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Boomers are retiring in droves. Generation X is not far behind. Millennials are taking charge of family fortunes. Now what?

Boomers are retiring in droves. Generation X is not far behind. Millennials are taking charge of family fortunes. Now what?

Industrial foundations lock up generations of family wealth. But what they lack in flexibility they compensate in prospects for long-term prosperity. Scott McCulloch reports

Industrial foundations lock up generations of family wealth. But what they lack in flexibility they compensate in prospects for long-term prosperity. Scott McCulloch reports

Serving two masters can be a recipe for disaster, yet many large family businesses operate successful two board systems which separate the daily management from a supervisory board with a broader mandate. Is a supervisory board right for your family business? Or is the added level of decision-making a hindrance? Daniel Bardsley reports

Serving two masters can be a recipe for disaster, yet many large family businesses operate successful two board systems which separate the daily management from a supervisory board with a broader mandate. Is a supervisory board right for your family business? Or is the added level of decision-making a hindrance? Daniel Bardsley reports

You can be very good at building a business but not as good at managing your wealth.

The Chinese proverb “wealth never survives three generations” has an equivalent in many cultures and has appeared in writing over centuries. The international notion that the first generation builds wealth, the second spends and otherwise mismanages it, and the third is left with nothing, isn’t just a platitude, though.

Third-generation Mohammed “Mo” Dewji transformed his father’s modest trading company into MeTL Group, a conglomerate aiming to become a $5 billion cornerstone of the African economy. The Wall Street rookie turned Giving Pledge philanthropist tells Mfonobong Nsehe what powers his ambition, why China can’t compete, and how his close family balances work and life

Third-generation Mohammed “Mo” Dewji transformed his father’s modest trading company into MeTL Group, a conglomerate aiming to become a $5 billion cornerstone of the African economy. The Wall Street rookie turned Giving Pledge philanthropist tells Mfonobong Nsehe what powers his ambition, why China can’t compete, and how his close family balances work and life

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