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Family Business

August 15, 2019

An award-winning millennial entrepreneur says family businesses must show their rising stars how their family wealth serves the greater good if they want to engage next-gens in succession planning.

An award-winning millennial entrepreneur says family businesses must show their rising stars how their family wealth serves the greater good if they want to engage next-gens in succession planning.

August 14, 2019

The world’s wealthiest families control $1.4 trillion, Hong Kong tycoon Peter Woo urges protesters to stop violence and Anil Agarwal’s family trust pulls out of bid for Jet Airways.

The world’s wealthiest families control $1.4 trillion

Bloomberg’sannual ranking of the world’s richest families has revealed the fortunes of those at the top are growing by millions of dollars every hour.

Ranked the world’s richest family, the third-generation Walton family, behind US supermarket giant Walmart, is accumulating $4 million every hour. Since June, the family’s fortune has grown from $39 billion to nearly $191 billion—a nearly 400% increase.

August 13, 2019

The first fourth-generation family member to chair the Nathan Cummings Foundation says the next generation should not be seen as a “threat” by family principals and urges more entities to mentor their next gens shoulder to shoulder.

The first fourth-generation family member to chair the Nathan Cummings Foundation says the next generation should not be seen as a “threat” by family principals and urges more entities to mentor their next gens shoulder to shoulder.

August 12, 2019

A surge in the number of billionaires has made Asian family offices an El Dorado for wealth managers lured by the prospect of bigger pay packages and more varied work.

A surge in the number of billionaires has made Asian family offices an El Dorado for wealth managers lured by the prospect of bigger pay packages and more varied work.

August 12, 2019

Third-generation steelmakers Radha Smelters have had their fair share of ups and downs, which is why educating the next generation, mixed with on-the-job experience, is so highly prized. Nicholas Moody reports

August 8, 2019

Single family offices looking to hire top talent from traditional banking and asset management corporations should appreciate that not all candidates suit working in a family office environment, according to a family office recruitment director.

Single family offices looking to hire top talent from traditional banking and asset management corporations should appreciate that not all candidates suit working in a family office environment, according to a family office recruitment director.

August 7, 2019

Bollore family to sell 10% of Universal Music to Tencent, Thai billionaire family to take Central Retail Corporation public and James Murdoch’s group acquires a majority stake in Tribeca Film Festival.

Bollore family to sell 10% of Universal Music to Tencent

French media conglomerate Vivendi, owned by the Bollore family, is set to sell a 10% stake in its Universal Media Group (UMG) to Chinese internet giant Tencent.

Universal is the world’s largest media group, with artists such as Taylor Swift (pictured), Drake and Lady Gaga. UMG’s content has been available on Tencent’s music streaming service in China following a deal struck in 2017.

August 5, 2019

An idea borne from a classroom Eureka moment provided the basis for a groundbreaking field book for families. Randel Carlock discusses the vibrant guide he and co-author Keng-Fun Loh created to help families prepare for their own lunar landing.

Your book, A Family Business on the Moon, has an unusual title—where did the idea come from?

It came from (Canadian third-generation family business) Bata Shoes. They were training with me at INSEAD. We were working on their vision, and one of their sons, Charles, called out: “We’ve got shoe stores all over the world, let’s put one on the moon!” I thought, “What a great title!”

Who did you have in mind when you wrote it?

August 2, 2019

The first fourth-generation family member to lead the Nathan Cummings Foundation says a root and branch restructuring of the New York-based philanthropic institution is the best way to honour her family’s legacy.

The first fourth-generation family member to lead the Nathan Cummings Foundation says a root and branch restructuring of the New York-based philanthropic institution is the best way to honour her family’s legacy.

Jaimie Mayer, the 35-year-old great-granddaughter of the founding Canadian-born US businessman, investor and philanthropist, succeeded Ruth Cummings as chair of the board of trustees.

Mayer looked set to introduce changes in culture and policy, and movement building at the 70-year-old family foundation.

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