Wealth
Family entrepreneurs attending the leading 23rd European Family Office Forum are putting their money where COP26 politicians’ mouths are by sustainably investing in transformational ventures and gaining healthy returns.
Incorporating the family story and managing the perception of entitlement while handling complex relationships are key skills for rising leaders of family businesses, executive leadership experts say.
Over the last 20 months, family businesses have experienced unprecedented levels of disruption caused by outside forces. Certainly, Covid-19 has been the leading cause of this turmoil, but a confluence of economic, geopolitical and environmental threats has also caused savvy families to galvanise around resource preservation and the enhancement of family cohesion and reputation.
Adiraj Gupta, the next generation co-founder of startup incubator Impact Launchpad, says interest in sustainability has increased among investors in the wake of Covid-19, but calls for greater co-ordination and data gathering to deliver real positive change.
Moopen family’s Aster DM Healthcare partners with Roche Diagnostics in Middle East, Glazer family benefits from share sales in Manchester United, Heiresses in top leadership of Wegmans Food Markets.
Children of wealth must overcome five key challenges to generate a sense of life purpose and a positive and facilitative emotional connection to their money.
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