How to Keep the Next Gen Engaged in the Family Business
Aug 27 - 31. 2018
In his book “Family Wealth: Keeping It in the Family,” prolific author and family advisor James Hughes Jr. maintains that family businesses are too preoccupied with taxation and governance when their primary focus should be developing human capital. In other words, he believes families must prepare and mentor the next generation to create leaders that can help the business survive.
Succession Case Study: Dalian Wanda Group
Wang Jianlin Founder - Dalian Wanda Group The struggles of China’s richest entrepreneur offer a case study in succession planning for wealthy families and family-run businesses across the world. Billionaire Wang Jianlin, the founder of China...READ MORE
IKEA: Lessons in Preserving a Legacy
July 02 - 06. 2018
IKEA founder Ingvar Kamprad was one of the richest men in the world when he passed away in early 2018. Over the course of his nearly 74-year career, Kamprad managed to redefine the global retail sector and create one of the world’s most recognizable brands. A long-term thinker with a unique strategy, Kamprad left behind an estate structured to preserve the business he spent a lifetime creating.
5 Family-Owned Conglomerates Across Asia
June 25 - 29. 2018
Family-owned businesses are a key pillar of Asian economies. Asian conglomerates tend to be passed down through multiple generations as they grow and expand. Here are five of the most successful family-run conglomerates in the region
Family Enterprise Profile: Zóbel de Ayala Family – Ayala Corp
June 18 - 22. 2018
Owned by the Zóbel de Ayala family, the Ayala Corporation is the oldest and largest conglomerate in the Philippines. Over nearly two centuries, the holding company has been diversified and expanded into sectors ranging from retail to healthcare. What began as a small distillery started by Domingo Róxas and Antonio de Ayala during the Spanish Colonial era is now the linchpin of the country’s economy.
Africapitalism: The Vision of Tony Elumelu, Heirs Holdings Founder
May 28 - June 01. 2018
Nigerian entrepreneur, investor and philanthropist Tony Elumelu coined the phrase Africapitalism. “First, we can’t talk about the digital economy in Africa without fixing critical infrastructure like the digital connectivity issue. It is a major issue and we can’t fix it if we don’t have reliable access to electricity,” he said at the Digital Economy for Africa forum at the World Bank Group’s annual Spring meetings held in Washington D.C. last April.
Smyth Family Set to Acquire European Ops of Toys “R” Us
Smyths Toys superstore,Newport Image Credit - Wikimedia The Smyth family, which founded and operates Smyths Toys, has made a €79 million (approximately $93.6 million) offer for the European operations of U.S.- based...READ MORE
The Shipping Tycoon Y.K. Pao and his Legacy
With a net worth of $13.4 billion, the Pao family started off in the shipping business with shipping tycoon Y.K Pao. He first established the Word Wide Shipping Company in the 50s with the purchase of a second-hand ship. Over 20 years, the company owned over 200 vessels. Y.K. Pao was knighted by Queen Elizabeth II, and was selected by readers of shipping magazine, Fairplay as “the most influential person in shipping in 120 years”. After his death in 1991, his four daughters and their husbands took over the r...READ MORE
Ayala Corporation Being Managed by the Seventh Generation of Zobel Family
The Zobel family, owners of conglomerate Ayala Corp., stands 43rd on Forbes’ list of richest families in Asia, with a net worth of $6.13 billion this year. Filipino businessman Jaime Zobel de Ayala was the managing partner of Ayala Company, before it turned into a corporation. He then served as the managing partner and chairman until 2005. Jaime Zobel is a prominent business figure in the Philippines with a significant reputation towards philanthropy. What started off as a small Manilla distillery ...READ MORE