Sixty per cent of successful entrepreneurs come from a family that has a history of business ownership, according to a new report released by BNP Paribas Wealth Management, and the effect is especially strong in emerging markets.
The trend is most prevalent in Taiwan, Spain, Poland, the Gulf countries, and Turkey, where more than 75% have a family legacy of entrepreneurialism.
The trend is shifting in younger generations, however, and entrepreneurs in developed economies are also less likely to come from family business backgrounds.
