The heirs to a centuries-old Belgian automotive empire were elevated to vice chairmen of their family’s eponymous company, D’Ieteren Group, about a decade ago. But the parity lasted just three years
- Family Governance
- Family Governance
The great wealth transfer looks to be a source of great trouble for family offices, as 54% say their next generation is insufficiently qualified to steward their family wealth and legacy, according to a study from RBC and Campden Wealth.
- Family Governance
In his time atop New World, Adrian Cheng, a Harvard-educated “it” boy of the Hong Kong art scene, struggled to prove himself in business the way his late grandfather and, eventually, his father did.
- Family Governance
New World Development Co. CEO Adrian Cheng has resigned, after the third-generation heir steered the Hong Kong property developer to its first annual loss in two decades.
- Family Governance
Jim Walton, 76, the youngest son of founder Sam Walton, leads the way with $102.6 billion; while Rob Walton, 79, is at $100.4 billion, according to Bloomberg’s index.
- Family Governance
The succession battle playing out in a Nevada courtroom this month between Rupert Murdoch’s four oldest children could ultimately decide who controls Fox News and The Wall Street Journal, two of the most influential U.S. news outlets.