Rashmi Kumar is a staff writer for Campden's wealth publications, CampdenFB and CampdenFO. She graduated in 2010 with a Master of Arts degree in International Journalism from Cardiff University.
Email: rashmikumar@campden.com
Liliane Bettencourt, heiress of cosmetics giant L’Oreal and France’s richest woman, has quit the board of the family business and will be replaced by her grandson.
Naguib Sawiris, who is the former chairman of Egyptian family business Orascom Telecom Holding, has sold most of his stake in the group’s mobile operations to its French partner.
Nello Ferrara, who took over the American candy-making family business founded by his father, died on 3 February aged 93.
John Sargent, who led the expansion of Doubleday & Company from a small family business to a publishing giant, died on 5 February aged 87.
Giving ultra-high net worth families and individuals in the UK more time to come clean about their assets in Liechtenstein is an “important development”, according to a top legal expert.
A way of keeping feuds at family businesses away from the public gaze might be by signing a secret pact. At least that’s what Gina Rinehart, the richest person in Australia, seems to think.