A peer group of fellow next-gen leaders has always been valuable, says KPMG’s Mark Essex.
I was in Ironbridge recently in the Victorian Town, a living museum which brings to life what life was like at the beginning of the 20th Century. My kids were particularly fascinated by the dentist. He explained how the poor, who couldn’t afford sugary sweets, would sell their healthy teeth to the rich who had rotted theirs.
KPMG Private Enterprise and Women in Family Business (WiFB) have come together to showcase the incredible achievements and innovation that women enable and lead in multigenerational businesses and wealth.
KPMG Private Enterprise and Women in Family Business (WiFB) have come together to showcase the incredible achievements and innovation that women enable and lead in multigenerational businesses and wealth, and to contribute to their shared goal of creating a more gender-balanced conversation around the family enterprise.
As revealed in The 2023 North America Family Business Report from Campden Wealth and Brightstar Capital, considering board Next Gens’ experience, insight and opinion is vital to ensure future success.
As revealed in The 2023 North America Family Business Report from Campden Wealth and Brightstar Capital, considering Next Gens’ experience, insight and opinion is vital to ensure future success.
In this week’s FB Roundup, Sir Jim Ratcliffe proposes a new £5 billion Manchester United buyout bid; Barry and Eddie Hearn’s Matchroom Sport sale falls down; and hedge fund billionaire Louis Bacon wins $203 million in a defamation case.
Sir Jim Ratcliffe proposes £5 billion Manchester United buyout bid
After nearly having his dreams of owning Manchester United football club dashed after current owners the Glazer family said the team was not for sale, British petrochemicals billionaire Sir Jim Ratcliffe is proposing a full buyout of the Premiership team after three years if he succeeds with his revised £5 billion bid.
In the midst, as we are, of a major generational succession transition in which trillions of dollars are changing hands, it has never been more important for every family member to feel that they have a voice and, more importantly, feel they are heard.
In the midst, as we are, of a major succession event in which trillions of dollars are changing hands between ultra-high-net-worth (UHNW) family members, it has never been more important for every person to feel that they have a voice and, more importantly, feel they are heard.
In this week’s FB Roundup, Heidi Horten’s $150 million jewellery collection is put up for auction; Fitness First owner Dave Whelan plans a rent-cutting restructure; and Jack Ma takes up a professor position at a Tokyo university.
Heidi Horten’s $150 million jewellery collection put up for auction
Following her death in June 2022, the $150 million jewelry precious gems collection of Austrian billionaire and art collector Heidi Horten is being put up for auction by Christie's in what is being labelled by The New York Times as one of the largest jewellery auctions in history.
As ultra-high-net-worth families navigate a major global wealth and succession transition, questions are being asked about effective implementation of transparent and communicated succession plans.
As ultra-high-net-worth families navigate a major global wealth and succession transition, questions are being asked about effective implementation of transparent and communicated succession plans. Especially, as revealed in The 2023 North America Family Business Report from Brightstar Capital and Campden Wealth, as the majority of family businesses (61%) do not have a written, formal succession plan in place - while 44% still need to develop a succession plan or have no plan at all.
The North America Family Business Report 2023 from Brightstar Capital Partners and Campden Wealth reveals that major concerns for thriving family businesses owners are succession planning, economic risks, and family communication.
For many well-established North American family businesses, long-term planning and forward thinking are the hallmarks of their enduring success. However, findings in The North America Family Business Report 2023 from Brightstar Capital Partners and Campden Wealth reveal that a majority of family businesses should address formal succession planning amid fears about a market downturn fueled by higher inflation and rising interest rates.
In this week’s FB Roundup, David and Simon Reuben are exploring ways to finalise an LA real estate deal; the Winklevoss twins give a $100 million personal loan to their own crypto exchange; and Mike Lynch loses his bid against US extradition.
David and Simon Reuben “exploring ways” to finalise LA real estate deal
According to Bloomberg, Indian-born British businessmen David and Simon Reuben are “exploring ways to finalise one of Los Angeles’s biggest real estate projects after taking control over major parts of the $2.5 billion plan through debt financing deals.”
Jefferson Sun, founder and CEO of Fargo Wealth Group, talks about how the past ten years have been a golden decade for Chinese entrepreneurs and what local governments are doing to help establish a raft of new family offices as a result.
Having seen a rise in demand for flexibility within a traditionally rigid banking system, Fargo Wealth Group was established to offer a wide range of expertise to ultra-high-net-worth (UHNW) individuals and families - from wealth management to asset management and family office services to FinTech innovation.
