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In this week’s FB Roundup, US president Joe Biden proposes a billionaire income tax; the preferred bid for new Chelsea FC ownership is to be presented by April 18; and BNY Mellon appoints a new head for global family office.

In this week’s FB Roundup, US president Joe Biden proposes a billionaire income tax; the preferred bid for new Chelsea FC ownership is to be presented by April 18; and BNY Mellon appoints a new head for global family office.

The Chinese proverb “Wealth never survives three generations” has an equivalent in many cultures and has appeared in writing over centuries. The international notion that the first generation builds wealth, the second spends and otherwise mismanages it, and the third is left with nothing, isn’t just a platitude, though says Wharton finance professor Richard Marston.

The Chinese proverb “Wealth never survives three generations” has an equivalent in many cultures and has appeared in writing over centuries. The international notion that the first generation builds wealth, the second spends and otherwise mismanages it, and the third is left with nothing, isn’t just a platitude, though says Wharton finance professor Richard Marston.

Ex-head of BioNTech brothers’ family office builds his own business, American business advisory firm Hightower makes a strategic investment and Sir John Beckwith’s family office appoints a new asset management chairman.

Ex-head of BioNTech brothers' family office builds his own business, American business advisory firm Hightower makes a strategic investment and Sir John Beckwith's family office appoints a new asset management chairman.

A prominent young, next-gen woman who is safeguarding her family’s wealth while carving her own niche as the head of an impact investment company, Melissa Sesana Grajales is undoubtedly one to watch.

A prominent young, next-gen woman who is safeguarding her family’s wealth while carving her own niche as the head of an impact investment company, Melissa Sesana Grajales is undoubtedly one to watch.

Founding partner of venture capital firm Lakestar Klaus Hommels and former Italian prime minister Matteo Renzi discuss the outlook for Europe and how politics can help it achieve sovereignty in financing and technology.

Founding partner of venture capital firm Lakestar Klaus Hommels and former Italian prime minister Matteo Renzi discuss the outlook for Europe and how politics can help it achieve sovereignty in financing and technology.

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