicles

A year after announcing it would join the electric car race, UK technology firm Dyson has revealed its plans to convert a former airfield in Southern England into a 17km test track and extensive electric vehicle (EV) testing centre.

Dyson, headed by the dynamic UK inventor Sir James Dyson (pictured), bought Hullavington Airfield, Wiltshire several years ago and plans to spend up to £200 million ($260 million) converting it into a EV testing centre.

February 23, 2015

One of India’s greatest entrepreneurial success stories, the Ambanis, are also one of its most infamous dynasties, owing to a long-running public feud which broke out between the late patriarch’s sons.

October 13, 2014

India’s largest privately held company is introducing the third generation into the fold, with twins Isha and Akash Ambani joining the board of two of Reliance Industries’ subsidiaries.

India’s largest privately held company is introducing the third generation into the fold, with twins Isha and Akash Ambani joining the board of two of Reliance Industries’ subsidiaries.

Their father Mukesh Ambani is chief executive of the family-controlled business, which had revenues of $75 billion (€59 billion) in the last financial year.

The 23-year-old twins will each become directors of Reliance Jio Infocomm and Reliance Retail Ventures.

August 7, 2012

It can be hard for founders to let go of their businesses. But if the family firm is going to survive they’ve got to know when the buzz is gone. 

The names trip easily off the tongue: Rothschild, Rockefeller, Sainsbury—the world is awash with great business dynasties. And, with one-third of Fortune 500 companies remaining in family hands, what are the best ways of securing the family fortunes through the generations? How can families pursue successful succession strategies?

March 5, 2012

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion). 

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion).

January 24, 2012

Reconciliation between brothers Mukesh and Anil Ambani, who split the Indian family business founded by their father, is highly unlikely despite speculation that a truce is on the cards, according to a leading academic.

Reconciliation between brothers Mukesh and Anil Ambani, who split the Indian family business founded by their father, is highly unlikely despite speculation that a truce is on the cards, according to a leading academic.

“Business links” between Mukesh, who heads up Reliance Industries, and his younger brother Anil, who leads Reliance Group, will not be developed, reckons Kavil Ramachandran of the Indian School of Business.

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