During Reliance Industries Ltd.'s annual shareholder meeting, billionaire Mukesh Ambani talked about the businesses that each of his three children

will be in charge of. This was the first time that there was a clear succession plan for the $220 billion Indian conglomerate,

which was in the middle of a bitter sibling feud almost 20 years ago.

Ambani, who is 65 years old, said on Monday that his son Akash, daughter Isha, and youngest son Anant are confidently taking over the company's

businesses. "Isha and Akash are now in charge of Jio and retail, respectively. Since then, they have been very interested in our consumer businesses.

Over the years, Mukesh Ambani's once-a-year speech to investors has become a much-anticipated update on his $222 billion empire,

much like Warren Buffett's annual letters to Berkshire Hathaway shareholders.

This year, investors in the Indian billionaire's Reliance Industries Ltd. will be looking for information about the company's 5G rollout;

how Ambani plans to unlock the value of his telecom and retail units through separate listings;

when and how his children will take over the business. It became a much-anticipated report on his $222 billion business empire,

like Warren Buffett's annual letters to Berkshire Hathaway shareholders. This year, investors in the Indian billionaire's Reliance Industries Ltd.

Ambani, who is 65 years old, said on Monday that his son Akash, daughter Isha, and youngest son Anant are confidently taking over the company's

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