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heirs

FB Roundup: Inditex, Gucci, Williams Racing

December 6, 2021

Zara owner Inditex names Ortega heiress as chairwoman, Gucci heirs fire back at “hooligan” portrayal in House of Gucci, Formula One pioneer Sir Frank Williams’s legacy remembered.

Zara owner Inditex names Ortega heiress as chairwoman

Marta Ortega Perez, youngest daughter of billionaire Inditex founder Amancio Ortega, says she will build upon her parents’ legacy and balance innovation and heritage as she prepares to head the world’s largest apparel retailer.

Preparing for generational wealth transfer post-Covid-19

July 7, 2021

Every industry has seen sharp changes over the last year and a half due to the pandemic, but the wealth sector has seen a major shift with the generational wealth transfer timeline shortening significantly.

FB Roundup: Ford, Walmart, Las Vegas Sands

February 20, 2021

William Clay Ford Jr, the family principal behind the motor giant’s electrification, Record revenue accelerates Walton family’s Walmart strategy, Sheldon Adelson heirs unlikely to gamble on his casino empire’s future.

William Clay Ford Jr, the family principal behind the motor giant’s electrification

The $1 billion electric vehicle transformation by the Ford Motor Company in Europe is a vindication for its fourth-generation executive chairman, William Clay Ford Jr, a lifelong environmentalist.

The $155.9 billion family-controlled automaker announced this week all of its passenger and commercial vehicle ranges in Europe will be zero-emissions capable—all-electric or plug-in hybrid—by 2026, moving to entirely electric by 2030.

Women on Forbes list disproportionately come from inherited wealth

March 4, 2016

Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.

Microsoft founder Bill Gates, Inditex co-founder Amancio Ortega, and investor Warren Buffett make up the top three with net worths of $75 billion, $67 billion, and $60.8 billion respectively.

Generation gap: why Millennials have hooked on to impact investing

January 19, 2016

The next generation has hooked onto impact investing like no other – so what do family offices managing multigenerational wealth need to know?

Impact investing isn’t only for the softhearted. In the past year alone, BlackRock launched new business unit BlackRock Impact, Goldman Sachs bought impact advisory firm Imprint, and former Massachusetts governor Deval Patrick now heads up Bain & Capital’s impact fund. “Some of the most celebrated and followed world-class investors have jumped into impact investing in the last year,” says Jean Case, AOL Inc entrepreneur and CEO at the Case Foundation.

Digital era could be driving wealthy millennials' interest in impact investing and philanthropy

December 15, 2015

Widespread access to digital information and social media could be driving ultra-high net worth millennials to engage more on philanthropy and impact investing, says the author of a new report that is focussed on the next generation’s attitudes to wealth.

Heir raising: Millennials' attitudes to their impending inheritance

August 7, 2015

Generational demographics mean the world is on the cusp of the largest wealth transfer in history. So how prepared do next-generation inheritors feel for this event?

Planning for a smooth succession to the next generation is one of the biggest challenges facing any family of substantial wealth.

There are a host of issues at play, such as how to discuss family wealth with next gens, what education they need to allow them to manage their inheritance, and the relationships between family advisers.

Equality vs practicality – how to divide your estate

November 3, 2007

When deciding how to divide up your estate it is vital to know where each part of your wealth is going. But how important is it to treat all your heirs fairly? Colleen Lief explains how to distribute your wealth and offers examples of those who have got it wrong

Colleen Lief is a freelance journalist based in the US.

Dutiful sons: how to succeed as heir to a great entrepreneur

November 1, 2004

Corporate scions come from a different world, one in which they must prove themselves in the long shadow of their entrepreneurial predecessors and demanding families. It’s a formidable task, as Dennis Jaffe explains

Dennis Jaffe is a founding member of the Aspen Family Business Group.

Corporate scions come from a different world, one in which they must prove themselves in the long shadow of their entrepreneurial predecessors and demanding families. It's a formidable task, as Dennis Jaffe explains