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January 10, 2023

In this week’s FB Roundup, Mukesh Ambani focusses his attention on green energy; Vincent Bolloré sells his African ports and logistics business to MSC; and Jack Ma surrenders control of China's Ant Group.

Mukesh Ambani focusses attention on green energy
After handing over operational reins to his three children, Mukesh Ambani, the billionaire chairman of Mumbai-based multinational Reliance Industries, has announced he is focusing his attention on the Indian conglomerate’s pivot to green energy.

November 18, 2021

Juergen Heraeus describes himself as “just a shareholder” since he stepped down as chairman of the supervisory board of Heraeus Group after two decades last year. However, that modestly underestimates his revolutionary stewardship of the $3.5 billion family-owned giant, which celebrates its 200th anniversary as a company in 2051.

Juergen Heraeus describes himself as “just a shareholder” since he stepped down as chairman of the supervisory board of Heraeus Group after two decades last year. However, that modestly underestimates his revolutionary stewardship of the $3.5 billion family-owned giant, which celebrates its 200th anniversary as a company in 2051.

June 21, 2021

Benetton family channel $9.7 billion sale proceeds into co-investments, Weston family puts Selfridges up for sale for $5.5 billion, Walton family raises $2.1 billion from Walmart shares.

Benetton family channel $9.7 billion sale proceeds into co-investments

The Italian infrastructure company controlled by the Benetton family has offloaded its Italian road toll subsidiary for $9.7 billion and says it will use the proceeds to reinvest in technological, digital and sustainable partnerships.

February 5, 2021

Statistics from the UK government’s tax office show the amount of Inheritance Tax (IHT) families are paying has soared from £2.9 billion ($3.9 billion) in 2011-12 to £5.2 billion ($7.1 billion) in 2019-20—this in part reflects the rise in asset values since 2008, and in particular skyrocketing property prices in London and the south-east of England.

Statistics from the UK government’s tax office show the amount of Inheritance Tax (IHT) families are paying has soared from £2.9 billion ($3.9 billion) in 2011-12 to £5.2 billion ($7.1 billion) in 2019-20—this in part reflects the rise in asset values since 2008, and in particular skyrocketing property prices in London and the south-east of England.

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