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Thanks for reaching out to Microsoft Q&A.
No, ownership will not transfer automatically. Before deleting the user, assign another Owner at the subscription level and transfer billing ownership manually.
Best practice before deletion:
Assign another user as Owner at the subscription level. Azure Portal → Subscriptions → Access Control (IAM) → Add role assignment → Owner → Select user.
Transfer billing ownership (if applicable) via: Cost Management + Billing → Billing profiles → Access control → Add or change billing owner.
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