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Asia’s Richest Man Mukesh Ambani Wants to Speed Up Reliance’s Leadership Shift

  • Billionaire Mukesh Ambani has hinted kids will play key roles
  • Ambani says Indian conglomerate shifting to ‘next generation’

Mukesh Ambani, Asia’s richest man, wants to expedite Reliance Industries Ltd.’s leadership transition and sees his $217 billion empire scaling new heights under his three children.

The retail-to-refining conglomerate “is now in the process of effecting a momentous leadership transition from seniors belonging to my generation to the next generation of young leaders,” Ambani said in a virtual speech Tuesday to a Reliance Industries’ employees event. “I would like this process to be accelerated.”