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As leading business leaders, politicians, academics and philanthropists descend on Davos for the World Economic Forum this week, impact investing may well be discussed as part of their discussions on sustainability.
NEWS & ANALYSIS
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Traditional billionaire philanthropists say they want to give back to society, but saving the world is falling to the next generation of ultra-wealth holders, a new Campden Wealth report reveals.
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Prince Harry and Meghan Markle’s decision to step down as senior royals and split their time between the United Kingdom and Canada holds a number of implications for business dynasties, and for the role of the “spare” in the “heir and spare” scenario during succession, family experts say.
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Next gen James Murdoch’s burning rift with father’s media empire, revamped Musgrave Group snaps up drinks distributor and the World Economic Forum hails Henkel as frontrunner in the fourth industrial revolution.
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Institut auf dem Rosenberg is one of the leading international boarding schools for boys and girls aged 6-19 years. Owned and run by the Gademann family, Bernhard Gademann, the fourth-generation headmaster, explains how their elite facility gives the young family business leaders of tomorrow the edge in a competitive world.
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Features
Effective communication between generations is essential for family business longevity and succession, and it’s never too late for families to start, says Ron LaVelle, a trusted adviser to ultra-wealthy families in the Bay area at Seiler LLP. LaVelle tells CampdenFB how families can get the basics right, from professionalising the family business and setting up the family office, to hiring and keeping the right people.
Verena Bahlsen, next generation entrepreneur and co-founder of food innovation incubator HERMANN’S, is looking to drive her family’s business into the future.
Family Office
For the first time, legal persons and other entities are obliged to declare their Ultimate Beneficial Owners (UBO) to the Central Register of the Ministry of Finance (MFA).
China’s billionaire business families are setting up their own family offices at a phenomenal rate as ageing principals shift their priorities from wealth creation to preservation and succession.
Most Read
- China’s billionaires enthusiastically adopt family offices to preserve wealth
- The big shifts in family office succession and recruitment for 2020
- Philanthropists save their legacy but the next generation saves the world
- How families can make positive impact investments and get results
- Institut auf dem Rosenberg makes next-gens top of the class
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