IN TRUSTS THEY TRUST

Fortune India Rich List reveals 38 billionaires have 24.90% of their cumulative wealth of ₹32.52 lakh crore secured in trusts.

- V. Keshavdev

PANKAJ PATEL

NET WORTH IN TRUST: 100%

FALGUNI NAYAR

NET WORTH IN TRUST: 99.92%

GLENN SALDANHA & FAMILY

NET WORTH IN TRUST: 97.43%

IN THE PENTHOUSES of wealth and privilege, Elon Musk, the globe’s wealthiest individual with a net worth of $229 billion, champions a distinctive philosophy on generational wealth. Musk, the visionary behind Tesla and now the current owner of X, is a fervent proponent of meritocracy, suggesting that his nine children from his previous relationships should not merely inherit the helm of his empire, unless they truly possess the passion and aptitude to drive it forward. Rather, he insists, if they lack a natural inclination towards his businesses, it would be judicious to pass the control, including that of ownership, to deserving individuals willing to run the corporations.