Advertisement
Advertisement
Advertisement

Billionaire heirs, compared: Akash Ambani and Karan Adani, eldest sons of Indian moguls Gautam Adani and Mukesh Ambani, are taking over their family wealth, but how much do they have in common?

Karan Adani and Akash Ambani are sons of Indian billionaires Gautam Adani and Mukesh Ambani, respectively. Photos: adani.com. @akashambanii/Instagram
Karan Adani and Akash Ambani are sons of Indian billionaires Gautam Adani and Mukesh Ambani, respectively. Photos: adani.com. @akashambanii/Instagram

  • Gautam Adani’s family is worth US$150 billion, putting eyes on his eldest son, Karan, who heads ACC and is married to Paridhi Shroff with one daughter, Anuradha
  • Meanwhile, the Ambanis often host lavish events and are also big on family, with Mukesh announcing Akash, Isha and Anant will take prominent roles at Reliance

Gautam Adani and his family are worth an estimated US$150 billion while Mukesh Ambani and his family are worth an estimated US$90 billion, per Forbes. They are among the richest people on the globe and aggressive business plans leave them poised to make more money.

As Gautam, 60, and Mukesh, 65, continue to drive the global markets, they have also been in careful planning to hand over the keys to the empires to their children. For years, their eldest sons, Karan Adani, 35, and Akash Ambani, 30, have been groomed to run the family business. But what else do the billion-dollar heirs have in common? Here’s what you need to know …

Taking over the family wealth

Gautam Adani, who has a whopping net worth, with his family. Photo: @AdaniKaran/Twitter
Gautam Adani, who has a whopping net worth, with his family. Photo: @AdaniKaran/Twitter
Advertisement

Both families have outlined a need for the next generation to start taking over the businesses from their fathers. Business Standard reported that Karan is taking over as the chair of ACC, a subsidiary of Ambuja Cements, India’s second largest cement firm.

The publication reported that Karan is known for his hands-on approach and the all-cash deal cost the Adani family around US$6.4 billion. The latest move propels him even further ahead in the family company where he already oversees strategic development across the business.

Akash Ambani, chairman of Reliance Jio, speaks via live-stream during the Reliance Industries Ltd. annual general meeting in Mumbai, India, on August 29. Photo: Bloomberg
Akash Ambani, chairman of Reliance Jio, speaks via live-stream during the Reliance Industries Ltd. annual general meeting in Mumbai, India, on August 29. Photo: Bloomberg
Meanwhile, Mukesh confirmed his succession plans in August at Reliance Industries 45th annual general meeting, reported Business Standard. He detailed a transfer of wealth to his children, Akash, Isha and Anant.

Mukesh announced Akash, his eldest son, would head telecoms, while Isha would take over retail and Anant would be assigned to a new energy unit. In June, Akash was named the chairman of the Reliance’s digital empire, Jio, reported TechCrunch.

Public personas

Akash Ambani and wife Shloka Mehta Ambani. Photo: @shloka_mehta_official/Instagram
Akash Ambani and wife Shloka Mehta Ambani. Photo: @shloka_mehta_official/Instagram
Despite growing up in wealthy families under the spotlight, both Karan and Akash are notoriously private. The Ambani family have over the years created a cultlike following around them in India. They are known to host glam events at their 27-storey home, Antilia in Mumbai, often inviting the press and responding to queries about their personal lives.