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Family Business

July 15, 2019

The private jet market can seem a crowded and confusing place. Shawn Vick, chief executive of Global Jet Capital, provides some much needed clarity on business aviation

You have a long history in business aviation, so can you tell me a little more about the market in general?

July 12, 2019

The wealth of the world’s richest people, often leaders of legacy business families, has been hit the hardest by global economic turbulence to the tune of $2 trillion—the first downturn in seven years.

The wealth of the world’s richest people, often leaders of legacy business families, has been hit the hardest by global economic turbulence to the tune of $2 trillion—the first downturn in seven years.

The wealth of ultra-high net worth individuals (UHNWI), who represent the richest 1% of the world’s high net worth individual (HNWI) population, accounted for 75% of the total global wealth decline, according to the new World Wealth Report 2019 released this week.

July 11, 2019

Ross Perot, billionaire and philanthropist, dies aged 89, Marc Perrin elected as new president of PFV and Chinese real estate empire scion succeeds as chairman after father’s arrest.

Ross Perot, billionaire and philanthropist, dies aged 89

US billionaire tech entrepreneur, philanthropist and former presidential candidate Ross Perot has died at aged 89, with his five children taking over the family business. 

James Fuller, a representative for the Perot family, said Perot, who ran for president in 1992 and 1996 passed away at his home in Dallas, Texas surrounded by his family after battling leukaemia for five months.

July 8, 2019

A start as a door-to-door salesman in Texas has given next-generation angel investor and fourth-generation entrepreneur Anirudh Damani a unique perspective on business. Susan Lingeswaran finds out how

Anirudh Damani has a family history studded with a serious entrepreneurial pedigree. His great grandfather Shri Chunnilal Damani was a reputed bullion trader in India, while his father and uncle, Ashok and Ramesh, both former Bombay Stock Exchange directors, are hailed as two of the most successful investors in the country.

July 4, 2019

Europe’s leading business families were hailed for their sustainability and stewardship by their peers at the glittering European Families in Business Awards 2019 this week.

Europe’s leading business families were hailed for their sustainability and stewardship by their peers at the glittering European Families in Business Awards 2019 this week.

Henkel, the €19.9 billion ($22.4 billion) German chemical and consumer goods giant, won the highly prized honour—Top Sustainable Family Business of the Year—at the exclusive and private gala dinner and awards presentation at the Four Seasons Hotel, Milan on Tuesday.

July 2, 2019

Lego buys back entertainment parks, Dassault Aviation signs French AI manifesto, Genoa bridge demolished.

Lego repurchase of Legoland Parks continues trend of de-listing
Lego’s parent company has bought back the entertainments company it sold to Merlin Entertainment in 2005 for £4.8bn with a consortium of private equity and institutional investors.

Lego’s parent company, Kirkbi, which is controlled by the third-generation of the Kirk Kristiansen family, already owned a 30% stake in Legoland Parks after selling 70% of the business for about £250 million in July 2005 to repay mounting debts.

July 1, 2019

Talking to your children about wealth can be enjoyable and preparing them can be fun, but there are serious considerations too. Next gens and family experts Sandy Loder and Evana Lithgow share a host of useful tips and insights

Talking to your children about wealth can be enjoyable and preparing them can be fun, but there are serious considerations too. Next generation and family experts Sandy Loder and Evana Lithgow share a host of useful tips and insights.

Sandy Loder is founder of AH Loder Advisers Ltd, a specialist family consultancy business that focuses on family businesses, family offices, and financial and entrepreneurial education. Loder is a fifth-generation member of the Fleming family and worked in the family business for 18 years.

June 27, 2019

Inspiring family businesses that excel in growth, governance, stewardship and sustainability will vie for six awards at the most prestigious awards ceremony in Europe’s family business society.

Inspiring family businesses that excel in growth, governance, stewardship and sustainability will vie for six awards at the most prestigious awards ceremony in Europe’s family business society.

June 25, 2019

US billionaire families call for tax on extreme wealth, Billionaire David Bonderman’s family office invests in fertility chain, and JAB bolsters pet holdings with global vet acquisition.

US billionaire families call for tax on extreme wealth

A group of US billionaires and their families have called for a new government wealth tax to address income inequality and provide funding for climate change and public health initiatives.

The group, including financier George Soros and his son Alexander, heiresses Liesel and Regan Pritzker, Abigail Disney and Facebook co-founder Chris Hughes, released a bipartisan letter asking the US 2020 presidential candidates to support a tax on the wealthiest American dynasties.

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