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NSE billionaires now open empires to family members
From left, Mr Bharat Thakrar, Mr James Mwangi and Mr Baloobhai Patel. PHOTOS | FILE |
Stock market billionaires are increasingly introducing family members as co-owners of their wealth or ceding stakes to chosen heirs in a trend that signals their desire for orderly succession.
This is a marked departure from the tradition among Kenya’s super rich who have paid little attention to succession planning, leaving behind protracted battles over their estates.