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India's Millennial and Gen-Z Heirs Poised to Inherit $382 Billion
Posted
April 6, 2024
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0:50Now PlayingSuccession planning is kicking into high gear at India’s family-owned conglomerates.
As the existing cohort of aging tycoons look to the future, their heirs are taking on increasingly important positions at major business empires — including those belonging to the Ambanis, Adanis, Birlas and beyond.
In all, there are 10 Indian families collectively worth $382 billion where scions aged 40 and under now occupy prominent positions, according to the Bloomberg Billionaires Index. That’s three times more than what the equivalent Chinese heirs can expect to inherit.
That wealth gap reflects the divergent economic trajectories of the two countries. While Chinese stocks have slumped as growth has weakened, knocking billionaires’ fortunes, there is rising optimism in India’s long-term potential and its equities are trading around all-time highs.
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